2026-06157NoticeWallet

NYSE American Adds Index Options Fees: Trading Costs Climb

Published Date: 3/31/2026

Notice

Summary

NYSE American 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. It’s a fresh update to the fee schedule that helps the Exchange handle these new trading products smoothly.

Analyzed Economic Effects

3 provisions identified: 0 benefits, 3 costs, 0 mixed.

New per‑contract fees for EAFE & EM options

If you trade options that overlie the MSCI EAFE Index (MXEA) or MSCI Emerging Markets Index (MXEF), the Exchange adopted per‑contract manual execution fees effective March 16, 2026. Many participant types (Broker‑Dealer, Customer, Firm, Professional Customer, and Non‑NYSE American Options Market Makers) will be charged $0.25 per contract, while NYSE American Options Market Makers, e‑Specialists, and Specialists will be charged $0.45 per contract; some participant types (DOMM, Firm Facilitation) are listed as N/A.

MXEA/MXEF excluded from certain fee caps and marketing programs

The Exchange will exclude MXEA and MXEF transactions from (i) Marketing Charges applicable to Market Makers who are counterparties to an electronic trade with a customer (Footnote 3 and 5 of Section I.A.), (ii) the per‑contract surcharge applied to certain Non‑Customer orders that execute against Customer non‑simple orders, and (iii) the Firm Monthly Fee Cap and the Strategy Execution Fee Cap (Sections I and J). These exclusions apply when trading in MXEA and MXEF begins on March 16, 2026.

Index license surcharge for non‑customer trades

The Exchange adopted an Index License Surcharge of $0.20 per contract for all Non‑Customer transactions in MXEA and MXEF, effective March 16, 2026. The Exchange states this surcharge is intended to recoup licensing costs related to listing and trading these index options.

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Key Dates

Effective Date
Published Date
3/16/2026
3/31/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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