The Cboe Exchange, Inc. has proposed a rule change to modify its fee schedule by adding a surcharge fee for certain Market-Maker transactions in Mini-SPX Index options during Global Trading Hours. Additionally, the rule change seeks to adjust some Lead Market-Maker Incentive Programs by altering series requirements, changing quote width and size requirements, modifying rebate amounts, and revising categories related to expiry and VIX Index values. This proposal was filed with the Securities and Exchange Commission and is open for public comments until March 24, 2025. The changes aim to streamline trading operations and influence transaction costs and incentives for market participants.
Simple Explanation
Cboe Exchange, Inc. wants to change some of its rules to charge a bit more for certain trades at different times and to make some other trading adjustments, and they are asking people to share their thoughts about these changes until March 24, 2025.