Search Results for keywords:"transaction fees"

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.

The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

On March 6, 2025, The Nasdaq Stock Market LLC submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning adjustments to transaction fees at specific sections of their regulations. This change, which the Exchange intends to implement immediately, affects fees associated with the Nasdaq Report Center and the Equity Trade Journal for Clearing Firms. The SEC is inviting the public to submit comments on this proposed rule change, which are due by April 8, 2025, and can be submitted either electronically or on paper. The details of the proposal are available on both Nasdaq's and the SEC's websites.

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its Fee Schedule, specifically by increasing transaction fees for certain opening and closing auction fee codes. This proposal was filed on January 8, 2025, and has been designated for immediate effectiveness, meaning it can be enacted quickly. The Commission is inviting public comments on this proposal until February 18, 2025, and all comments will be made publicly available on their website.

The Miami International Securities Exchange, LLC has filed a proposed rule change with the Securities and Exchange Commission, effective immediately. This change aims to amend the fee schedule by removing transaction fees and rebates for SPIKES options, eliminating the SPIKES Options Market Maker Incentive Program, and deleting certain references to Proprietary Products. The modifications are set to take effect on February 1, 2025. Public comments on the proposal are invited, with a submission deadline of March 12, 2025.

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) has proposed a rule change to introduce a new fee for its optional service called ClaimConnect. This service allows participants to match and settle cash claim transactions, like payment requests due to trading discrepancies, using a new system. The fee will charge $1.75 per side for matched claims, totaling $3.50 per transaction, to help cover DTC's costs for developing and operating the service. The new fees will be implemented starting January 1, 2021, and participants have the option to continue settling claims through their existing methods if they choose not to use ClaimConnect.

This document is a notice from the Securities and Exchange Commission regarding a proposed change by NYSE American LLC to their transaction fees and credits on the NYSE American Equities Price List. The proposed changes involve amending the fees for Electronic Designated Market Makers (eDMMs) who agree to certain conditions for providing liquidity in assigned securities. To encourage more quoting and liquidity provision, the Exchange is offering a new higher monthly rebate of $1,250 per assigned security for eDMMs meeting specific quoting thresholds. The Commission is seeking public comments on these changes, which are intended to make the marketplace more competitive by attracting more order flow.