3 Mar 2025
💲Cboe Exchange Proposes New GTH Surcharge for Market-Makers
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule To Adopt a Global Trading Hours (“GTH”) Surcharge Fee Applicable to Certain Market-Maker Transactions in Mini-SPX Index (“XSP”) Options and To Amend Certain Lead Market-Maker (“LMM”) Incentive Programs
Summary
The SEC has published a notice regarding Cboe Exchange's proposed rule change, which includes a Global Trading Hours surcharge fee for certain Mini-SPX Index option transactions and adjustments to Lead Market-Maker incentive programs. This proposal, designated for immediate effectiveness, invites public comments and details modifications to the exchange's fee structure.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend the Cboe Exchange's fee schedule introduces a new surcharge and modifies incentive programs, which could affect market-makers and their operational costs, impacting the financial performance of businesses involved in such transactions.