📈Proposed Rule Change for LTSE Liquidity Incentive Program
Self-Regulatory Organizations: Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Liquidity Incentive Program
Summary
The Securities and Exchange Commission published a notice regarding the Long-Term Stock Exchange's proposed rule change to amend its Liquidity Incentive Program. This change aims to reduce the quoting threshold for Members, encouraging greater liquidity and participation in select securities. The modifications seek to enhance overall market quality and incentivize continuous quoting at the National Best Bid and Offer.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend the Liquidity Incentive Program introduces a lower quoting threshold for Members, making it easier for them to qualify for revenue-sharing incentives. This affects liquidity provision and market quality, directly influencing business operations and financial performance for firms trading on the Long-Term Stock Exchange.