📈Amendments to MIAX Pearl Equities Fee Schedule
The Securities and Exchange Commission has published a notice regarding MIAX Pearl's proposed amendments to its equities trading Fee Schedule. The changes include reducing certain rebates under the NBBO Setter Plus Program and altering qualification requirements, aimed at promoting liquidity and competitive market conditions. The proposed revisions are effective immediately following publication.
Learn More💵IEX Introduces Supplemental Market Quality Program for Trading Liquidity
The Securities and Exchange Commission announces a proposed rule change by the Investors Exchange LLC (IEX) to amend its fee schedule and establish a Supplemental Market Quality Program. This initiative incentivizes member firms to enhance displayed trading liquidity through financial payments for qualifying activities, aiming to improve overall market conditions and trading efficiency.
Learn More💰OCC Proposes Changes to Master Repurchase Agreement for Liquidity
The Securities and Exchange Commission has issued a notice of no objection to The Options Clearing Corporation's proposed amendments to a Master Repurchase Agreement. These changes aim to enhance OCC's liquidity management and address risks associated with counterparty defaults, ultimately promoting financial stability in the options market.
Learn More💰Nasdaq Proposes New Fee Credits for Liquidity Providers
The Nasdaq Stock Market LLC proposed a rule change to amend its fee schedule, introducing new credits for members that exceed liquidity thresholds as designated liquidity providers for exchange-traded products. This initiative aims to enhance competitiveness and facilitate increased trading activity in specific securities, providing financial incentives to members.
Learn More📈Analysis of Cboe's New Fee Schedule for SPEQX Options
The Securities and Exchange Commission has published notice regarding Cboe Exchange's proposed rule change to update its fees schedule for trading SPEQX options, including new transaction fees and programs designed to incentivize market participation. The changes are aimed at fostering liquidity and improving trading opportunities within the market for these specific options.
Learn More📉IEX Proposes Rule Change on Post Only Orders for Liquidity
The Investors Exchange LLC proposes a modification to its Post Only order type, requiring a minimum price improvement of $0.01 for execution upon entry. This change aims to encourage the posting of displayed liquidity and enhance market efficiency, aligning IEX with similar practices in other exchanges. The new rules are set to provide greater price determination for members and streamline trading operations.
Learn More💰IEX Proposes New Market Quality Incentives for Increased Liquidity
The Securities and Exchange Commission has published a notice regarding the Investors Exchange LLC's proposal to amend its fee schedule, establishing a Supplemental Market Quality Program. This initiative aims to boost displayed liquidity and order flow by providing financial incentives for members who meet specific trading activity criteria in designated securities.
Learn More📈Cboe EDGA Exchange Launches NBBO Setter Program for Market Quality
The Cboe EDGA Exchange has proposed a rule change to amend its Fee Schedule by introducing an NBBO Setter Program aimed at enhancing market quality in illiquid securities. This program features new fee code SS and a Definitions section for clarity, offering rebates to traders who set a better National Best Bid and Offer (NBBO). It emphasizes the need for competitive pricing in a dynamic market environment.
Learn More📈MEMX Announces New Tape C Quoting Tier for Equities Trading
The Securities and Exchange Commission has published a notice regarding MEMX LLC's proposed rule change, introducing the Tape C Quoting Tier. This amendment aims to provide additive rebates for trading in Tape C securities, thereby enhancing liquidity and market quality, allowing for improved trading conditions within a competitive exchange landscape.
Learn More💹Proposed Changes to NYSE American Fees May Impact Trading Strategies
The NYSE American LLC has filed a notice regarding proposed amendments to transaction fees and credits for Electronic Designated Market Makers. These changes aim to enhance liquidity and competitiveness in the market, responding to the evolving trading landscape and investor needs. The proposal includes introducing a new higher credit option for eDMMs to incentivize increased liquidity provision.
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