📈Nasdaq Proposes Major Amendments on Trading Fees and Incentives
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 7, Sections 114 and 118
Summary
The Nasdaq Stock Market has filed a proposed rule change that involves amendments to transaction fees and credits aimed at enhancing liquidity and attracting more trading participation. Key changes include fee reductions and the introduction of new credits for member firms, promoting a more competitive trading environment while addressing previously outdated fee structures.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes from the Nasdaq Stock Market affect transaction fees and credits for businesses trading on the exchange, potentially reducing costs and incentivizing liquidity in the market. Notably, reducing execution fees and eliminating the Excess Order Fee can lead to improved market conditions for business owners operating in the securities environment.