📈Nasdaq Proposes Rule Change on Transaction Credits for 2025
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Transaction Credit at Equity 7, Section 118(a)
Summary
The Securities and Exchange Commission published a notice regarding Nasdaq's proposed rule change to amend transaction credits at Equity 7, Section 118(a). The change aims to clarify the implementation of the M-ELO Supplemental Credit B, aligning it with original intentions. The proposal seeks to enhance competitive practices without imposing undue burdens on market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
This regulatory notice outlines a proposed rule change related to the Nasdaq Stock Market's transaction credit system, impacting trading fees for market participants. The change may influence trading strategies and costs for businesses using Nasdaq for equity transactions, creating potential financial implications for business owners and executives involved in the securities market.