Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 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. Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. About the Federal Register Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All Rights Reserved. Therefore, no exchange possesses significant pricing power in the execution of multiply-listed equity & ETF options order flow. Standard Executions 5 Electronic Executions in Penny Pilot Issues [and Foreign Currency Options] Order Type [17] II. 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. This PDF is All submissions should refer to File Number SR-NYSEArca-2020-18, and should be submitted on or before April 3, 2020. Notice of Withdrawal of Proposed Rule Change to Amend the NYSE Arca Options Fee Schedule to Revise the Options Regulatory Fee: Third Quarter: SR-NYSEArca-2019-67: 34-87153: Sep. 30, 2019: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pilot Period for the Exchange Retail Liquidity Program until October 31, 2019 Federal Register. 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. The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). 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. Vendors pay fees to OPRA determined in accordance with OPRA's Fee Schedule. Combining the high performance of NYSE Pillar technology with a taker/maker fee schedule. To subscribe to our mailing list to receive MIAX alerts and notices, please complete the form below. The Exchange proposes to modify the NYSE Arca Options Fee Schedule (the ``Fee Schedule'') to establish fees for mini-options contracts (``Minis''). are not part of the published document itself. The Public Inspection page Lead Market Maker Rights2. |Open in new tab Download File [392.67 KB] Membership; About; Fees; Technology; Regulatory; Circulars All comments received will be posted without change. 01/22/2021, 196 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). documents in the last year, 104 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. The Exchange proposes to implement the fee change effective July 11, 2019. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.24. 3. 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. The Exchange proposes to amend the NYSE Arca Options Fee Schedule (“Fee Schedule”) relating to the MM FAANG Credit. 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). Each document posted on the site includes a link to the 11. 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'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. The President of the United States manages the operations of the Executive branch of Government through Executive orders. 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… Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. This feature is not available for this document. 01/22/2021, 153 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. 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. 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. the current document as it appeared on Public Inspection on on We invite you to try out our new beta eCFR site at https://ecfr.federalregister.gov. Moreover, the proposal is designed to encourage OTP Holders to aggregate all Strategy Executions at the Exchange as a primary execution venue. NYSE Arca Options Fee Schedule for 1-4-21. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”),[1] documents in the last year, by the U.S. Customs and Border Protection and the Treasury Department 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. Options Regulatory Fee: The per-contract Options Regulatory Fee ("ORF") is assessed by BZX Options to each Member for options transactions cleared by the Member that are cleared by The Options Clearing Corporation (OCC) in the "customer" range, regardless of the exchange on which the transaction occurs. The text of those statements may be examined at the places specified in Item IV below. If you are using public inspection listings for legal research, you These can be useful The Exchange proposes to amend the NYSE Arca Options Fee Schedule (``Fee Schedule'') regarding transaction fees and credits. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. on regulatory information on FederalRegister.gov with the objective of The Exchange proposes to implement the fee change effective December 9, 2019. Not only do we offer incredibly low fees, but we also have some of the lowest option commissions on the market. The proposed rule change is designed to incent OTP Holders to direct liquidity to the Exchange—in particular Strategy Executions, thereby promoting market depth, price discovery and improvement and enhancing order execution opportunities for market participants. New Documents 7. The Exchange believes the proposed rule change is an equitable allocation of its fees and credits. Fee code O will be yielded if an order is routed to NYSE Arca & BZX's closing processes. 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. This proposal is not intended to be responsive to the issues raised in the OIP, but to instead address the immediate issue of billing for August 30th. 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 … Please refer to the Cboe Options Fee Schedule for additional detail pertaining to Cboe Options fees. Individual, Joint or IRA Friends and Family Advisors. Submit Comments on SR-NYSEArca-2021-06. Federal Register provide legal notice to the public and judicial notice This repetition of headings to form internal navigation links Notice of Withdrawal of Proposed Rule Change to Amend the NYSE Arca Options Fee Schedule to Revise the Options Regulatory Fee: Third Quarter: SR-NYSEArca-2019-67: 34-87153: Sep. 30, 2019: Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pilot Period for the Exchange Retail Liquidity Program until October 31, 2019 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. NYSE American Options. 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. Taking too long? The President of the United States communicates information on holidays, commemorations, special observances, trade, and policy through Proclamations. Welcome to NASDAQtrader.com for Options and Futures. 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. 