28 May 2025
📈Cboe BZX Exchange Fee Schedule Amendments Overview
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Modify Components of Certain Add Volume Tiers, Step-Up Tiers, and Single MPID Investor Tiers
Summary
The Cboe BZX Exchange has proposed changes to its fee schedule, including updates to Add Volume Tiers and the introduction of a new Cross Asset Tier. These modifications aim to adjust rebate structures and criteria, fostering enhanced liquidity and order flow, and encouraging greater participation across exchange platforms.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change modifies fee schedules, impacting costs and incentives for market participants which can affect trading strategies. With changes to Add Volume Tiers and the introduction of the Cross Asset Tier, businesses may see potential shifts in order flow and liquidity benefits.