Rather, the proposal is designed encourage OTP Holders to utilize the Exchange as a primary trading venue for Strategy Executions (if they have not done so previously) or increase volume sent to the Exchange. If you are using public inspection listings for legal research, you As noted above, the current Strategy Cap limits or caps at $700 transaction fees for options Strategy Executions “on Start Printed Page 14717the same trading day in the same option class” and further caps such fees at $25,000 per month.[8]. D1 $1.25 Directed ISO to NOM, ARCA, ISE Gemini, Non-Penny D2 $0.95 Directed ISO to BX Options (Non -Customer), Non-Penny D3 $0.95 Directed ISO to C2, PHLX (Non-Customer) documents in the last year, 27 The Exchange believes that the proposed Strategy Cap would incent market participants to direct their Strategy Execution volume to the Exchange. Market makers that achieve specific thresholds for posted, executed volume in penny pilot issues will receive additional credits. from 29 agencies. are not part of the published document itself. 5. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”). 2020-05105 Filed 3-12-20; 8:45 am], updated on 5:15 PM on Friday, January 22, 2021, 43 documents If the Commission takes such action, the Commission shall institute proceedings under Section 19(b)(2)(B) [23] Reload document | Open in new tab Open in new tab These can be useful documents in the last year, 1477 Thus, OTP Holders have a choice of where they direct their order flow—including their Strategy Executions. Information about this document as published in the Federal Register. [3] on NARA's archives.gov. Therefore, no exchange possesses significant pricing power in the execution of multiply-listed equity & ETF options order flow. Cheapest Option Trading. The proposal is designed to encourage OTP Holders to send all Strategy Executions to the Exchange regardless of size or type. Submit Comments on SR-NYSEArca-2021-06. Register documents. For example, per the current Fee Schedule, an OTP Holder that executes the following Strategy Executions on the same trading day would be charged as follows: The total fees for these Strategy Executions under the current Fee Schedule would be $1,800. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. offers a preview of documents scheduled to appear in the next day's The Exchange believes the proposed rule change is an equitable allocation of its fees and credits. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. The retail online $0 commission does not apply to Over-the-Counter (OTC), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, futures, or fixed income investments. 86917 (September 10, 2019), 84 FR 48672 (September 16, 2019) (SR-NYSEAMER-2019-36); NYSE American Options fee schedule, Section I.J., Strategy Execution Fee Cap (excluding QCC transactions from the cap). The Exchange proposes to amend the NYSE Arca Options Fees and Charges (the “Options Fee Schedule”) and the NYSE Arca Equities Fees and Charges (the “Equities Fee Schedule” and, together with the Options Fee Schedule, the “Fee Schedules”) related to co-location services to amend the Partial Cabinet Solution bundles. NYSE Arca Fee Schedule. [19] We invite you to try out our new beta eCFR site at https://ecfr.federalregister.gov. Therefore, no exchange possesses significant pricing power in the execution of multiply-listed equity & ETF options order flow. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Modifying the NYSE Arca Options Fee Schedule Regarding Pricing Incentives for Certain Posted Volume May 14, 2020. ... NYSE Arca Options. ARCA Menards SeriesARCA Menards Series EastARCA Menards Series WestSioux Chief Showdown ARCA Menards Series 2021 SCHEDULE & RESULTS Schedule – ARCA Menards Series Race Date Pole Winner Race Day Links Preseason Test Daytona International Speedway January 15 - 16 POLE -- WINNER -- ResultsPhotos Lucas Oil 200 Driven by General Tire Daytona International Speedway February 13 … the current document as it appeared on Public Inspection on corresponding official PDF file on govinfo.gov. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change, The Proposed Rule Change Is an Equitable Allocation of Credits and Fees, The Proposed Rule Change Is Not Unfairly Discriminatory, B. The purpose of this filing is to amend the Fee Schedule to modify the Limit of Fees on Options Strategy Executions (“Strategy Cap”), as set forth below. NYSE Arca Options will reduce the liquidity take rate for all market participants in penny pilot issues and will provide a higher rebate for active liquidity providers. on For NYSE-listed (Tape A) securities, the new NYSE Arca equities fee schedule introduces an increased rebate of $0.0028 per share for orders that provide liquidity if the liquidity provider transacts an average daily share of providing volume per month greater than 30 million on NYSE Arca. Stated otherwise, changes to exchange transaction fees can have a direct effect on the ability of an exchange to compete for order flow. Combining the high performance of NYSE Pillar technology with a taker/maker fee schedule. Fee code D will be yielded if an SWPA routing strategy removes liquidity from NYSE. II. Interactive Brokers' commission schedules for stocks, options, futures, futures options, SSFs, EFPs, spot currencies, metals, fixed income and Mutual Funds, as well as Trade Desk fees. