NYSE Arca Adjusts Options Fee Schedule, Credits Effective Sept. 14
Broker QCC credits and floor-broker rebate program change on Sept. 14, 2026, binding participating members.
On September 14, 2026, NYSE Arca, Inc. filed a proposed rule change (File No. SR-NYSEARCA-2026-98; Release No. 34-106465) to amend its Options Fee Schedule. The amendment is to become effective on September 14, 2026, and the Commission is soliciting comments.
The Exchange will keep the per-contract credits of $0.16 for customer-vs-non-customer electronic QCC transactions and $0.22 for non-customer-vs-non-customer electronic QCC transactions. Volume-based credits are revised: Tier 1 qualifying volume drops from 1.5 million to 1 million QCC contracts per month, and Tier 2 from 3.5 million to 3 million. The Tier 1 credit for non-customer-vs-non-customer QCC contracts is reduced from $0.03 to $0.01 per contract. Overall credit for non-customer-vs-non-customer QCC transactions above 1 million contracts per month is lowered from $0.25 to $0.23, while the Tier 2 credit of $0.08 becomes available at the lower 3 million-contract threshold.
The Manual Billable Rebate Program retains its base rebate of $0.08 per billable side and the additional $0.02 per side for exceeding 500,000 manual billable sides. Non-substantive adjustments align rebate thresholds with the new QCC tiers: exceeding the new Tier 2 by 500,000 QCC contracts triggers the greater of $0.01 per billable side at 35% of the new Tier 1 volume or $0.02 per billable side at 70% of the new Tier 1 volume. An extra rebate of $0.01 per manual billable side and $0.01 per non-customer-vs-non-customer QCC contract applies when the aggregate of Tier 1 and Tier 2 qualifications is exceeded by an additional 1 million combined manual billable and QCC billable contracts.
The Exchange states the changes are non-substantive, preserving eligibility standards and rebate amounts, and cites Section 6(b) of the Securities Exchange Act and its subsections 4 and 5 as statutory authority. The proposed adjustments aim to maintain incentives for directing order flow to NYSE Arca while supporting market depth and price discovery.
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