Search Results for keywords:"trading volume thresholds"

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Search Results: keywords:"trading volume thresholds"

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  • 2021-02714 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the NYSE American Options Fee Schedule
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    Type:Notice
    Citation:86 FR 8930
    Reading Time:about 14 minutes

    The NYSE American LLC has proposed a rule change that was filed with the Securities and Exchange Commission (SEC) on February 1, 2021, to amend its Options Fee Schedule. This amendment introduces a new credit system for Customer Electronic executions, aiming to incentivize ATP Holders by offering a $0.10 per contract credit if certain trading volume thresholds are met. The goal is to attract more trading activity, thereby enhancing market depth, price discovery, and competition while benefiting all market participants. The SEC is inviting public comments on this proposed rule change, which is effective upon filing but can be temporarily suspended by the Commission within 60 days if deemed necessary.

    Simple Explanation

    The NYSE American LLC wants to change its rules so that people who trade lots of options (like contracts for buying or selling stocks) can get a little bit of money back. This is to make more people trade with them and make the market better for everyone who buys and sells things.

  • 2024-28768 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fee Schedule Relating to Fee Codes and Volume Tiers
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    Type:Notice
    Citation:89 FR 97673
    Reading Time:about 23 minutes

    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.