💰Cboe Options Fee Schedule Changes and New Rebate Programs Explained
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule With Respect to Professional Orders Transacted on the Trading Floor in Certain Products and To Adopt a Floor Broker Sliding Scale Supplemental Rebate Program
Summary
The Cboe Exchange has proposed amendments to its Fee Schedule, reducing fees for Professional orders and introducing a Floor Broker Sliding Scale Supplemental Rebate Program. These changes aim to remain competitive in a crowded market and incentivize greater liquidity and trading activity on their platforms. The proposed modifications are intended to attract order flow while enhancing market quality and execution opportunities for all participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change impacting fee structures and rebates for Professional orders at Cboe Exchange can significantly influence trading costs for businesses engaged in options trading. The decrease in fees and implementation of tiered rebate programs directly affect financial strategies and cost-effectiveness for traders and firms operating in a competitive market.