Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule To Modify Certain Fees and Rebates Applicable to Lead Market Makers and NYSE Arca Market Makers and Floor Brokers
Published Date: 2/4/2026
Notice
Summary
NYSE Arca is changing some fees and rebates for Lead Market Makers, Market Makers, and Floor Brokers who trade options on their floor. They’re extending a surcharge on certain complex orders and tweaking how much money these traders pay or get back. These changes started right away on January 28, 2026, so affected traders should take note now!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Floor Market Maker $0.12 Surcharge
If you are a Market Maker on the NYSE Arca Trading Floor, a $0.12 per contract surcharge now applies when your Market Maker order is the counterparty to a complex Manual trade executed by a Floor Broker. This change took effect January 28, 2026.
Floor Broker $0.20 Per-Contract Rebate
If you are a Floor Broker on the NYSE Arca Trading Floor, you will receive a $0.20 per contract rebate for complex Manual trades that execute against a Market Maker order on the Trading Floor. For participants in the FB Prepay Program, this $0.20 rebate applies instead of rebates from the Manual Billable Rebate Program. The change is effective January 28, 2026.
Surcharge Discount Clarified for Electronic Trades
NYSE Arca clarified that the 'Discount on Non-Customer Complex Surcharge' applies only to Electronic Executions and will not apply to Manual Complex Orders on the Trading Floor. This clarification is part of the changes effective January 28, 2026.
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Next: 2026-02226 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule To Modify Certain Fees and Rebates Applicable to Specialists, e-Specialists and NYSE American Options Market Makers and Floor Brokers
Starting January 28, 2026, NYSE American is changing some fees and rebates for Specialists, e-Specialists, Market Makers, and Floor Brokers who trade options. These updates tweak how much they pay or earn on certain complex trades, aiming to keep things fair and smooth on the trading floor. If you’re one of these traders, watch your costs and rewards closely—they’re shifting now!