Search Results for keywords:"Fee Schedule"

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.

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.

The BOX Exchange LLC proposed a rule change to update its Fee Schedule by increasing fees for connectivity and ports used on the BOX Options Market LLC facility. These changes reflect an 8% fee increase justified by an industry-specific inflation measure called the Producer Price Index for Data Processing and Related Services. The fee adjustments are meant to help the Exchange maintain and enhance its market technology and services, despite not having increased these fees since 2018. The Securities and Exchange Commission is seeking public comments on this proposal until January 17, 2025.

The NYSE American LLC has proposed changes to its co-location services, specifically to their Equities Price List and Fee Schedule and the Options Fee Schedule. The changes aim to introduce two new Partial Cabinet Solution bundles, Options E and F, which offer upgraded network connections for users who need fast data transfer but can't justify the expense of a dedicated cabinet. The proposal states that these bundles would be available for the same setup fee as current options but with different monthly charges, and a 50% monthly fee reduction for the first year is offered if purchased by the end of 2021. The proposed rule change is designed to increase choice in a competitive market without treating any group unfairly.

MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission to change its fee schedule for trading equities. The proposal suggests increasing the rebate for displayed orders adding liquidity in Tape B securities to $0.0035 per share and decreasing the fee for removing liquidity to $0.0027 per share, effective January 1, 2021. These changes aim to encourage more trading on the platform by offering better incentives compared to competitors. The proposed fee adjustments are intended to attract more order flow, boost liquidity, and enhance the trading opportunities available for market participants.

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.

MIAX Emerald, LLC has proposed a rule change to amend its Fee Schedule to establish a new fee, called CAT Fee 2025-1, related to the Consolidated Audit Trail (CAT) for 2025. This fee is set at $0.000022 per executed equivalent share and aims to cover half of the budgeted costs for the CAT in 2025. The proposal, filed with the Securities and Exchange Commission (SEC), is effective immediately, and the SEC is inviting public comments on this change before February 6, 2025. CAT Fee 2025-1 replaces the previous CAT Fee 2024-1, which was set at a higher rate.

Cboe EDGA Exchange, Inc. has proposed a change to its fee schedule to introduce charges for the use of Dedicated Cores, which are CPU cores dedicated to specific users, providing reduced latency and improved performance. The new fee structure allows users up to two free Dedicated Cores, with additional fees for more: $650 per core for 3-10 cores, $850 per core for 11-15 cores, and $1,050 per core for 16 or more cores. This proposal aims to balance demand with physical space limitations in their data centers, and it remains an optional service for users. The Securities and Exchange Commission invites public comments on this rule change.

Cboe BYX Exchange, Inc. is proposing a new rule to amend its fee schedule by introducing fees for the use of "Dedicated Cores," which provide enhanced processing power by dedicating a CPU core to a single user rather than sharing it with others. Users can receive up to two Dedicated Cores at no extra cost, but additional cores will incur fees ranging from $650 to $1,050 based on the number used. The Exchange believes these changes would improve trading efficiency and performance while remaining optional and flexible for users. The new rule is designed to ensure fair access to these resources while managing limited data center space.