24 Jun 2025
📈Analysis of BYX Exchange Enhanced Retail Price Improvement Order
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing of Amendment No. 3 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 3, 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 has published a notice regarding Cboe BYX Exchange's proposed rule change to enhance its Retail Price Improvement Program. This includes an Enhanced RPI Order aimed at improving price competition for retail investors, expanding the program's scope to securities priced below $1.00, and providing further details on order priority and execution mechanics.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory text discusses a proposed rule change to the BYX Exchange's Retail Price Improvement Program, which aims to enhance price competition for retail orders and includes new order types. This impacts financial strategies for businesses involved in trading and investor engagement strategies.