NYSE American Tweaks Manual Options Fees Without Fanfare
Published Date: 6/4/2026
Notice
Summary
Starting now, NYSE American is changing the fees and rebates for manual options trades. Market Makers will see updated fees on non-Penny stocks, and Floor Brokers will get new rebates when they trade with Market Makers on the floor. These changes affect anyone trading options manually and take effect immediately, aiming to keep things fair and smooth.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Market Maker Manual Fee Doubles
If you are a Market Maker (e-Specialist, Market Maker, or Specialist), the Exchange raised the fee for Manual transactions in non-Penny issues from $0.50 per contract to $1.00 per contract, effective May 19, 2026. This increases the per-contract cost for manual options executions on the NYSE American Trading Floor.
Floor Brokers Earn $0.20 Rebate
If you are a Floor Broker, the Exchange will pay a $0.20 per contract rebate when your Floor Broker order trades with a Market Maker order on the Trading Floor, effective May 19, 2026. For Floor Brokers in the FB Prepay Program, this $0.20 rebate applies instead of any rebates from the Manual Billable Rebate Program.
Manual Options Traders Affected Immediately
If you trade options manually (i.e., participate in Manual transactions on the NYSE American Trading Floor), these fee schedule changes take effect May 19, 2026: Market Makers now pay $1.00 per contract for Manual non-Penny transactions (up from $0.50), and Floor Brokers receive a $0.20 per contract rebate when trading with Market Makers. These changes apply to Manual transactions on the NYSE American Trading Floor.
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
2026-10373 — 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!
2026-11144 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change To Enhance NSCC's Clearing Fund Methodology
The National Securities Clearing Corporation (NSCC) wants to improve how it handles risks from exchange-traded products (ETPs) by updating its Clearing Fund rules. This change affects NSCC members who trade these products and aims to keep the system safer and stronger. The new rules could impact how much money members need to put into the fund, with the proposal open for public comments starting June 2026.
2026-11208 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 203-2 & Form ADV-W
The SEC is asking to keep the rules that require investment advisers to tell them when they stop being registered by filing Form ADV-W. This affects all advisers registered or applying with the SEC and takes about 15 to 45 minutes to complete. No big changes or costs, just a smooth extension to keep things running on time.
2026-11209 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c3-1
The SEC is asking to keep the rules that make sure brokers have enough money to pay their customers. This affects all brokers and dealers, who spend lots of time and money following these rules. You can share your thoughts by July 6, 2026, before the rules get extended without changes.
Previous / Next Documents
Previous: 2026-11139 — TNW Corporation-Continuance in Control Exemption-Northeast Texas Railway Company
TNW Corporation is keeping control of Northeast Texas Railway Company as it becomes a new Class III rail carrier, taking over a 65.59-mile rail line in Texas. This change starts June 18, 2026, and won’t cost extra or affect big railroads or workers’ job protections. It’s a smooth switch that keeps local trains running without a hitch!
Next: 2026-11142 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Provide for a Momentary Handoff, Upon the Exchange Commencing Trading of NMS Stocks and Exchange Traded Products
Nasdaq is updating its rules to create a quick handoff between its Day and Night trading sessions for stocks and exchange-traded products. This change helps keep trading smooth and steady during the switch, happening 23 hours a day, five days a week. Traders and investors can expect seamless transitions with no extra costs or delays starting right away.