Federal Register #SR-Phlx-2026-33

SEC Notice of Proposed Rule Change by Nasdaq PHLX LLC to Amend Options 7, Section 4

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Nasdaq PHLX LLC regarding its options fee schedule. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq PHLX LLC (as the regulated entity) - OEMs and Vendors: - Nasdaq PHLX LLC - Products/Services Requested: - No products or services are being procured; this is a regulatory action - Notable Requirements: - Increase in Non-Penny Symbol Floor Options Transaction Charge for Lead Market Makers and Market Makers from $0.50 to $1.00 per contract - Revision of the Floor Broker Incentive Program, including a new Floor Broker rebate and adjustment to the Tier 4 rebate - Intended to incentivize Floor Brokers to direct more open outcry orders to the Exchange and promote trading opportunities and competition on the Trading Floor - No procurement activity or contract opportunity is present in this notice

Description

The Securities and Exchange Commission has filed a proposed rule change by Nasdaq PHLX LLC to amend Options 7, Section 4. The proposed changes include increasing the Non-Penny Symbol Floor Options Transaction Charge for Lead Market Makers and Market Makers from $0.50 to $1.00 per contract and amending the Floor Broker Incentive Program to adopt a new Floor Broker rebate and amend the Tier 4 rebate. The changes aim to incentivize Floor Brokers to direct additional open outcry orders to the Exchange and promote trading opportunities and competition on the Trading Floor. The notice is effective immediately upon filing.

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