5 Sep 2025
📈Cboe BYX Expands Retail Price Improvement Program
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 3, 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 SEC has designated a longer period for considering a proposed rule change by Cboe BYX Exchange that aims to introduce an Enhanced RPI Order and expand its Retail Price Improvement Program to include lower-priced securities. This change is expected to enhance market efficiency and increase trading opportunities for investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces an Enhanced Retail Price Improvement (RPI) Order and expands its Retail Price Improvement Program to encompass securities priced below $1.00. This could influence trading strategies and market participation for businesses, particularly those dealing in lower-priced securities.