💰LTSE's Liquidity Incentive Program
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend LTSE Fee Schedule To Adopt a Liquidity Incentive Program
Summary
The LTSE has proposed a Liquidity Incentive Program aimed at enhancing market quality and liquidity through new incentives for market participants. The program proposes to amend the fee schedule and reward members for quoting at the national best bid and offer. By strategically encouraging liquidity in both LIP Enhanced and LIP Standard Securities, it aims to improve trading conditions across the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content involves a regulatory change by the LTSE that introduces a Liquidity Incentive Program designed to enhance market quality by incentivizing liquidity provision. This directly impacts businesses by modifying fee structures and providing revenue-sharing opportunities, thereby influencing their trading strategies and costs.