NYSE Arca Lifts Rebate Caps: Brokers Get a Tiny Boost
Published Date: 3/31/2026
Notice
Summary
NYSE Arca is shaking things up for March 2026 by removing the usual limit on certain broker credits and rebates. This means brokers submitting QCC trades and floor brokers getting rebates can earn more without hitting a cap. If you’re trading options on NYSE Arca, this change could boost your earnings for that month!
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
March 2026 Cap Waived for Brokers
If you are a submitting broker or a floor broker, NYSE Arca waived the usual $3,000,000 per-month-per-firm cap on combined Submitting Broker credits for QCC trades and Floor Broker rebates for the month of March 2026. The waiver took effect upon filing (March 17, 2026) and allows firms to receive credits and rebates above $3,000,000 during March 2026.
Waiver Intended to Preserve Order Flow
The Exchange says it waived the cap for March 2026 to discourage firms from redirecting order flow to competing venues. The Exchange states this is intended to keep or increase liquidity on NYSE Arca, which it says would provide more trading opportunities, tighter spreads, and improved price discovery for market participants.
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Key Dates
Department and Agencies
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