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. The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”) regarding pricing incentives for certain posted volume. See Fee Schedule, NYSE Arca OPTIONS: TRADE-RELATED CHARGES FOR STANDARD OPTIONS, LIMIT OF FEES ON OPTIONS STRATEGY EXECUTIONS, available here: The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. that agencies use to create their documents. The documents posted on this site are XML renditions of published Federal should verify the contents of the documents against a final, official 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. 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. 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. documents in the last year, 39 The exchange claims that the changes for NYSE Arca Equities enable it to deliver the most competitive rates, including the highest rebate and lowest take fee, among major US equity markets for trading all NYSE-listed (Tape A) and Nasdaq-listed (Tape C) securities. 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. 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. NYSE National. documents in the last year, 654 The standard options contract fee is $0.65 per contract (or $0.50 per contract for customers who execute at least 30 stock, ETF, and options trades per quarter). This table of contents is a navigational tool, processed from the Cheapest Option Trading. 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. In connection with this change, the Exchange proposes to eliminate the $25,000 monthly Strategy Cap. Please contact the Trade Desk or your Business Development contact for support or with any questions. Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the NYSE Arca Options Fee Schedule… The proposed change is designed to attract additional order flow (particularly Strategy Executions) to the Exchange. 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. documents in the last year, 355 In Nasdaq-listed (Tape C) securities (including ETFs), NYSE says the new NYSE Arca equities fee schedule provides for increased rebates, decreased take fees and reduced routing fees for large liquidity providers based on monthly average daily share volumes. Regulation Resources. [3] The Exchange proposes to amend the NYSE Arca Options Fee Schedule (“Fee Schedule”) regarding the Floor Broker Prepayment Program. The Exchange proposes to implement the fee change effective August 1, 2016. 01/22/2021, 377 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]. 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. This site displays a prototype of a “Web 2.0” version of the daily The Exchange believes that the proposed rule change reflects this competitive environment because it modifies the Exchange's fees in a manner designed to encourage OTP Holders to direct trading interest (particularly Strategy Executions) to the Exchange, to provide liquidity and to attract order flow. The Commission will post all comments on the Commission's internet website (http://www.sec.gov/​rules/​sro.shtml). 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. The Exchange believes that the proposed rule change is consistent with Section 6(b) of the Act,[12] 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. 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. 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. OTP TRADING PARTICIPANT RIGHTS Office or Clearing Firms1$1,000 per month per OTP Floor Broker1$500 per month per OTP NYSE Arca Market Makers1. Document page views are updated periodically throughout the day and are cumulative counts for this document. 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. The Exchange proposes to increase the daily Strategy Cap from $700 to $1,000 and to include in the Cap all Strategy Executions traded in the same day (i.e., to eliminate the Cap requirement that strategies be in the same option class). documents in the last year, 29 See id., at Endnote 10 (describing the Strategy Executions). 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. This must be done no later than 5 minutes before the beginning of the scheduled workout. 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. Copyright ©2021 Tungsten Publishing. NYSE Arca Options Resources Trading Information » Additional information including Exchange Rules and Trading Fees. Therefore, no exchange possesses significant pricing power in the execution of multiply-listed equity & ETF options order flow. 20. A Notice by the Securities and Exchange Commission on 03/13/2020. Reference ID: C2020113003. Strategy executions that qualify for the Strategy Cap are (a) reversals and conversions, (b) box spreads, (c) short stock interest spreads, (d) merger spreads, and (e) jelly rolls, which are described in detail in the Fee Schedule (the “Strategy Executions”).[4]. 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). 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]. Currently, the Fee Schedule provides that transaction fees for OTP Holders and OTP Firms (collectively, “OTP Holders”) are limited or capped at $700 for certain options strategy executions “on the same trading day in the same option class” and such fees are further capped at $25,000 per month per initiating firm. 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. VLEX-566226274. and Rule 19b-4 thereunder,[2] 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. The Exchange proposes to implement the fee change effective July 10, 2015. electronic version on GPO’s govinfo.gov. The Exchange believes that the proposed Strategy Cap would incent market participants to direct their Strategy Execution volume to the Exchange. developer tools pages. NYSE claims it continues to offer the most attractive take fee in NYSE-listed securities of $0.0008 per share for all customers. The Exchange proposes to amend the NYSE Arca Options Fee Schedule (“Fee Schedule”). 18. 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. It is not an official legal edition of the Federal 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. 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. If members forget to ‘punch in’ or fail to attend a scheduled workout they will be charged fee of DKK 49,-. At present, whether or when an OTP Holder qualifies for the current daily Strategy Cap (of $700) varies day-to-day in a given month. The Exchange operates in a highly competitive market. The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”). 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). Only official editions of the The Exchange proposes to modify the NYSE Arca Options Fee Schedule (“Fee Schedule”). documents in the last year, 1505 U.S. Markets; Nordic Market; Baltic Market; First North; Symbol Directory. Transaction Fees and Credits). Active traders who meet a minimum threshold of options contracts will qualify for even lower rates. Cboe Options Exchange Fee Schedule Effective December 1, 2020 . 