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 Waive the Combined Cap on Floor Broker Credits Paid for QCC Trades and Rebates Paid Through the Manual Billable Rebate Program for the Months of January and February 2026
Published Date: 1/30/2026
Notice
Summary
NYSE American is giving floor brokers a sweet deal by waiving the usual cap on credits and rebates for QCC trades in January and February 2026. This means brokers can earn more without hitting a limit during these two months. If you’re a floor broker or involved in these trades, get ready for some extra savings early next year!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Waiver of $4,000,000 Monthly Cap
If you are a Floor Broker firm, NYSE American will waive the monthly combined cap (previously set at $4,000,000) on Floor Broker credits for QCC trades and rebates through the Manual Billable Rebate Program for January and February 2026. That means a Floor Broker firm can receive credits and rebates above the $4,000,000 monthly limit during those two months.
Expected Liquidity and Tighter Spreads
NYSE American says the waiver for January and February 2026 is intended to keep Floor Brokers directing order flow to the Exchange, which the Exchange states would increase liquidity and provide more trading opportunities and tighter spreads for market participants during that period.
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