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.
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