Search Results for keywords:"average daily volume"

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Search Results: keywords:"average daily volume"

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  • 2021-03725 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
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    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.

  • 2025-03145 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
    Type:Notice
    Citation:90 FR 10842
    Reading Time:about 3 minutes

    NYSE Arca, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to modify its Options Fee Schedule. This proposal aims to adjust the qualification requirements for certain Customer Credit Tiers and a Customer Incentive Program by reducing the necessary average daily volume and excluding sub-dollar securities from being counted. The proposal is effective immediately, as of February 14, 2025, and seeks public comments until March 20, 2025. Interested parties can view the details on both the NYSE and SEC websites.

    Simple Explanation

    NYSE Arca wants to change how much stock people need to buy or sell to get certain rewards, and they're also not counting some very cheap stocks in their numbers. They made this change start right away, but people can still share their thoughts about it until March 20, 2025.