Search Results for keywords:"Fee Schedule"

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Search Results: keywords:"Fee Schedule"

  • Type:Notice
    Citation:89 FR 102231
    Reading Time:about 17 minutes

    The NYSE Chicago is proposing changes to its Fee Schedule involving fees and credits for single-sided orders. Previously, there was a $0.0010 fee per share for both removing and providing liquidity. The new plan proposes changing the fee for removing liquidity to $0.0030 per share, while offering credits of $0.0029 and $0.0014 per share for orders that add displayed and non-displayed liquidity, respectively. These changes aim to encourage more participants to contribute liquidity, enhancing trading activities and benefiting all market participants. The Securities and Exchange Commission is accepting comments on this proposed rule change.

    Simple Explanation

    NYSE Chicago wants to change how much people pay or get paid when they buy or sell stocks. If someone takes a stock away, they'll pay a bit more, but if they bring a stock to the table, they can get a tiny reward like a little thank you note for helping out.

  • Type:Notice
    Citation:90 FR 12375
    Reading Time:about 3 minutes

    MIAX Emerald, LLC, a securities exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to change its Fee Schedule. The proposal seeks to adjust the inbound quote limit related to the Excessive Quoting Fee, aiming for immediate effectiveness. The SEC is asking for public comments on this rule change, which is available for review online on both the MIAX Emerald and SEC websites. Comments can be submitted via the SEC's online form, email, or mailed directly to the SEC by April 7, 2025, using file number SR-EMERALD-2025-05.

    Simple Explanation

    MIAX Emerald, a company that helps people buy and sell stocks, wants to change a special fee rule to help manage how many stock prices it shows all at once. The government group in charge of watching over them wants to know what people think before April 7, 2025.

  • Type:Notice
    Citation:90 FR 13638
    Reading Time:about 26 minutes

    Cboe BYX Exchange, Inc. is proposing a new rule to amend its fee schedule by introducing fees for the use of "Dedicated Cores," which provide enhanced processing power by dedicating a CPU core to a single user rather than sharing it with others. Users can receive up to two Dedicated Cores at no extra cost, but additional cores will incur fees ranging from $650 to $1,050 based on the number used. The Exchange believes these changes would improve trading efficiency and performance while remaining optional and flexible for users. The new rule is designed to ensure fair access to these resources while managing limited data center space.

    Simple Explanation

    Cboe BYX Exchange wants to charge users money if they need extra "computer brain power" to trade, but lets them use a bit for free so everyone can still play fairly.

  • Type:Notice
    Citation:86 FR 11372
    Reading Time:about 17 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change to update its Fee Schedule for its equities trading platform. The main update involves introducing a new rebate program called the LMM Add Liquidity Rebate, aimed at incentivizing Lead Market Makers (LMMs) to enhance market quality by providing liquidity in higher volume BZX-listed securities. To qualify for this rebate, securities must meet a specific average daily volume threshold. Additionally, there are some minor updates like renumbering paragraphs in the Fee Schedule and removing a rarely used Market Depth Tier. The U.S. Securities and Exchange Commission is seeking comments from the public on these proposed changes.

    Simple Explanation

    The Cboe BZX Exchange wants to change how they reward special helpers, called Lead Market Makers, who make it easier for people to buy and sell popular stocks. They plan to give these helpers more money if the stocks they help with are traded a lot.

  • Type:Notice
    Citation:90 FR 12857
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) announced that MIAX Emerald, LLC filed a proposed rule change on March 13, 2025. This proposal seeks to amend the Exchange's Fee Schedule by introducing new fee categories for its proprietary market data feeds, including the Top of Market feed and the Administrative Information Subscriber feed, among others. The proposal was made effective immediately, and the SEC is seeking public comments on whether it aligns with the requirements of the Securities Exchange Act of 1934. Interested parties can submit their comments electronically or by mail, ensuring they reference file number SR-EMERALD-2025-07.