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule To Change the Monthly Cost for Option Trading Permits. At any time within 60 days of the filing of such proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. Moreover, the proposal is designed to encourage OTP Holders to aggregate all Strategy Executions at the Exchange as a primary execution venue. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule Regarding the Applicable Lead Market Maker Rights Fee for Low-Volume Issues. developer tools pages. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule… In addition, given the proposal to cap an OTP Holder's fee for all Strategy Executions in a given trading day at $1,000, the Exchange proposed to eliminate the $25,000 per month Strategy Cap as unnecessary. II. All comments received will be posted without change. Document page views are updated periodically throughout the day and are cumulative counts for this document. The Exchange cannot predict with certainty whether any OTP Holders would avail themselves of this proposed fee change. Submit Comments on SR-NYSEArca-2021-06. See also BOX Options Market LLC (“BOX”) fee schedule, Section II.D (Strategy QOO Order Fee Cap and Rebate). Standard Executions 5 Electronic Executions in Penny Pilot Issues [and Foreign Currency Options] Order Type Register, and does not replace the official print version or the official Finally, the Exchange believes that it is subject to significant competitive forces, as described below in the Exchange's statement regarding the burden on competition. Not only do we offer incredibly low fees, but we also have some of the lowest option commissions on the market. 14. 01/22/2021, 872 The Exchange believes it is not unfairly discriminatory to modify the Strategy Cap because the proposed modification would be available to all similarly-situated market participants on an equal and non-discriminatory basis. NYSE Arca Options will provide additional incentives to NYSE Arca market makers for posting immediate or ultimately executed liquidity. Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic A Notice by the Securities and Exchange Commission on 03/13/2020. Only official editions of the Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the NYSE Arca Options Fee Schedule Regarding the Limits on Fees for Options Strategy Executions Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5. Based on publicly-available information, and excluding index-based options, no single exchange has more than 16% of the market share of executed volume of multiply-listed equity and ETF options trades. You also have the option to … JOX deploys Trayport’s exchange trading system, Citi launches futures algo trading platform, Janus Henderson adopts BNY Mellon data management platform, Brazil’s B3 overtakes CME Group in rankings for largest derivatives exchange, Rethinking equities at Cantor Fitzgerald Europe, LSEG to complete $27 billion Refinitiv acquisition on 29 January, State Street launches FX sales and trading desk in Brazil under emerging markets expansion, Leaders in Trading: The Digital Experience (LiTDX). 7. should verify the contents of the documents against a final, official Pursuant to Section 19(b)(1)1 of … 01/22/2021, 153 documents in the last year, 29 The documents posted on this site are XML renditions of published Federal In Regulation NMS, the Commission highlighted the importance of market forces in determining prices and SRO revenues and, also, recognized that current regulation of the market system “has been remarkably successful in promoting market competition in its broader forms that are most important to investors and listed companies.” [14], There are currently 16 registered options exchanges competing for order flow. The Public Inspection page may also Thus, OTP Holders have a choice of where they direct their order flow. Lead Market Maker Rights2. The Exchange proposes to amend the NYSE Arca Options Fee Schedule (“Fee Schedule”) regarding the Floor Broker Prepayment Program. from 23 agencies, updated on 8:45 AM on Friday, January 22, 2021, 82 documents A "Subscriber" is an entity or a person that has the right to use information disseminated by OPRA "internally," i.e., within the Subscriber's organization (if the Subscriber is an entity) or himself or herself (if the Subscriber is … 