Search Results for keywords:"rebates"

The Securities and Exchange Commission announced that MIAX PEARL, LLC submitted a new rule change on February 13, 2025. This change involves adjustments to the fee schedule for their equities trading platform, MIAX Pearl Equities. The modifications include new fees and rebates for trades during early and late trading sessions, altering some rebate programs, and revising fees for trades routed to other exchanges. The SEC is inviting the public to comment on this proposal by March 18, 2025.

Cboe EDGA Exchange, Inc. is updating its Fee Schedule by launching a program called the NBBO Setter Program under the new fee code SS. This program aims to improve trading conditions for less frequently traded securities by offering rebates to participants who lead in setting competitive prices. It allows members to potentially earn higher rebates without any volume requirements, thereby encouraging more liquidity and trading activity. The program is designed to benefit the market by making it more competitive and transparent, and is open to all participants on the exchange.

MEMX LLC has proposed changes to its fee schedule, which were filed with the Securities and Exchange Commission (SEC). The changes include increasing rebates for certain orders that add liquidity and increasing fees for orders that remove liquidity. The aim is to attract more orders to the MEMX exchange by offering competitive pricing. This proposal is publicly available for comments, allowing interested parties to share their views on the changes.

The Cboe BZX Exchange, Inc. has proposed changes to its fee schedule, which will be effective from November 1, 2024. The proposed changes involve updating criteria for specific volume tiers, such as Add Volume Tier 3 and Add Volume Tier 5, and adjusting or removing certain fee codes. These updates aim to incentivize members to increase their order flow by offering enhanced rebates for reaching adjusted trading volume thresholds. The Securities and Exchange Commission is seeking public comments on these proposed changes.

The Cboe EDGX Exchange, Inc. proposed changes to its Fee Schedule related to Add/Remove Volume Tiers. These updates include adjusting criteria for different tiers and raising certain rebates to incentivize members to increase their trading activity on the exchange. The goal is to enhance market quality by encouraging more order flow, ultimately benefiting all market participants. The Securities and Exchange Commission (SEC) is inviting public comments on this proposed rule change.

Cboe EDGX Exchange, Inc. proposed a rule change to modify its fee schedule related to its equities trading platform. The changes focus on updating the Add/Remove Volume Tiers and introducing a new Non-Displayed Step-Up Tier to provide enhanced rebates to members based on certain trading volume criteria. These changes are intended to encourage more order flow to the exchange, improve market liquidity, and provide better pricing options for participants. The proposed amendments aim to foster a more competitive trading environment, benefiting all market participants.

The Securities and Exchange Commission has announced that the Cboe EDGA Exchange, Inc. has proposed a new rule regarding billing errors and fee disputes. Under this rule, all fees and rebates will be considered final after three calendar months. This change is designed to encourage members to review their billing statements promptly, ensuring that any errors are addressed quickly and reducing the administrative burden on the Exchange. The SEC is seeking comments from the public on this proposed change.

The Securities and Exchange Commission published a notice regarding a proposed change submitted by the NYSE American LLC. The change aims to update the NYSE American Options Fee Schedule by modifying the Floor Broker Fixed Cost Prepayment Incentive Program. This includes changes like increasing required volumes for certain credits and introducing new rebates. The proposal, filed on January 15, 2025, is intended to take immediate effect, and the Commission is seeking public comments on this proposal by February 13, 2025.

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.

The Nasdaq Stock Market LLC has proposed a rule change to amend its transaction credits, affecting the rebates Qualified Market Makers (QMMs) can receive. Previously, QMMs were challenged by an unexpected increase in sub-dollar trading, which affected their ability to qualify for rebates. The new proposal allows Nasdaq to calculate QMM eligibility for rebates both with and without sub-dollar trades, choosing the most favorable option for QMMs. Additionally, Nasdaq proposes to lower the criteria for earning certain transaction credits to encourage more members to add liquidity, aiming to improve market quality.