NYSE Arca Updates Options Fee Caps and Rebates
Published Date: 4/29/2026
Notice
Summary
Starting April 15, 2026, NYSE Arca is changing how it caps monthly fees for firms and broker-dealers, plus the combined credits and rebates for certain trades. This means firms and brokers could see different fee limits, helping keep costs clearer and fairer. If you trade options on NYSE Arca, these updates affect your monthly fees and rebates right away!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Floor Broker Combined Cap Raised to $5.5M
The Exchange increases the maximum combined monthly cap on Submitting Broker credits for QCC trades and Manual Billable Rebate Program rebates (the FB Cap) from $3,000,000 to $5,500,000 per month per Floor Broker firm. This change is intended to take effect April 15, 2026.
Incremental Service Fee Doubles to $0.02
If your firm or broker-dealer reaches the $250,000 Monthly Fee Cap for manual option executions on NYSE Arca, the incremental service fee charged per contract increases from $0.01 to $0.02. The $0.02 per-contract fee also will now apply to QCC (Qualified Contingent Cross) transactions once the cap is reached, effective April 15, 2026.
Zero Fee Exemption for Certain Manual Facilitations
Manual executions that are Firm Facilitations and Broker Dealer executions facilitating a Customer or Professional Customer will continue to be charged $0.00 per contract even after a Firm or Broker Dealer has reached the $250,000 Monthly Fee Cap. This exception remains in place effective April 15, 2026.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
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, because changes could affect how audits are done and funded.
2026-09742 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule To Adopt a New Fee Code for Market-Maker Complex Orders Executed on the Complex Order Book That Add Liquidity in Penny Program Securities and To Amend Its Orders Submitted With a Designated Give Up Program
Starting May 1, 2026, Cboe BZX Exchange is updating its fees to add a new code for Market-Maker Complex orders that add liquidity in penny stocks. They’re also tweaking rules for orders using a special Give Up program. These changes mainly affect market makers and traders using complex orders, aiming to make fees clearer and trading smoother.
2026-09745 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for May 1, 2026 Through December 31, 2026
Starting May 1, 2026, MEMX is charging industry members a tiny fee of $0.000001 per share to help cover the costs of the Consolidated Audit Trail (CAT) system through the end of the year. This fee supports tracking stock trades better and will show up on invoices starting June 2026. If you’re a broker or part of the trading world, get ready to chip in for smoother market oversight!
2026-09728 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Fees for Industry Members Related to Certain Historical Costs of the National Market System Plan Concerning the Consolidated Audit Trail
MEMX is setting new fees for industry members to cover leftover historical costs from the National Market System’s Consolidated Audit Trail, which tracks stock trades. These fees, called Historical CAT Assessment 1A, will collect about $39 million that wasn’t billed before. The change is effective immediately, so affected members should get ready to pay soon!
2026-09736 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
Nasdaq PHLX is setting new fees for industry members to cover leftover historical costs from the National Market System Plan for the Consolidated Audit Trail. These fees, called Historical CAT Assessment 1A, will collect about $39 million for costs before 2022 that weren’t billed before. The fees start right away and will be charged per share traded, helping keep the audit trail running smoothly.
2026-09734 — Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees Related to Certain Historical Costs of the National Market System Plan Governing the Consolidated Audit Trail
Nasdaq Texas is setting new fees to cover leftover historical costs from the National Market System Plan for the Consolidated Audit Trail. Industry members who trade on the exchange will pay these fees starting soon to help cover about $39 million in past expenses not yet billed. This update keeps the system fair and funded without surprises!
Previous / Next Documents
Previous: 2026-08274 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To List and Trade Shares of the T. Rowe Price Active Crypto ETF Under NYSE Arca Rule 8.201-E (Generic) Commodity-Based Trust Shares
NYSE Arca wants to start trading shares of the new T. Rowe Price Active Crypto ETF, a fund focused on crypto investments. This change affects investors looking for fresh crypto options on the stock exchange and could open up new ways to invest starting soon. The SEC is reviewing the plan and asking for public feedback before giving the green light.
Next: 2026-08276 — Constellation Energy Generation, LLC; Nine Mile Point Nuclear Station, Unit 1; Subsequent License Renewal Application
Constellation Energy wants to keep running the Nine Mile Point Nuclear Station, Unit 1 for 20 more years after its current license ends in 2029. The Nuclear Regulatory Commission is reviewing this request and inviting the public to ask questions or speak up by June 29, 2026. This means the plant could keep providing power safely and reliably for decades, keeping energy flowing and jobs steady.