NYSE Arca Sets Fees for MSCI Index Options Trading
Published Date: 3/9/2026
Notice
Summary
NYSE Arca is adding new fees for trading options based on the MSCI EAFE and MSCI Emerging Markets Indexes. This change affects traders who want to buy or sell these specific options and takes effect immediately. Expect clear, updated costs when trading these global market options starting now!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Exclusion From Fee Caps and Incentive Programs
Transactions in MXEA and MXEF are excluded from certain NYSE Arca fee programs: the Firm and Broker Dealer Monthly Fee Cap, the Limit of Fees on Options Strategy Executions, and the FB Prepay Program will not apply to these transactions. The Exchange also proposes related exclusions from other incentive and rebate program calculations and from certain categorizations in Endnotes 7 and 18, effective February 25, 2026.
Per‑Contract Manual Execution Fees
If you trade options that overlie the MSCI EAFE (MXEA) or MSCI Emerging Markets (MXEF) Index on NYSE Arca, manual executions are charged per contract: $0.45 for LMMs and NYSE Arca Market Makers, and $0.25 per contract for Firms, Broker-Dealers, Professional Customers, and Customers. These fees take effect on February 25, 2026, when trading in MXEA and MXEF begins on the Exchange.
Index License Surcharge for Non-Customers
NYSE Arca will assess an Index License Surcharge of $0.20 per contract on all Non-Customer transactions in MXEA and MXEF. The surcharge applies to Non-Customer trades in these options beginning February 25, 2026.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-17058, Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Connectivity Schedule and Discontinue a Previously Proposed Offering
Previous / Next Documents
Previous: 2026-04502, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Harmonize Rules 9.261, 9.341, 9.524, and 9.830 With Rule Changes Made by the Financial Industry Regulatory Authority, Inc. That Allow for Video Conference Hearings Under Specified Conditions
Investors Exchange LLC (IEX) is updating its rules to match FINRA’s new rules that let certain hearings happen over video calls. This change affects anyone involved in IEX hearings, making the process more flexible and modern without extra costs. The new rules took effect immediately after filing on February 23, 2026, so video hearings can start right away under specific conditions.
Next: 2026-04504, Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Exchange Rule 11.6(q)(1)
24X National Exchange is updating its rule about what counts as a 'round lot'—basically, the standard number of shares in a trade—to match a new national definition that started in November 2025. This change affects traders and brokers using 24X, making sure everyone’s on the same page with the latest rules. The update is effective immediately, so no waiting around, and it helps keep trading smooth and fair.