The Cboe Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission regarding their "Consolidated Audit Trail Funding Fees" for 2025. This proposal sets the fee rate at $0.000022 per executed equivalent share and is designed to take immediate effect. The Commission is seeking feedback on this change, inviting the public to submit comments electronically or by mail before January 27, 2025. The full details are available on both the Cboe and SEC websites.
Simple Explanation
The Cboe Exchange wants to charge a tiny fee whenever a share is traded to help pay for a big system that keeps track of trading, and they want to start this right away. Some people think it's not clear how they figured out this fee or if it's fair, and it's all written in a way that can be hard for most people to understand.