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.
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
2026-12163 — 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!
2026-14200 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule for Trading on the BOX Options Market LLC Facility To Establish the ORF Rate Under the New Methodology for Assessment and Collection of the ORF
Starting July 2, 2026, BOX Exchange is changing how it charges the Options Regulatory Fee (ORF) for trades on its platform. Traders using BOX will see the ORF calculated with a new method, which could affect how much they pay. This update aims to keep fees fair and clear for everyone involved.
2026-14201 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend its Rules To Permit the Listing of Binary Options Overlying Key Performance Indicators (“KPIs”) Reported by Certain Issuers of Stock (“Binary KPI Options”)
Cboe Exchange wants to let people trade new binary options based on key performance indicators (KPIs) reported by some companies. This change affects investors who like quick, yes-or-no bets on company performance and could open fresh ways to invest starting soon after approval. It’s a cool new twist that might shake up how folks bet on business success!
Previous / Next Documents
Previous: 2026-10537 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Nasdaq Bitcoin Index Options
Nasdaq PHLX is getting the green light to list and trade options based on the Nasdaq Bitcoin Index, letting investors bet on Bitcoin’s price moves in a new way. This change affects traders and investors eager to explore Bitcoin options, with the approval speeding up the launch timeline. Expect fresh opportunities to trade these options soon, potentially shaking up the market and your portfolio!
Next: 2026-10540 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Chapter 8 of the Exchange's Rulebook Relating To Investigative and Disciplinary Matters
Cboe EDGA Exchange just updated its rulebook to make how they investigate and handle rule-breaking clearer and smoother. This change affects traders and firms on the exchange by improving fairness and speeding up disciplinary actions. The new rules took effect right after filing on May 13, 2026, with no extra costs involved.