NYSE American Options Fee Schedule Change: Increase FB Cap to $5.5M, Eliminate FB AON CUBE Rebate and ATP Electronic Rebate
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
NYSE American is increasing the monthly maximum combined Floor Broker credits and rebates (FB Cap) from $4,000,000 to $5,500,000 per Floor Broker firm, effective March 18, 2026. This responds to sustained high open outcry trading volume. The exchange is also eliminating two underutilized incentive programs: the FB AON CUBE Rebate ($0.12 credit on first 5,000 contracts in single-leg or 1,000 per leg in complex AON CUBE auctions, requiring 2,500 ADV) and the ATP Electronic Rebate ($0.10 per contract for Customer Electronic trades meeting specific volume thresholds). These programs are being removed because they have attracted no participants. The changes aim to simplify the fee schedule while continuing to incentivize floor broker activity through the higher cap.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increase FB Cap from $4,000,000 to $5,500,000 per month per Floor Broker firm
- Eliminate FB AON CUBE Rebate offering $0.12 credit on first 5,000 contracts (single-leg) or 1,000 per leg (complex)
- Remove ATP Electronic Rebate of $0.10 per contract for Customer Electronic Simple/Complex executions
+ 3 more changes with Pro
Obligations
What this law requires
Implement the increased FB Cap of $5,500,000 per month per Floor Broker firm, effective March 18, 2026
Remove the FB AON CUBE Rebate ($0.12 credit on first 5,000 contracts in single-leg or 1,000 per leg in complex AON CUBE auctions) from the Fee Schedule effective March 18, 2026
Eliminate the ATP Electronic Rebate ($0.10 per contract for Customer Electronic trades) from the Fee Schedule effective March 18, 2026
Update and publish the modified NYSE American Options Fee Schedule reflecting the FB Cap increase and elimination of the two rebate programs
Notify Floor Broker firms of the increased FB Cap from $4,000,000 to $5,500,000 and its effective date of March 18, 2026