NYSE American Shuffles Options Fees: MSCI Out, CUBE Credits In
Published Date: 8/7/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
MSCI Options Removed From Fee Discounts
Starting July 28, 2026, the Exchange will exclude MSCI index options (MSCI EAFE (MXEA), MSCI Emerging Markets (MXEF), MSCI World (MXWLD), MSCI ACWI (MXACW), MSCI USA (MXUSA)) from several tier discounts and incentive programs. The exclusions include (among others) the $0.12→$0.10 per-contract surcharge reduction tied to achieving at least 0.20% of TCADV, a $0.80 per-contract Non-Penny Professional rate tied to certain ACE tiers, per-contract ACE credits, certain CUBE auction initiating participant credits/rebates, Professional Volume Incentive benefits, and BOLD mechanism ACE credits.
New $0.60 CUBE Break-Up Credit
Effective July 28, 2026, the Exchange will add a $0.60 per-contract break-up credit across all Customer Best Execution (CUBE) auctions for MSCI index options to address a billing system limitation. The $0.60 credit is aligned with existing multi-list non-penny break-up credits that range from $0.50 to $0.75.
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Next: 2026-16101, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule To Amend the Manual Billable Rebate Program and Add a Credit Under the Firm Monthly Fee Cap
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