Type:Notice
Citation:86 FR 7902
Reading Time:about 14 minutes
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.
Simple Explanation
The company that runs a stock exchange is changing how they charge people to buy and sell stocks because not many people were using some special price codes. Now, everyone will pay the same, and this will help the system work better.