Cboe EDGA Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission to update its fee schedule. This change involves eliminating certain routing fee codes due to minimal use and amending an Add/Remove Volume Tier to encourage more order flow on the exchange. The goal is to create competitive pricing that attracts market participants while maintaining a fair and equitable fee structure for all members. The proposal has been made effective immediately, but may be suspended by the Commission if deemed necessary.
Simple Explanation
Cboe EDGA Exchange Inc. wants to change their fee rules to make them more attractive to people who use their service by getting rid of some fees that aren't used much anymore. They hope this will help bring in more business and keep things fair for everyone.