Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its pricing schedule related to rebates for contract executions that trigger an order exposure alert. This rule change was filed on February 3, 2025, and has been designated for immediate effectiveness. The Commission is seeking comments from the public on whether this proposed rule change aligns with the Securities Exchange Act of 1934. Comments can be submitted electronically on the SEC's website or by mail, and should reference the file number SR-BX-2025-007.
Simple Explanation
Nasdaq BX, Inc. wants to change some rules about how they give money back to people when certain things happen in trading, like setting off an alert. The people in charge are asking others to tell them what they think about these new rules.