Search Results for keywords:"fee schedule amendment"

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. This change aims to modify the rebates for transactions involving securities priced at $1.00 or more per share that add liquidity to the exchange. The proposal was filed on February 28, 2025, and LTSE intends for the amendments to take effect immediately as of March 3, 2025. The SEC is seeking comments from the public regarding this change and has provided instructions for submitting feedback.

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 Miami International Securities Exchange, LLC has proposed changes to its fee schedule. These updates involve switching the email domain used for communication to @miaxglobal.com and removing all mentions of mini-options, a type of option that never became widely used and was previously removed from their offerings. The Securities and Exchange Commission (SEC) is reviewing these changes, which aim to make the fee schedule clearer and more accurate for members of the exchange. The SEC invites public comments on this proposal.

The Cboe EDGX Exchange, Inc. proposed a rule change to update its fee schedule by removing certain routing fee codes (8, K, and MX) due to minimal usage. This change means these orders will now fall under the standard routing fees, making the system more efficient. The exchange operates in a competitive market where participants can choose other venues if they find fee levels too high. The proposed change aims to promote competition without imposing unfair burdens on any members.

The NYSE American LLC has proposed a temporary change to its Options Regulatory Fee (ORF). From December 1 to December 31, 2024, the ORF will be waived to ensure that the fees collected do not exceed the Exchange's regulatory costs due to high trading volumes. The ORF will resume on January 1, 2025, at the rate of $0.0038 per contract. The proposal also includes cleaning up outdated language from past fee schedules to make them clearer. The Securities and Exchange Commission (SEC) is seeking public comments on this rule change.

Cboe BZX Exchange, Inc. proposed a rule change with the Securities and Exchange Commission to amend its fee schedule. The proposal aims to expand its Financial Product Distribution Program by introducing a new Derived Data Platform Service. This service would allow distributors to provide financial products using data derived from the Cboe Aggregated Market. Additionally, the proposal includes fee reductions for distributors, particularly for Non-Professional Users, to encourage broader access and distribution of market data.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its fee schedule for its equity options platform, known as BZX Options. The Exchange aims to adjust its Market Maker Penny Add Volume Tiers, which offer varying rebates to incentivize members based on their trading activity. The proposal introduces a new tier designed to encourage increased participation from Lead Market Makers by offering enhanced rebates for meeting specific trading volume criteria. This strategy is part of Cboe BZX's efforts to remain competitive in a market where participants have numerous alternatives for directing their trading orders.

The Cboe EDGX Exchange, Inc. submitted a proposal to the Securities and Exchange Commission (SEC) to amend its fee schedule related to logical port fees. The changes involve increasing the monthly fees for various types of ports, including logical ports, spin ports, and bulk quoting ports. The Exchange believes the fee adjustments align with those of similar exchanges and will help improve its market technology and services without burdening competition. The proposal is open for public comments on the SEC's website until April 21, 2025.

The Long-Term Stock Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to modify its fee schedule for transactions involving stocks priced under $1.00, known as "Sub-Dollar Securities." This change, submitted on December 27, 2024, is intended to take effect immediately and became operational starting December 12, 2024. The SEC is inviting public comments on this proposed rule change by February 6, 2025. More details on the proposal can be found on both the Exchange’s and SEC’s websites.