20 Feb 2025
📈BOX Exchange Proposes Increased Rebates for Floor Brokers
Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Section V. Manual Transaction Fees of the Fee Schedule To Increase the QOO and FOO Order Rebate to Floor Brokers for All Broker Dealer and Market Maker QOO and FOO Orders Presented on the Trading Floor on the BOX Options Market LLC Facility
Summary
The Securities and Exchange Commission has received a notice from BOX Exchange LLC proposing a rule change to amend transaction fees and increase order rebates for Floor Brokers. The change aims to enhance trading efficiency on the BOX Options Market by adjusting the fee structure for various market participants. Interested parties can submit comments regarding this proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change increases rebates for Floor Brokers on QOO and FOO orders, potentially impacting transaction costs and profitability for brokers and market makers. This change may require compliance considerations for affected businesses.