The Nasdaq Stock Market LLC has proposed changes to its fee structure, aiming to incentivize increased market activity. These proposals include introducing new fee credits for members who add liquidity, changing existing fees and credits for orders during pre-market sessions, and amending the opening cross fees. Additionally, Nasdaq plans to eliminate the Excess Order Fee Program due to its limited impact, thereby reallocating resources to more effective incentives. The Securities and Exchange Commission is seeking public comments on these proposed changes.
Simple Explanation
Nasdaq wants to change how they charge and give money back to people who trade stocks, hoping to make them trade more. They also want to stop one specific fee because it wasn't very useful and make new rules easier to follow, like giving out new rewards.