Search Results for keywords:"transaction fees"

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Search Results: keywords:"transaction fees"

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  • 2024-29626 — Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule of NYSE Chicago, Inc.
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    Type:Notice
    Citation:89 FR 102231
    Reading Time:about 17 minutes

    The NYSE Chicago is proposing changes to its Fee Schedule involving fees and credits for single-sided orders. Previously, there was a $0.0010 fee per share for both removing and providing liquidity. The new plan proposes changing the fee for removing liquidity to $0.0030 per share, while offering credits of $0.0029 and $0.0014 per share for orders that add displayed and non-displayed liquidity, respectively. These changes aim to encourage more participants to contribute liquidity, enhancing trading activities and benefiting all market participants. The Securities and Exchange Commission is accepting comments on this proposed rule change.

    Simple Explanation

    NYSE Chicago wants to change how much people pay or get paid when they buy or sell stocks. If someone takes a stock away, they'll pay a bit more, but if they bring a stock to the table, they can get a tiny reward like a little thank you note for helping out.

  • 2025-02430 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Fee Schedule Concerning Transaction Fees and Rebates
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    Type:Notice
    Citation:90 FR 9350
    Reading Time:about 3 minutes

    The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

    Simple Explanation

    The Investors Exchange (IEX) wants to change the rules about how much money people pay or get back when they trade stocks. They want people to tell them what they think about these changes by March 4, 2025.

  • 2020-29022 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Add a Fee for the New ClaimConnectTM Service
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    Type:Notice
    Citation:86 FR 162
    Reading Time:about 10 minutes

    The Securities and Exchange Commission announced that The Depository Trust Company (DTC) has proposed a rule change to introduce a new fee for its optional service called ClaimConnect. This service allows participants to match and settle cash claim transactions, like payment requests due to trading discrepancies, using a new system. The fee will charge $1.75 per side for matched claims, totaling $3.50 per transaction, to help cover DTC's costs for developing and operating the service. The new fees will be implemented starting January 1, 2021, and participants have the option to continue settling claims through their existing methods if they choose not to use ClaimConnect.

    Simple Explanation

    The Securities and Exchange Commission said there's a new way for people to fix money mix-ups called ClaimConnect, and it costs $3.50 per time to use. If someone doesn't want to pay, they can keep doing things the old way instead.

  • 2025-06172 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Certain Transaction Fees and Credits in the NYSE American Equities Price List
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    Type:Notice
    Citation:90 FR 15489
    Reading Time:about 14 minutes

    This document is a notice from the Securities and Exchange Commission regarding a proposed change by NYSE American LLC to their transaction fees and credits on the NYSE American Equities Price List. The proposed changes involve amending the fees for Electronic Designated Market Makers (eDMMs) who agree to certain conditions for providing liquidity in assigned securities. To encourage more quoting and liquidity provision, the Exchange is offering a new higher monthly rebate of $1,250 per assigned security for eDMMs meeting specific quoting thresholds. The Commission is seeking public comments on these changes, which are intended to make the marketplace more competitive by attracting more order flow.

    Simple Explanation

    The Securities and Exchange Commission is talking about some new rules for a group that helps with buying and selling stocks. They want to give these helpers more money if they do a really good job and make it easier for people to trade.