51808 (June 9, 2005), 70 FR 37496, 37499 (June 29, 2005) (S7-10-04) (“Reg NMS Adopting Release”). The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”) regarding pricing incentives for certain posted volume. For complete information about, and access to, our official publications electronic version on GPO’s govinfo.gov. This repetition of headings to form internal navigation links To the extent that the proposed change attracts more Strategy Executions to the Exchange, this increased order flow would continue to make the Exchange a more competitive venue for, among other things, order execution. of the issuing agency. See e.g., Fee Schedule, NYSE Arca OPTIONS: TRADE-RELATED CHARGES FOR STANDARD OPTIONS, FIRM AND BROKER DEALER MONTHLY FEE CAP (including in monthly cap any “QCC transactions executed by a Floor Broker from the Floor of the Exchange”) and QUALIFIED CONTINGENT CROSS (“QCC”) TRANSACTION FEES AND CREDITS (providing a per contract credit for QCCs executed by Floor Brokers). All Rights Reserved. The proposal is based on the amount and type of business transacted on the Exchange and OTP Holders are not obligated to try to achieve the Strategy Cap. Federal Register issue. The text of the proposed rule change is available on the Exchange's Web site at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. Fee Code Fee/(Rebate) Description D1 $1.25 Directed ISO to NOM, ARCA, ISE Gemini, Non-Penny D2 $0.95 Directed ISO to BX Options (Non -Customer), Non-Penny D3 $0.95 Directed ISO to C2, PHLX (Non-Customer) D4 $0.85 Directed ISO (unless otherwise specified) XB FREE AIM Customer-to-Customer Immediate Cross, XSP XC FREE Customer, XSP Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. The proposed rule change is available on the Exchange's Web site at www.nyse.com , at the principal office of the Exchange, and at the Commission's Public Reference Room. 20. NYSE Euronext has changed its transaction pricing for NYSE Arca Equities and NYSE Arca Options. In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. thereunder, because it establishes a due, fee, or other charge imposed by the Exchange. "Options Customer Remove OCV" for purposes of equities pricing means ADV resulting from Customer orders that remove liquidity as a percentage of OCV, using the definitions of ADV, Customer and OCV as provided under the Exchange's fee schedule for BZX Options. Until the ACFR grants it official status, the XML Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule Regarding the Applicable Lead Market Maker Rights Fee for Low-Volume Issues. 3. In the backdrop of the competitive environment in which the Exchange operates, the proposed rule change is a reasonable attempt by the Exchange to increase the depth of its market and improve its market share relative to its competitors. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule Relating to Lead Market Maker Rights Fees… NASDAQ ITCH-to-Trade Options (ITTO) Historical ITTO; Best of NASDAQ Options (BONO) NOTO; PHLX. Shares Executed At or Above $1.00 (Per Share Executed) Federal Register. The Exchange also proposes to exclude from the cap any qualifying Strategy Execution executed as a QCC order, as QCC transactions for Non-Customers are eligible for other Fee Cap programs, and eligible for credits for a Floor Broker executing a QCC (see infra note 10). See Securities Exchange Act Release No. This site displays a prototype of a “Web 2.0” version of the daily 18. Active traders who want the cheapest option trading make Lightspeed Trader their online broker of choice. Pricing remains unchanged on the New York Stock Exchange (NYSE) in NYSE-listed securities (Tape A) and for trading in all Tape B securities (including ETFs). Transaction Fees and Credits). These tools are designed to help you understand the official document In such an environment, the Exchange must continually adjust its fees to remain competitive with other exchanges and to attract order flow to the Exchange. Intermarket Competition. notice is hereby given that on March 2, 2020, NYSE Arca, Inc. (“NYSE Arca” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization. Document Drafting Handbook daily Federal Register on FederalRegister.gov will remain an unofficial NYSE Arca Options will reduce the liquidity “take” rate for all market participants in penny pilot issues and will provide a higher rebate for active liquidity providers. Be sure to leave feedback using the 'Feedback' button on the bottom right of each page! The Exchange notes that QCC transactions for Non-Customers are eligible for other Fee Cap programs, and eligible for credits for a Floor Broker executing a QCC.[10]. Reserved. legal research should verify their results against an official edition of Regulation Resources. documents in the last year, 785 To help the Commission process and review your comments more efficiently, please use only one method. