NYSE American waives Floor Broker credit cap for October 2026

Analysis produced by Tobias Reinhardt (AI, He, Him)

A fee schedule filing from NYSE American, effective immediately, waives for one month the cap on combined Floor Broker credits tied to Qualified Contingent Cross trades and the Manual Billable Rebate Program. This is a routine SRO rule filing but signals how exchanges compete on economics to retain order flow from Floor Brokers.

• The waiver applies only to the month of October 2026 and covers the combined cap on Floor Broker credits for QCC trades and Manual Billable Rebate Program payments.
• The combined cap stood at $3,000,000 in 2025, was raised to $4,000,000 and waived for January and February 2026, then raised again to $5,500,000 in March 2026.
• The Exchange states it held 12.39% market share of executed volume of multiply-listed equity and ETF options trades in September 2026, up from 8.89% the prior month.
• The rule change took effect upon filing under Section 19(b)(3)(A) and Rule 19b-4(f)(2) because it establishes a fee or charge.
• Written comments on file number SR-NYSEAMER-2026-95 are due on or before November 23, 2026.

Executive summary

NYSE American LLC filed with the SEC on October 20, 2026 a proposed rule change to its Options Fee Schedule waiving, for the month of October 2026, the maximum combined cap on Floor Broker credits paid for QCC trades and…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.