Federal Register #SR-NYSEAMER-2026-23

Proposed Fee Schedule Changes for MSCI Index Options on NYSE American

This notice details a proposed rule change by NYSE American LLC regarding options trading fees for MSCI index options, as published by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors Mentioned: - NYSE American LLC (exchange operator) - MSCI Inc. (index provider) - Cboe Options and Cboe EDGX Exchange (referenced for comparative fee structures and services) - Products/Services Requested: - Adoption of a $0.25 per contract transaction fee for manual executions in options on the MSCI EAFE Index (MXEA) and MSCI Emerging Markets Index (MXEF) - $0.20 per contract Index License Surcharge for all non-customer transactions in these options - Optional Clock Service by Cboe EDGX Exchange for time synchronization of trading systems (not a procurement, but referenced as a related market service) - Unique or Notable Requirements: - Fee structure is designed to align with Cboe Options' current fees for similar index options - The Index License Surcharge is intended to cover licensing costs for the use of MSCI indexes - The rule change aims to enhance market competitiveness and encourage trading activity in these options - No procurement of physical products or traditional services; this is a regulatory notice about fee schedule changes for options trading

Description

The Securities and Exchange Commission has received a proposed rule change from NYSE American LLC to amend its Options Fee Schedule. The amendment adopts fees for trading options overlying the MSCI EAFE Index and the MSCI Emerging Markets Index, effective March 16, 2026. The proposal aligns fees with those currently assessed by Cboe Options and includes an index license surcharge to cover licensing costs. The change aims to encourage trading activity and maintain competitive fee structures.

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