Search Results for keywords:"routing fee codes"

Cboe BZX Exchange, Inc. is proposing a change to its fee schedule by eliminating two specific routing fee codes, 8 and MX, due to minimal usage. These codes relate to orders routed to NYSE American with specific strategies. Instead, affected orders will now fall under fee code X, which applies to all other unspecified routed orders. The proposal aims to streamline operations and ensure competitive pricing, as the market environment allows participants to choose between various trading platforms based on their fee preferences. The Securities and Exchange Commission (SEC) invites public comments on this proposed rule change.

The Cboe EDGX Exchange, Inc. proposed a rule change to update its fee schedule by removing certain routing fee codes (8, K, and MX) due to minimal usage. This change means these orders will now fall under the standard routing fees, making the system more efficient. The exchange operates in a competitive market where participants can choose other venues if they find fee levels too high. The proposed change aims to promote competition without imposing unfair burdens on any members.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

Cboe EDGA Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission to update its fee schedule. This change involves eliminating certain routing fee codes due to minimal use and amending an Add/Remove Volume Tier to encourage more order flow on the exchange. The goal is to create competitive pricing that attracts market participants while maintaining a fair and equitable fee structure for all members. The proposal has been made effective immediately, but may be suspended by the Commission if deemed necessary.