NYSE American Eases MSCI Global Index Options Transfers
Published Date: 4/15/2026
Notice
Summary
NYSE American just made it easier and faster to trade options tied to special versions of big global indexes like the MSCI World, MSCI ACWI, and MSCI USA. This change helps investors move and trade these options smoothly starting right now, with no extra fees or delays. If you trade these options, get ready for a simpler, quicker experience that keeps your money moving.
Analyzed Economic Effects
6 provisions identified: 6 benefits, 0 costs, 0 mixed.
Options Based on 1/100th Index Value
NYSE American will list options that are based on 1/100th of the MSCI World Index and 1/100th of the MSCI USA Index (called WORLD (1/100) and USA (1/100)). The Exchange says using 1/100th of the index lets investors use a smaller outlay of capital to trade these options.
ACWI Options Listed at Full Value
NYSE American will also list options on the MSCI ACWI Index at the index's full value (called ACWI options). These ACWI options will trade on the Exchange like other broad-based index options.
Settlement, Exercise, Trading Hours
WORLD (1/100), ACWI, and USA (1/100) options will be P.M.-settled, cash-settled contracts with European-style exercise. They will trade during normal index option hours (9:30 a.m. to 4:00 p.m. New York time), and exercise will result in cash delivery on the business day following expiration.
Contract Specs: Multiplier, Ticks, Strikes, Expirations
The contract multiplier will be $100 (one index point = $100). Minimum ticks: 0.05 ($5) for series trading below $3 and 0.10 ($10) at or above $3. Strike intervals will be 2.5 points if strike < 200 and 5 points if strike ≥ 200. Up to 12 near-term expiration months and long-term series up to 180 months are permitted.
Position and Exercise Limits Set at 50,000
WORLD (1/100), ACWI, and USA (1/100) options will have a position limit of 50,000 contracts and an equivalent exercise limit. Reduced-value contracts will be aggregated with full-value contracts for limit calculations (e.g., 100 reduced-value contracts = 1 full-value contract if reduced by 1/100).
Clearing, Surveillance, and Immediate Operability
The Exchange says existing surveillance procedures, an RSA with FINRA, membership in the ISG, and OCC clearing will apply to these options. The SEC waived the normal 30-day delay and designated the proposed rule change operative upon filing (filed March 30, 2026), allowing the Exchange to list and trade these options immediately.
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Key Dates
Department and Agencies
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