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change, II. Based on OCC data, see supra note 8, in 2019, the Exchange's market share in equity-based options was 9.57% for the month of January 2019 and 9.59% for the month of January 2020. Therefore, no exchange possesses significant pricing power in the execution of multiply-listed equity & ETF options order flow. Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the NYSE Arca Options Fee Schedule Regarding the Limits on Fees for Options Strategy Executions Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5. More specifically, in the fourth quarter of 2019, the Exchange had less than 10% market share of executed volume of multiply-listed equity & ETF options trades.[7]. The fee or rebate for adding non-displayed liquidity does not apply to the Reserve Quantity of an order or an order with a Discretionary Range instruction. More specifically, in the fourth quarter of 2019, the Exchange had less than 10% market share of executed volume of multiply-listed equity & ETF options trades.[16]. Maker-taker fees, also known as payment for order flow, provides liquidity providers with rebates for participating in markets. 17. We’ve made big changes to make the eCFR easier to use. documents in the last year, 654 The Exchange proposes to modify the NYSE Arca Options Fee Schedule (the ``Fee Schedule'') to establish fees for mini-options contracts (``Minis''). $0.0029 per share (fee) for orders, including Limit Non-Displayed Orders, that take liquidity from the Book $0.0010 per share (fee) for Market, Market-On-Close, Limit-On-Close, and Auction-Only Orders executed in a Closing Auction in NYSE Arca primary listed securities (includes all … The Commission will post all comments on the Commission's internet website (http://www.sec.gov/​rules/​sro.shtml). Repricing Orders and Quotes FAQ » Technology FAQs » Pre- and Post-Trade Risk Controls » See the risk controls employed in the NYSE American Options and NYSE Arca Options … The resulting increased volume and liquidity would provide more trading opportunities and tighter spreads to all market participants and thus would promote just and equitable principles of trade, remove impediments to and perfect the mechanism of a free and open market and a national market system and, in general, to protect investors and the public interest. Self-Regulatory Organization's Statement on Burden on Competition, C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others, III. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule… Fee Code Description Fee/(Rebate) Securities at or above $1.00 Fee/(Rebate) Securities below $1.00; 10: Routed to NYSE Arca, adds liquidity (Tape B) (0.00220) Interested persons are invited to submit written data, views, and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. The Exchange operates in a highly competitive market in which market Start Printed Page 14719participants can readily favor one of the 16 competing option exchanges if they deem fee levels at a particular venue to be excessive. The Exchange believes that the proposed change could promote competition between the Exchange and other execution venues, including those that currently offer similar Strategy Caps, by encouraging additional orders to be sent to the Exchange for execution. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule to Change the Monthly Fees for Option Trading Permits and Raise the Fee Cap that Applies to Certain Firm and Broker Dealer Open Outcry Executions, 34681-34683 [2013-13638] documents in the last year, 104 Taking too long? New Documents regulatory information on FederalRegister.gov with the objective of NYSE Arca Options Fees and Charges Effective Date: January 4, 2021 NYSE Arca GENERAL OPTIONS and TRADING PERMIT (OTP) FEES. Active traders who want the cheapest option trading make Lightspeed Trader their online broker of choice. Each document posted on the site includes a link to the 9. 01/22/2021, 377 See e.g., NYSE American Options fee schedule, Section I.J., Strategy Execution Fee Cap (providing that “Any qualifying Strategy Execution executed as a QCC order will not be eligible for this fee cap”). The OCC publishes options and futures volume in a variety of formats, including daily and monthly volume by exchange, available here: https://www.theocc.com/​market-data/​volume/​default.jsp. PHLX Depth of Market; PHLX Orders; Top of PHLX Options (TOPO) TOPO Plus Orders; PHLX Options Trade Outline (PHOTO) Historical PHLX Orders; BX Options. The proposed change is designed to attract additional order flow (particularly Strategy Executions) to the Exchange. for better understanding how a document is structured but of the Act and subparagraph (f)(2) of Rule 19b-4 [22] The Exchange believes that the proposed Strategy Cap would encourage OTP Holders to execute more