The Cboe BZX Exchange, Inc. has proposed changes to its fee schedule, which will be effective from November 1, 2024. The proposed changes involve updating criteria for specific volume tiers, such as Add Volume Tier 3 and Add Volume Tier 5, and adjusting or removing certain fee codes. These updates aim to incentivize members to increase their order flow by offering enhanced rebates for reaching adjusted trading volume thresholds. The Securities and Exchange Commission is seeking public comments on these proposed changes.
Simple Explanation
The Cboe BZX Exchange wants to change how their fees work, so people who trade a lot can get better deals starting in November. They want to make it easier to trade more by adjusting some rules, but they still need everyone to tell them what they think about these changes.