17 Sep 2025
💵Cboe BZX Proposes New Fee Schedule for Low-Priced Securities
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule by Revising the Additive Rebate Associated With Securities Priced Below $1.00 in LMM Add Volume Tiers 2-4
Summary
The Cboe BZX Exchange has filed a proposed rule change to amend its fee schedule by introducing a new additive rebate for orders involving securities priced below $1.00. This change aims to enhance competitiveness and liquidity on the exchange, responding to a highly competitive trading environment while supporting its overall pricing philosophy.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change modifies the additive rebate structure for securities priced below $1.00, which can significantly affect trading costs and incentives for market participants. This could impact business owners and executives who engage in trading on the Cboe BZX Exchange or similar platforms.