The Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, Inc. has submitted a proposed change to its fee schedule. The changes would modify footnote 14 to include fee code AN and allow Lead Market Makers to have free continuous book executions during the Opening and Closing Auctions. Individuals are invited to submit comments on this proposed rule change, which is available for review on both the Cboe and SEC websites. The deadline for submitting comments is March 19, 2025.
Simple Explanation
Cboe BZX Exchange wants to change some rules so that special traders, called "Lead Market Makers," can trade for free during certain times, but not everyone understands the complicated words and what this means for everyone else. People have until March 19, 2025, to say what they think about this idea.