The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its Fee Schedule, specifically by increasing transaction fees for certain opening and closing auction fee codes. This proposal was filed on January 8, 2025, and has been designated for immediate effectiveness, meaning it can be enacted quickly. The Commission is inviting public comments on this proposal until February 18, 2025, and all comments will be made publicly available on their website.
Simple Explanation
The Cboe BZX Exchange wants to change the prices they charge for certain specific times when people buy or sell stocks, and they want to do it quickly; they are asking for people's thoughts on this change until February 18, 2025. However, they haven't clearly explained how much the prices are going up or why they need to raise the prices, and they use a lot of big words and references that might confuse people who don't know them.