3 Jun 2025
📉BOX Exchange Proposes New Trading Fee Incentives for Public Orders
Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Section IV.B. (PIP and COPIP Transactions) of the Fee Schedule for Trading on the BOX Options Market LLC Facility and Add Incentives for Auction and Non-Auction Public Customer Order Flow
Summary
The SEC has accepted a proposed rule change from BOX Exchange to amend its fee schedule, introducing incentives for public customer auction and non-auction transactions. This change aims to enhance trading liquidity and provide participants with methods to qualify for lower fees and rebates based on national customer transaction volumes, thereby encouraging increased participation in the BOX Options Market.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a new fee structure that incentivizes auction and non-auction public customer order flow, potentially impacting trading costs and enhancing liquidity for participants. These changes can influence business strategies regarding order placement and execution to optimize cost efficiency.