NYSE Tweaks Minor Risk Rule for Options Traders
Published Date: 5/28/2026
Notice
Summary
NYSE American is giving its traders more freedom to decide how their trades count toward risk limits. This change helps ATP Holders, including market makers, manage their trading risks better and starts right away with no extra fees. If you trade on NYSE American, this update could make your trading smoother and smarter.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
Counterparty Weighting Up To 200%
If you are an Entering Firm (an ATP Holder, including Market Makers), you may now choose to count trades toward your Activity-Based Risk Controls on a counterparty class basis and apply a weight of up to 200% to those trades. This weighting can be set for Transaction, Volume, and Percentage limits and may be applied differently for Customer, Professional Customer, Broker, Market Maker, Away Market Maker, or Firm counterparty classes.
Market Makers Must Use Risk Controls
Market Makers acting as Entering Firms are required to apply one of the Activity-Based Risk Controls to all of their orders and quotes. Other Entering Firms may choose to apply an Activity-Based Risk Control but are not required to do so.
Choose How Breaches Are Handled
When an Entering Firm sets an Activity-Based Risk Control, it may specify how the Exchange should act if a limit is breached: (i) notification only, (ii) block new orders (while allowing cancels), or (iii) cancel unexecuted orders and block new orders. Firms can select which response the Exchange will take for their accounts.
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