The Securities and Exchange Commission has received a proposed rule change filing from Cboe EDGA Exchange, Inc. The proposal, submitted on December 20, 2024, suggests updating the fee schedule associated with the "Consolidated Audit Trail Funding Fees" to a rate of $0.000022 per executed equivalent share. Interested parties are encouraged to submit their comments through the SEC's online platform or by mail, with all submissions due by January 27, 2025. The proposal is under the immediate effectiveness category pursuant to certain sections of the Securities Exchange Act of 1934.
Simple Explanation
The SEC is looking at a new rule from the Cboe EDGA Exchange to change a small fee to $0.000022 for every share traded to help fund a project that keeps track of all trading activity, and they want people to say what they think about it by January 27, 2025.