5 May 2025
📈Cboe BYX Proposes Enhanced RPI Order for Securities Below $1
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify Rule 11.24 To Introduce an Enhanced RPI Order and Expand Its Retail Price Improvement Program To Include Securities Priced Below $1.00
Summary
The Securities and Exchange Commission issued a notice regarding the proposed rule change by Cboe BYX Exchange to enhance its Retail Price Improvement Program (RPI) to include securities priced below $1. The extension of the Commission's review period allows for thorough consideration of the implications of the change, initially filed for public comment on March 13, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to introduce an Enhanced RPI Order and expand the Retail Price Improvement Program could significantly impact business operations by facilitating trading in lower-priced securities, potentially broadening market participation and enhancing liquidity. This is particularly relevant for businesses dealing with penny stocks and retail trading.