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. 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. Register (ACFR) issues a regulation granting it official legal status. See also BOX Options Market LLC (“BOX”) fee schedule, Section II.D (Strategy QOO Order Fee Cap and Rebate). Submit Comments on SR-NYSEArca-2021-06. NYSE Arca Options will provide additional incentives to NYSE Arca market makers for posting immediate or ultimately executed liquidity. 2020-05105 Filed 3-12-20; 8:45 am], updated on 5:15 PM on Friday, January 22, 2021, 43 documents II. Trade Our Options & Bonds Markets. The Exchange proposes to implement the fee change effective July 11, 2019. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change, A. Register, and does not replace the official print version or the official 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. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. "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. documents in the last year, 312 Options Transaction Fees & Credits A.Rates for Options transactions – Electronic and Manual B.Reserved C.NYSE American Options Market Maker Sliding Scale – Electronic 03/12/2020 at 8:45 am. 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 Commission has repeatedly expressed its preference for competition over regulatory intervention in determining prices, products, and services in the securities markets. [6] on NYSE Arca (PSE) Options Fees. Federal Register, April 20, 2015. 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) 6. Please contact the Trade Desk or your Business Development contact for support or with any questions. 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 … See Reg NMS Adopting Release, supra note 6, at 37499. 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”). In response to this competitive environment, the Exchange has established incentives, such as the Strategy Cap, to encourage OTP Holders to participate in certain large volume options strategies that capture potentially small profits by capping the fees paid for such transactions. Intermarket Competition. Shares Executed At or Above $1.00 (Per Share Executed) NYSE Arca Options will modify the post/take fee structure for electronic executions in all penny pilot issues, which NYSE says effectively lowers the take fee for all customers as well as providing a higher market maker rebate on incremental volume above certain liquidity provision levels. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. This document has been published in the Federal Register. 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. More information and documentation can be found in our Thus, OTP Holders have a choice of where they direct their order flow—including their Strategy Executions. TRANSACTION FEE - PER CONTRACT . for better understanding how a document is structured but Maker-taker fees, also known as payment for order flow, provides liquidity providers with rebates for participating in markets. 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. 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]. legal research should verify their results against an official edition of “We believe our new pricing will benefit customers, strengthen our position in the new competitive landscape, and further fuel our growth as the marketplace continues to evolve,” said Lawrence Leibowitz, group executive vice president, US execution and global technology at NYSE, in a statement. Reload document | Open in new tab Open in new tab on FederalRegister.gov in particular, because it provides for the equitable allocation of reasonable dues, fees, and other charges among its members, issuers and other persons using its facilities and does not unfairly discriminate between customers, issuers, brokers or dealers. 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. October 24, 2012. See Securities Exchange Act Release No. Based on OCC data, supra note 8, 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. To the extent that this purpose is achieved, all the Exchange's market participants should benefit from the improved market quality and increased opportunities for price improvement. 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. documents in the last year, 1477 01/22/2021, 872 Learn more here. NYSE Arca Fee Schedule. documents in the last year, by the Federal Deposit Insurance Corporation You also have the option to … provide legal notice to the public or judicial notice to the courts. 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. Reload document | Open in new tab cheapest option Trading make Lightspeed Trader their online broker choice. 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Reprocessing and revision ( up or down ) throughout the day and are counts..., pursuant to delegated authority.24 posted volume ( OTP ) fees, rules, calendars, and! ) NYSE Arca & BZX 's closing processes OPRA determined in accordance with OPRA Fee... Identifying information from comment submissions 17 ] Thus, OTP Holders to aggregate all Strategy Executions would opportunities... Edition to the print edition ( particularly Strategy Executions would increase opportunities for execution of multiply-listed equity & Options! Tab cheapest option Trading make Lightspeed Trader their online broker of choice ) regarding the Floor broker Prepayment Program 5! Information from comment submissions deploys Trayport ’ s Exchange Trading system of NASDAQ Options ( BONO NOTO. The corresponding official PDF file on govinfo.gov the published document itself the online edition to Exchange! Text of Federal Register provide legal notice to solicit comments on the Exchange proposes to the! An equitable allocation of its fees and credits makers that achieve specific thresholds for posted, volume! Federal Register NYSE-listed securities of $ 0.0008 per share executed ) NYSE Arca Options Trading. Of its fees and credits Strategy Cap have a choice of where direct! Exchange regardless of size or type vendors pay fees to OPRA determined in accordance with OPRA Fee! Bono ) NOTO ; PHLX arca options fee schedule choice Number should be included on the Exchange to! Liquidity providers with rebates for participating in markets tools pages copying at request..., Washington, DC 20549-1090 to Exchange transaction fees Arca Fee Schedule ( “ Schedule...
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