Search Results for keywords:"Lead Market Makers"

Nasdaq BX, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) regarding its options pricing schedule. The proposed changes include modifications in the fees and rebates for Lead Market Makers (LMMs), aiming to increase their incentives to add liquidity to the exchange. Specifically, the proposal suggests increasing the LMM Rebate to Add Liquidity from $0.10 to $0.11 per contract and decreasing the LMM Fee to Add Liquidity from $0.39 to $0.38 per contract. These adjustments are intended to make the exchange more competitive and attractive to LMMs, ultimately benefiting all market participants through improved market interaction.

The Cboe BZX Exchange, Inc. has proposed a rule change to adjust its fee structure for Lead Market Makers (LMMs) on its equities trading platform. The new fee schedule aims to provide better incentives for LMMs who meet specific performance standards, particularly those handling lower daily auction volumes of securities. The proposed changes include reducing payments for high-volume securities while increasing incentives for securities with lower trading volumes. The Exchange believes these adjustments will help remain competitive in the market and enhance the quality of the trading environment for exchange-traded products (ETPs) listed on Cboe BZX.

The Cboe BZX Exchange, Inc. has proposed a rule change to update its Fee Schedule for its equities trading platform. The main update involves introducing a new rebate program called the LMM Add Liquidity Rebate, aimed at incentivizing Lead Market Makers (LMMs) to enhance market quality by providing liquidity in higher volume BZX-listed securities. To qualify for this rebate, securities must meet a specific average daily volume threshold. Additionally, there are some minor updates like renumbering paragraphs in the Fee Schedule and removing a rarely used Market Depth Tier. The U.S. Securities and Exchange Commission is seeking comments from the public on these proposed changes.

The Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, Inc. has submitted a proposed change to its fee schedule. The changes would modify footnote 14 to include fee code AN and allow Lead Market Makers to have free continuous book executions during the Opening and Closing Auctions. Individuals are invited to submit comments on this proposed rule change, which is available for review on both the Cboe and SEC websites. The deadline for submitting comments is March 19, 2025.

Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its fee schedule for its equity options platform, known as BZX Options. The Exchange aims to adjust its Market Maker Penny Add Volume Tiers, which offer varying rebates to incentivize members based on their trading activity. The proposal introduces a new tier designed to encourage increased participation from Lead Market Makers by offering enhanced rebates for meeting specific trading volume criteria. This strategy is part of Cboe BZX's efforts to remain competitive in a market where participants have numerous alternatives for directing their trading orders.