    Simple Explanation

    MIAX Emerald wants to change some of their prices for special information they share, and they want people, like you and others, to say if they think it's a good idea or not. This change is happening right away, and people can send their thoughts by email or mail to help decide if the change is fair.

  • Type:Notice
    Citation:90 FR 13796
    Reading Time:about 22 minutes

    The Cboe EDGX Exchange, Inc. proposed changes to its Fee Schedule related to Add/Remove Volume Tiers. These updates include adjusting criteria for different tiers and raising certain rebates to incentivize members to increase their trading activity on the exchange. The goal is to enhance market quality by encouraging more order flow, ultimately benefiting all market participants. The Securities and Exchange Commission (SEC) is inviting public comments on this proposed rule change.

    Simple Explanation

    The Cboe EDGX Exchange wants to change how they charge and give discounts to people who trade a lot, so more people come to trade and make the market better. The SEC is asking people to share their thoughts on these changes.

  • Type:Notice
    Citation:90 FR 8731
    Reading Time:about 3 minutes

    MIAX Emerald, LLC has submitted a proposal to the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This change will introduce a fee for market participants who use the Exchange's testing systems environment via a dedicated cross connection. Filed under immediate effectiveness, this proposal is available for public comment, and interested parties can submit their views to the SEC by February 21, 2025. The full text of the proposal can be accessed on both the MIAX and SEC websites.

    Simple Explanation

    MIAX Emerald wants to start charging a fee for using a special connection to test their systems, and people can tell them what they think about this idea until February 21, 2025. But, the details about how much the fee will be and how it compares to other places aren't clear, and some important information might be hard to find or understand.

  • Type:Notice
    Citation:86 FR 8449
    Reading Time:about 18 minutes

    The NYSE American LLC has proposed changes to its co-location services, specifically to their Equities Price List and Fee Schedule and the Options Fee Schedule. The changes aim to introduce two new Partial Cabinet Solution bundles, Options E and F, which offer upgraded network connections for users who need fast data transfer but can't justify the expense of a dedicated cabinet. The proposal states that these bundles would be available for the same setup fee as current options but with different monthly charges, and a 50% monthly fee reduction for the first year is offered if purchased by the end of 2021. The proposed rule change is designed to increase choice in a competitive market without treating any group unfairly.

    Simple Explanation

    The NYSE American LLC wants to offer new choices for sharing computer space where people trade stocks, making it cheaper and faster for everyone. They promise these new choices won't be unfair, but some people are worried because they didn't say much about the reasons for the prices or how it will really help everyone compete.

  • Type:Notice
    Citation:90 FR 8553
    Reading Time:about 2 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to remove the Non-Displayed Add Volume Tier 5 from its Fee Schedule. This proposal was filed with the Securities and Exchange Commission (SEC) and became immediately effective under certain provisions of the Securities Exchange Act. The SEC is inviting public comments on this proposed change, which can be submitted through their website or by mail. All comments should reference the specific file number associated with this rule change.

    Simple Explanation

    Cboe BZX Exchange decided to change their price list by getting rid of a special offer called Non-Displayed Add Volume Tier 5, and they told the government's SEC about it. The SEC is asking people to say what they think about this change, but they didn't explain why they made it or how it might affect everyone.

  • Type:Notice
    Citation:90 FR 9099
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) has announced a proposed rule change by the BOX Exchange LLC regarding the fees for Floor Market Maker manual transactions on the BOX Options Market LLC facility. This change was filed on January 16, 2025, and is set to be effective immediately. The SEC is inviting the public to submit comments on this proposed change. Anyone interested in providing feedback can do so through the SEC's website or by sending an email, with submissions accepted until February 27, 2025.

    Simple Explanation

    The SEC says that the BOX Exchange wants to make a change that will make it cost a little more for certain traders to make trades on the options market, and they want to start this change right away. People can tell the SEC what they think about this change until the end of February.

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