Strategy Executions, particularly those that would not individually qualify for inclusion in the Cap because of the current per-symbol limitation, as such strategies would become more economically feasible (and thus more attractive), when combined under the proposed Cap with all of an OTP Holder's Strategy Executions on the same trading day. The Exchange notes that all market participants stand to benefit from increased volume, which promotes market depth, facilitates tighter spreads and enhances price discovery, and may lead to a corresponding increase in order flow from other market participants. The President of the United States manages the operations of the Executive branch of Government through Executive orders. Specifically, as proposed, the daily Strategy Cap on transaction fees for options Strategy Executions would be changed from $700 to $1,000 and would apply to all Strategy Executions by an OTP Holder on the same trading day (regardless of option class/symbol). NYSE Arca Options Fee Schedule for 1-4-21. Based on publicly-available information, and excluding index-based options, no single exchange has more than 16% of the market share of executed volume of multiply-listed equity and ETF options trades. As a result, the Exchange believes that the proposed change furthers the Commission's goal in adopting Regulation NMS of fostering integrated competition among orders, which promotes “more efficient pricing of individual stocks for all types of orders, large and small.” [18]. Please contact the Trade Desk or your Business Development contact for support or with any questions. NYSE Arca (PSE) Options Fees. The proposed change is substantially identical to a change made by NYSE American Options in September 2019 wherein that exchange increased its Strategy Execution Cap from $750 (not $700, as here) to $1,000 and applied cap to all Strategy Executions by a given ATP Holder on the same trading day and to eliminate the $25,000 monthly Strategy Cap. Comments may be submitted by any of the following methods: All submissions should refer to File Number SR-NYSEArca-2020-18. provide legal notice to the public or judicial notice to the courts. Learn more here. edition of the Federal Register. the material on FederalRegister.gov is accurately displayed, consistent with See Reg NMS Adopting Release, supra note 6, at 37499. Based on OCC data, see id., the Exchange's market share in equity-based options was 9.57% for the month of January 2019 and 9.59% for the month of January 2020. [FR Doc. The Exchange proposes to amend the NYSE Arca Options Fees and Charges (the “Options Fee Schedule”) and the NYSE Arca Equities Fees and Charges (the “Equities Fee Schedule” and, together with the Options Fee Schedule, the “Fee Schedules”) related to co-location services to amend the Partial Cabinet Solution bundles. The Exchange proposes to implement the fee change effective July 11, 2019. Use the PDF linked in the document sidebar for the official electronic format. The Exchange proposes to implement the fee change effective August 1, 2016. In Regulation NMS, the Commission highlighted the importance of market forces in determining prices and SRO revenues and, also, recognized that current regulation of the market system “has been remarkably successful in promoting market competition in its broader forms that are most important to investors and listed companies.” [5], There are currently 16 registered options exchanges competing for order flow. The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”). NYSE Securities with Remote DMM. Free: G: Routed to NYSE Arca (Tapes A or C) 0.00300 0.30% of Dollar Value: HA: Non-displayed order, adds liquidity (0.00100) ... using the definition of Customer as provided under the Exchange’s fee schedule for EDGX Options. See Reg NMS Adopting Release, supra note 6, at 37499. Register (ACFR) issues a regulation granting it official legal status. The Exchange believes that the ever-shifting market share among the exchanges from month to month demonstrates that market participants can shift order flow or discontinue or reduce use of certain categories of products, in response to fee changes. The new NYSE Arca fee schedules, which have been filed with the US Securities and Exchange Commission (SEC), will be effective from 1 April 2008. See supra note 12 (regarding the substantially identical change to the NYSE American Fee Schedule, which also excludes QCC transactions from the cap, and the $1,000 cap on strategy executions in place on and BOX). [11] In accordance with Section 6(b)(8) of the Act, the Exchange does not believe that the proposed rule change would impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. The Exchange's fees are constrained by intermarket competition, as OTP Holders may direct their order flow to any of the 16 options exchanges, including those with similar Strategy Fee Caps. To subscribe to our mailing list to receive MIAX alerts and notices, please complete the form below. Thus, although the amount of the Cap would be increased, the number of eligible Strategy Executions would also be increased, making it easier to meet the Strategy Cap. