Search Results for keywords:"financial incentives"

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 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.

NYSE Arca, Inc. proposed a new pricing tier called Tape B Tier 3, which aims to encourage more liquidity-providing orders in certain securities on its platform. This proposal offers incentives to ETP Holders affiliated with market maker accounts participating in NYSE Arca Options, allowing them to qualify for credits based on their trading activity. The proposal also includes non-substantive changes to simplify language in the fee schedule. This move is part of NYSE Arca's strategy to increase competitiveness and attract more order flow by offering financial incentives.

The Federal Energy Regulatory Commission (FERC) has proposed new rules to encourage public utilities to invest in cybersecurity measures beyond what is currently required. These rules offer financial incentives like an increased rate of return and deferred cost recovery for utilities that enhance their cybersecurity infrastructure. The aim is to protect the Bulk-Power System against growing cyber threats by using established standards and frameworks like the Critical Infrastructure Protection Reliability Standards and the NIST Framework. Comments on this proposed rule are invited to ensure a wide range of insights, with a deadline for submissions set for April 6, 2021, and replies by May 6, 2021.

Nasdaq PHLX LLC has filed a proposal with the Securities and Exchange Commission to eliminate its Market Data Revenue (MDR) Rebate Program. This program was designed to increase market activity by offering financial incentives for displaying orders on the exchange, but it hasn't been successful in attracting enough activity. The program's complexity, combined with its limited financial benefits, makes it challenging to maintain, leading to the decision to discontinue it. The Securities and Exchange Commission invites public comments on this proposed change, suggesting that Nasdaq PHLX operates in a competitive market where participants can choose to trade elsewhere if dissatisfied with the changes.

MEMX LLC, a stock exchange, submitted a proposal to the Securities and Exchange Commission (SEC) to change its fee schedule. The proposal details a new Tape A Quoting Tier, which offers an extra rebate for certain trading activities on the exchange. This change took effect immediately, and the SEC invites public comments on the proposal by March 14, 2025. All relevant information and comments related to this rule change are available on the SEC's website.