📈Cboe EDGX Proposes Changes to Fee Schedule for Trading Volume
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Related To Add Volume Tiers
Summary
The Cboe EDGX Exchange has filed a proposed rule change to amend its fee schedule, particularly focusing on trading volume tiers. This initiative aims to enhance competitiveness by adjusting criteria linked to trading activity while excluding subdollar volumes, potentially benefiting market participants through increased rebates and improved trading conditions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by Cboe EDGX Exchange alters its fee schedule, which directly impacts trading costs for market participants. The elimination of certain trading volume criteria and introduction of subdollar trading exclusions may affect business strategies regarding order flow and liquidity provision. This could lead to enhanced rebates and more competitive pricing structures in a highly contested market.