NYSE Arca adds another options fee incentive program tweak
Published Date: 8/6/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 1 costs, 1 mixed.
Market-Maker Posting Credit Added
Starting July 28, 2026, NYSE Arca will add a Market Maker Posting Incentive Program for certain high-volume non-penny options that trade more than 1,000,000 contracts in industry volume on their first day of listing. Market Makers (OTP Holders and OTP Firms acting as Market Makers) can earn an additional credit of $0.40 per contract on posted executions for those "Designated Non-Penny Issues" until the issue is moved to the Penny Interval Program.
Customer LMM Non-Penny Discount Removed
Effective July 28, 2026, NYSE Arca will remove the Customer Against LMM Non-Penny Take Discount. Previously, Customer electronic executions in non-penny issues were charged $0.85 per contract, with a $0.67 per-contract rate ($0.18 discount) available if an OTP Holder or Firm met certain monthly ADV thresholds (15,000 ADV from customer takes or 30,000 combined ADV). That separate discounted pricing against an LMM will be eliminated.
MSCI Options Removed From Certain Tiers
Effective July 28, 2026, NYSE Arca will exclude MSCI-related index options (for example, MXEA, MXEF, MXWLD, MXACW, MXUSA) from a set of existing credit tiers and incentive programs. The exclusion applies to multiple specified tiers and incentive programs (e.g., Non-Customer, Non-Penny Posting Credit Tiers; Customer Incentive Program; Customer Posting Credit Tiers in Non-Penny Issues; Customer Take Fee Discount Tiers, and others).
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Previous / Next Documents
Previous: 2026-15926, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Options Regulatory Fee (ORF)
Next: 2026-15928, Self-Regulatory Organizations; The Options Clearing Corporation; Order Approving Proposed Rule Change by The Options Clearing Corporation To Amend Its System for Theoretical Analysis and Numerical Simulation Methodology Description To Incorporate Options Implied Interest Rates as an Additional Source of Interest Rates Inputs for Constructing the Interest Rate Discount Curve Used in Options Pricing
The Options Clearing Corporation (OCC) is updating how it calculates interest rates for pricing options by adding a new way to estimate rates using options themselves. This change helps OCC better manage risks and keep the market safe for everyone trading options. The update starts soon and won’t cost traders extra but aims to make pricing smarter and more accurate.