10 Apr 2025
📈Cboe EDGX Proposes Rule Change for Retail Equities Membership Program
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Introduce Clarifying Language for the Retail Equities Membership Program
Summary
The Cboe EDGX Exchange proposes a rule change to clarify the eligibility requirements for its Retail Equities Membership Program. The amendment specifies the timing of membership application approvals and aims to ensure uniformity in the process, facilitating better alignment with current practices. The update is intended to enhance clarity for potential program participants and remove outdated criteria.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change clarifies the eligibility criteria for the Retail Equities Membership Program, which may affect potential members’ decisions on participation. This clarifies expectations and may impact business models or operational strategies for firms seeking membership.