Type:Notice
Citation:86 FR 350
Reading Time:about 18 minutes
The Miami International Securities Exchange LLC has proposed a rule change to amend its fee schedule. This change aims to extend the waiver of the 1,000 contracts cap per leg for cPRIME Agency Order rebates within the Priority Customer Rebate Program (PCRP) until March 31, 2021. The Exchange believes this will encourage larger orders and enhance market competition. The Securities and Exchange Commission invites public comments on this proposed rule change.
Simple Explanation
The Miami International Securities Exchange wants to keep their special offer a little longer so people can make bigger trades, which they think will make the stock market more exciting. The government is asking people what they think about this idea.