The Securities and Exchange Commission has announced that BOX Exchange LLC filed a rule change regarding its fee schedule for the BOX Options Market. This change, effective January 4, 2021, revises fees and introduces new credits for different types of trades, such as PIP, COPIP, Facilitation, and Solicitation transactions. The alterations aim to simplify the fee schedule, reduce confusion, and encourage more trading activity on BOX Options by offering financial incentives for specific order types. Comments from the public are welcomed until February 16, 2021.
Simple Explanation
The SEC is letting BOX Exchange make some changes to how much people pay to trade certain stock options; these changes start from January 4, 2021, and aim to make it easier and cheaper for some trades, but it might be tricky for everyone to understand.