NYSE Arca Sets Fees for MSCI Index Options Trading
Published Date: 3/9/2026
Notice
Summary
NYSE Arca is adding new fees for trading options based on the MSCI EAFE and MSCI Emerging Markets Indexes. This change affects traders who want to buy or sell these specific options and takes effect immediately. Expect clear, updated costs when trading these global market options starting now!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Exclusion From Fee Caps and Incentive Programs
Transactions in MXEA and MXEF are excluded from certain NYSE Arca fee programs: the Firm and Broker Dealer Monthly Fee Cap, the Limit of Fees on Options Strategy Executions, and the FB Prepay Program will not apply to these transactions. The Exchange also proposes related exclusions from other incentive and rebate program calculations and from certain categorizations in Endnotes 7 and 18, effective February 25, 2026.
Per‑Contract Manual Execution Fees
If you trade options that overlie the MSCI EAFE (MXEA) or MSCI Emerging Markets (MXEF) Index on NYSE Arca, manual executions are charged per contract: $0.45 for LMMs and NYSE Arca Market Makers, and $0.25 per contract for Firms, Broker-Dealers, Professional Customers, and Customers. These fees take effect on February 25, 2026, when trading in MXEA and MXEF begins on the Exchange.
Index License Surcharge for Non-Customers
NYSE Arca will assess an Index License Surcharge of $0.20 per contract on all Non-Customer transactions in MXEA and MXEF. The surcharge applies to Non-Customer trades in these options beginning February 25, 2026.
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Key Dates
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