Search Results for keywords:"fee schedule amendment"

The Long-Term Stock Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to modify its fee schedule for transactions involving stocks priced under $1.00, known as "Sub-Dollar Securities." This change, submitted on December 27, 2024, is intended to take effect immediately and became operational starting December 12, 2024. The SEC is inviting public comments on this proposed rule change by February 6, 2025. More details on the proposal can be found on both the Exchange’s and SEC’s websites.

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.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

Cboe Exchange, Inc. has proposed a rule change to amend its fee schedule, specifically regarding Related Future Cross (RFC) orders, which are complex orders involving a combination of option and futures contracts. This change is set to be effective from January 19, 2021. The proposed amendments include updates to the fee structure, such as relocation of certain surcharge waivers to footnotes 21 and 25, to reflect the permanent adoption of RFC orders in both electronic and open outcry trading environments. The filing with the Securities and Exchange Commission is open for public comments, and the Commission may take action within 60 days of the filing if necessary to protect investors and public interest.

The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.

MIAX Sapphire, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) that aims to amend its fee schedule for certain proprietary market data feeds. These are the MIAX Sapphire Top of Market, Complex Top of Market, and Liquidity Feed. The rule change has been designated for immediate effectiveness, and the SEC is seeking public comments on the proposal. People interested in sharing their opinions can submit comments electronically or by mail by February 28, 2025.

Cboe EDGX Exchange, Inc. filed a notice with the Securities and Exchange Commission (SEC) to amend its fee schedule for the Retail Equities Membership Program. The proposed changes aim to clarify the eligibility rules, specifying that new members cannot have been approved as Retail Member Organizations (RMO) within 18 months of their approval. The update also removes outdated references and is designed to align with current practices without imposing any additional competitive burdens. The SEC is inviting public comments on this proposed rule change.

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.

Cboe EDGX Exchange, Inc. proposed a rule change to modify its fee schedule related to its equities trading platform. The changes focus on updating the Add/Remove Volume Tiers and introducing a new Non-Displayed Step-Up Tier to provide enhanced rebates to members based on certain trading volume criteria. These changes are intended to encourage more order flow to the exchange, improve market liquidity, and provide better pricing options for participants. The proposed amendments aim to foster a more competitive trading environment, benefiting all market participants.

The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. The change is to introduce a new fee for market participants who want to use a direct connection to the Exchange's testing systems. This proposal was filed on January 14, 2025, and is immediately effective. The SEC is inviting comments from the public on this proposed change until February 21, 2025.