Search Results for keywords:"equities trading"

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Search Results: keywords:"equities trading"

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  • 2025-03028 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Equities Fee Schedule
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    Type:Notice
    Citation:90 FR 10676
    Reading Time:about 5 minutes

    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.

    Simple Explanation

    The SEC is looking at some new changes that MIAX PEARL, a stock trading place, wants to make to the prices they charge. These changes include adding new prices and discounts for trades that happen early in the day or late at night, and they want to hear what people think about these changes before March 18, 2025.

  • 2021-03725 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
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    Type:Notice
    Citation:86 FR 11372
    Reading Time:about 17 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change to update its Fee Schedule for its equities trading platform. The main update involves introducing a new rebate program called the LMM Add Liquidity Rebate, aimed at incentivizing Lead Market Makers (LMMs) to enhance market quality by providing liquidity in higher volume BZX-listed securities. To qualify for this rebate, securities must meet a specific average daily volume threshold. Additionally, there are some minor updates like renumbering paragraphs in the Fee Schedule and removing a rarely used Market Depth Tier. The U.S. Securities and Exchange Commission is seeking comments from the public on these proposed changes.

    Simple Explanation

    The Cboe BZX Exchange wants to change how they reward special helpers, called Lead Market Makers, who make it easier for people to buy and sell popular stocks. They plan to give these helpers more money if the stocks they help with are traded a lot.

  • 2024-29928 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Equities Fee Schedule To Make a Non-Substantive Change
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    Type:Notice
    Citation:89 FR 102982
    Reading Time:about 12 minutes

    The Securities and Exchange Commission (SEC) published a notice of a proposed rule change by MIAX PEARL, LLC, which operates an equities trading platform. This change involves updating their fee schedule to add more information regarding rebates for retail orders. This update is intended to clarify the rebates customers will receive when they make trades that add liquidity to the exchange. The proposal does not change the fees or rebates but aims to make the fee schedule easier to understand for users, ensuring transparency and reducing confusion.

    Simple Explanation

    MIAX PEARL, a company that helps people trade stocks, is updating their list of fees to make it easier to understand how much money people get back when they trade certain kinds of orders. They are not changing how much money people get back; they just want to make sure everything is clear so people are not confused.

  • 2021-01279 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Applicable to the BZX Top Feed
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    Type:Notice
    Citation:86 FR 6710
    Reading Time:about 29 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.

    Simple Explanation

    Cboe BZX Exchange wants to charge more for a special stock market information service, costing companies $750 each month to share this data inside their workplace, plus $4 each month for every worker who looks at it. They're keeping the price the same for sharing this information outside the company.

  • 2021-00349 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Fee Schedule Relating to LMM Financial Incentives
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    Type:Notice
    Citation:86 FR 2473
    Reading Time:about 14 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change to adjust its fee structure for Lead Market Makers (LMMs) on its equities trading platform. The new fee schedule aims to provide better incentives for LMMs who meet specific performance standards, particularly those handling lower daily auction volumes of securities. The proposed changes include reducing payments for high-volume securities while increasing incentives for securities with lower trading volumes. The Exchange believes these adjustments will help remain competitive in the market and enhance the quality of the trading environment for exchange-traded products (ETPs) listed on Cboe BZX.

    Simple Explanation

    The Cboe BZX Exchange is changing how much they pay their special helpers (called LMMs) who make trading run smoothly; they’re giving more money to those who work with the less popular items and a bit less to those working with the ones everyone likes.