💰Nasdaq PHLX Proposed Rule Change on Options Trading Fees
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Pricing Schedule at Options 7, Section 4 To Amend Qualified Contingent Cross Rebates and the Floor Transaction Floor Broker Incentive Program
Summary
Nasdaq PHLX LLC has filed a proposed rule change to amend its Pricing Schedule concerning Qualified Contingent Cross Rebates and the Floor Broker Incentive Program. The proposal aims to adjust qualifying criteria and rebate structures to enhance trading incentives and operational efficiency. The Commission is seeking public comments on this regulatory change.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document details proposed amendments to Nasdaq PHLX's Pricing Schedule that could significantly alter fee structures and incentives for businesses engaged in options trading. This includes decreased qualifications for Qualified Contingent Cross Rebates and adjustments to Floor Broker Incentive Programs, impacting operating costs and potential profitability for market participants.