26 Sep 2025
💼NYSE Texas Proposes New Fee Schedule for Lead Market Makers
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend its Fee Schedule To Introduce Transaction Fees, Credits and Performance-Based Financial Incentives for Lead Market Makers
Summary
The NYSE Texas proposes changes to its Fee Schedule to introduce transaction fees, credits, and performance-based financial incentives for Lead Market Makers. This initiative aims to enhance market quality and attract participants amidst a competitive trading environment, encouraging higher liquidity and stability in the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces transaction fees, credits, and performance incentives for Lead Market Makers (LMMs), impacting market participants' cost structures and potentially enhancing liquidity and competitiveness within the NYSE Texas market. These changes will be crucial for executives to evaluate their strategies for market participation and pricing.