Federal Register #SR-NYSEAMER-2026-41

NYSE American LLC Proposes New Fee Schedule for MSCI Index Options Trading

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from NYSE American LLC regarding options trading fees. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - NYSE American LLC (proposing the fee schedule) - Cboe Options (referenced for fee benchmarking) - MSCI (indexes underlying the options: MSCI World Index, MSCI ACWI Index, MSCI USA Index) - Products/Services Requested: - Options trading products for: - MSCI World Index (1/100) (MXWLD) - MSCI ACWI Index (MXACW) - MSCI USA Index (1/100) (MXUSA) - Fee schedule includes: - Per contract transaction fees for manual executions - Rebates for Specialists - Index License Surcharge for certain transactions - Unique/Notable Requirements: - Fee structure is modeled after Cboe Options' current rates - Applies to multiple participant types: Broker-Dealers, Customers, Market Makers, Specialists - Designed to support trading in new MSCI index-based options and enhance market activity - Rule change is effective immediately and public comments are invited

Description

The NYSE American LLC has filed a proposed rule change to amend its options fee schedule to include new fees for trading options on MXWLD, MXACW, and MXUSA. The proposal includes adopting per contract transaction fees for manual executions in these options, largely based on fees currently assessed by Cboe Options. The rule change aims to provide the basis for NYSE American to offer trading opportunities in these options, potentially increasing volume and market robustness. The notice indicates the immediate effectiveness of the rule change and invites public comments.

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