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.