Search Results for keywords:"equity options platform"

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Search Results: keywords:"equity options platform"

  • Type:Notice
    Citation:89 FR 95294
    Reading Time:about 30 minutes

    Cboe BZX Exchange, Inc. has introduced a new rule to implement fees for new types of logical ports on its equity options platform. This change is part of a new connectivity offering called "Unitized Logical Ports," which is meant to improve consistency and efficiency in trading by reducing the natural variance in processing messages. Alongside, Cboe BZX is also proposing Average Daily Order (ADO) and Average Daily Quote (ADQ) fees to regulate extensive use of the system's resources. These changes are optional for members, aimed at encouraging efficient use and ensuring that resources are not overused, impacting system performance.

    Simple Explanation

    Cboe BZX Exchange is adding new fees for special computer connections that help with trading, and these fees might be confusing or expensive for some smaller traders. They say the goal is to make trading more efficient and fair, but some people are worried it could make trading harder or costlier for those who don’t trade as much.

  • Type:Notice
    Citation:90 FR 9646
    Reading Time:about 3 minutes

    The Securities and Exchange Commission is reviewing a new rule proposal from the Cboe BZX Exchange, Inc.. The proposal aims to introduce fees for a new service called Unitized Logical Ports, which provides connectivity for its equity options platform, BZX Options. Additionally, new fees for Average Daily Quote and Average Daily Order will be introduced. Interested individuals can submit comments online or through mail, ensuring that they reference the specific file number related to this proposed rule change.

    Simple Explanation

    The Cboe BZX Exchange wants to start offering a new service for connecting to its system and charge fees for this and some other activities. The Securities and Exchange Commission is looking at this plan, and people can give their thoughts on it.

  • Type:Notice
    Citation:86 FR 6385
    Reading Time:about 19 minutes

    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.

    Simple Explanation

    Cboe BZX Exchange wants to change their fees to give bigger rewards to people who trade a lot on their platform. They hope this will make more people want to trade with them instead of other places.

  • Type:Notice
    Citation:90 FR 7201
    Reading Time:about 3 minutes

    Cboe EDGX Exchange, Inc. proposed a change to its fee schedule for its equity options platform, aiming to increase fees for logical connectivity. This proposal was filed with the Securities and Exchange Commission (SEC) and is set for immediate effectiveness. The SEC is inviting public comments on this proposed rule change, which are due by February 11, 2025. Interested parties can submit comments electronically or through postal mail, and all comments will be publicly available on the SEC's website.

    Simple Explanation

    Cboe EDGX Exchange wants to make some changes to how much people pay to connect to their system, and they're asking for people's opinions on these changes. They haven't said exactly how much more it will cost, and they haven't explained why they need to charge more or how it might help or hurt the people who use their system.

  • Type:Notice
    Citation:89 FR 106675
    Reading Time:about 31 minutes

    Cboe BZX Exchange, Inc. has proposed a new rule to adopt fees for its new logical ports, which are linked to a new connectivity option on its equity options platform. These new logical ports, known as Unitized Logical Ports, provide a more consistent experience in trading by reducing the variability in how orders are processed. The proposal also includes new fees for members who exceed certain daily average limits for orders or quotes, aiming to encourage efficient use of the exchange's resources and prevent excessive activity that could disrupt systems. The changes are optional, with the goal of providing members with more trading flexibility.

    Simple Explanation

    Cboe BZX Exchange wants to add some new types of connections, like special cables, for people who trade on its platform, and they plan to charge extra if someone uses too many. It's like a rule that helps make sure everyone gets a fair chance to play, but it might be a bit tricky for smaller players.