Search Results for keywords:"fee schedule"

The Miami International Securities Exchange, LLC has proposed a new rule change regarding fees for its Industry Members as part of the CAT NMS Plan, which helps oversee trading activities. These fees, named CAT Fee 2025-1, will be charged at a rate of $0.000022 per executed equivalent share and are intended to recover half the costs budgeted for 2025. This proposal was filed with the Securities and Exchange Commission and became effective immediately, with the first invoices expected in February 2025. The public is invited to submit comments on this proposed change by February 6, 2025.

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.

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.

Cboe BZX Exchange, Inc. is proposing a change to its fee schedule by eliminating two specific routing fee codes, 8 and MX, due to minimal usage. These codes relate to orders routed to NYSE American with specific strategies. Instead, affected orders will now fall under fee code X, which applies to all other unspecified routed orders. The proposal aims to streamline operations and ensure competitive pricing, as the market environment allows participants to choose between various trading platforms based on their fee preferences. The Securities and Exchange Commission (SEC) invites public comments on this proposed rule change.

MIAX Sapphire, LLC, a self-regulatory organization, has proposed changes to its fee schedule for three specific market data feeds: MIAX Sapphire Top of Market, MIAX Sapphire Complex Top of Market, and MIAX Sapphire Liquidity Feed. These fees will initially be waived for six months to encourage market participation. The proposed fees are structured to cover the costs associated with providing these data feeds and are intended to be competitive with fees charged by other exchanges for similar services. The proposal maintains that the fees are fair, reasonable, and non-discriminatory, applying consistently to all subscribers based on their use and distribution of the data.

This document from the Securities and Exchange Commission outlines a proposed rule change by MIAX PEARL, LLC regarding its fee schedule for network connectivity. MIAX PEARL plans to raise the monthly network connectivity fees for its 10 gigabit ultra-low latency (ULL) connections from $9,300 to $10,000 for both members and non-members. The Exchange argues that these fees are necessary to cover the costs of maintaining its network infrastructure and that the change is reasonable and fair. The SEC is seeking comments on this proposal to ensure transparency and fairness in the setting of fees.

The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Cboe BZX Exchange, Inc. This change involves amendments to the fee schedule for the use of "Dedicated Cores," a service that enhances trading speed and performance by allocating dedicated CPU processing power to users. Users who opt for this service can use up to two Dedicated Cores free of charge, while additional cores incur a scalable fee based on usage. This service is optional and aims to provide firms, especially those sensitive to latency, a more efficient trading experience.

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its fee schedule for the "Consolidated Audit Trail Funding Fees," setting the new fee rate at $0.000022 per executed equivalent share. This change was filed under Section 19(b)(1) of the Securities Exchange Act of 1934, and the Exchange has designated the proposal for immediate effectiveness. The SEC is inviting comments from the public on this proposal. Comments can be submitted online or by mail, but they must refer to the specific file number SR-CboeBZX-2024-130 and be sent by January 27, 2025.

The Securities and Exchange Commission has announced that MIAX Emerald, LLC, plans to introduce a new fee for accessing its testing systems environment through a dedicated cross connection. Previously, users could access this environment, which allows testing of exchange functionality, for free via a VPN or by other means that are being phased out. Starting December 1, 2024, a monthly fee of $1,000 will be charged for this dedicated connection option, but VPN access will remain free. The fee structure aims to reflect competition in the market and is designed to offer equitable pricing compared to similar services provided by other exchanges.

MIAX PEARL, an options exchange, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule, aiming to attract more trading activity by adjusting thresholds for rebates and fees for market makers. It plans to increase the volume threshold for Tier 2 from 0.45% to 0.75% of national monthly volume in specific options and introduce a new tiered incentive (Tier 3) based on trading activity in SPY options. The revisions are designed to enhance market liquidity and competitiveness by encouraging market makers to bring more orders to the exchange. These changes became effective on January 4, 2021, and aim to benefit all market participants through better liquidity and tighter markets.