25 Mar 2025
📈Nasdaq Proposes Changes to Fee Structure and Incentives
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To (i) Introduce a New Fee Credit Under Equity 7, Section 118(a)(1) (Fees for Execution and Routing of Orders) and Amend the Fee Schedule; (ii) Introduce New Fees and Credits Under Equity 7, Section 118(b), (iii) Amend Equity 7, Section 118(e) (Opening Cross) and Introduce a New Fee Credit; and (iv) Eliminate the Excess Order Fee Credits at Equity 7, Section 118(m) an
Summary
Nasdaq announces a proposed rule change aimed at amending fee structures, introducing new fee credits, and adjusting existing requirements for trading on the Exchange. These amendments are intended to encourage liquidity and enhance market quality, ultimately fostering a competitive trading environment for participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes introduce new fee credits and adjustments to existing fee structures for Nasdaq members, impacting trading costs and liquidity incentives. Increased fees for certain order types and new credits could motivate business strategies for trading firms, affecting profitability and competitive positioning.