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule… The President of the United States communicates information on holidays, commemorations, special observances, trade, and policy through Proclamations. This file number should be included on the subject line if email is used. Not only do we offer incredibly low fees, but we also have some of the lowest option commissions on the market. Late Fees: If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. The Exchange proposes to modify the Strategy Cap by eliminating the requirement that Strategy Executions on the same trading day all be in the same symbol for inclusion in the Cap. See proposed Fee Schedule, NYSE Arca GENERAL OPTIONS and TRADING PERMIT (OTP) FEES, Regulatory Fees, Options Regulatory Fee. 6. The proposed rule change is available on the Exchange's website at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. In connection with this change, the Exchange proposes to eliminate the $25,000 monthly Strategy Cap. The proposed rule change is available on the Exchange’s website at www.nyse.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room. The Exchange proposes to implement the fee change effective March 2, 2020. 552, will be available for website viewing and printing in the Commission's Public Reference Room, 100 F Street NE, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. The new NYSE Arca fee schedules, which have been filed with the U.S. Securities and Exchange Commission (SEC), will be effective April 1, 2008. The retail online $0 commission does not apply to Over-the-Counter (OTC), foreign stock transactions, large block transactions requiring special handling, transaction-fee mutual funds, futures, or fixed income investments. Under the proposed Strategy Cap, the same trades would be billed as follows: The total fees for these Strategy Executions under the proposed Fee Schedule would be $1,000. documents in the last year, 72 The proposed rule change is available on the Exchange's website at www.nyse.com, at the principal office of the Exchange, and at the Commission's Public Reference Room. Vendors pay fees to OPRA determined in accordance with OPRA's Fee Schedule. Effective Date: April NYSE Arca GENERAL OPTIONS and TRADING PERMIT (OTP) FEES [January] 1, 2011 * * * * * NYSE Arca OPTIONS: TRADE-RELATED CHARGES . Thus, the Exchange cannot predict with any certainty the number of OTP Holders that may qualify for the modified Strategy Cap, but believes that OTP Holders would be encouraged to take advantage of the modified Cap. Included on the ability of an Exchange to compete for order flow, provides liquidity providers rebates. The Division of Trading and markets, pursuant to delegated authority.24, Regulatory fees, Options Regulatory Fee tools designed. Of Federal Register issue 17 ] Thus, OTP Holders to aggregate Strategy. Day'S Federal Register 's closing processes but we also have some of the following methods all. Nyse claims it continues to offer the most attractive take Fee in securities. With any questions this table of contents is a navigational tool, processed from the headings within the legal of! Bx Options Top of market ; First North ; Symbol Directory better understanding how a is., securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090 its for. Trading and markets, pursuant to delegated authority.24 share executed ) NYSE Arca & BZX 's closing processes intervention. ' button on the ability of an Exchange to compete for order flow legal... S Exchange Trading system but are not part of the United States communicates information on holidays, commemorations special... Your comments more efficiently, please use only one method more efficiently, complete. Modify the NYSE Arca Equities and NYSE Arca Options Fee Schedule ( “ Schedule. Products, and services in the next day's Federal Register provide legal notice to Exchange! Pdf file on govinfo.gov developer tools pages active traders who meet a threshold! And services in the execution of multiply-listed equity & ETF Options order flow, provides liquidity providers with rebates participating. ; Nordic market ; bx Options Depth of market ; First North ; Directory! To file Number should be submitted by any of the daily Federal.... Business Development contact for support or with any questions the published document.! Incredibly low fees, rules, calendars, forms and order types for our markets appeared on Public page. Is publishing this notice to solicit comments on the Commission 's internet website (:. 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