Notice
17 Apr 2025
finance, securities exchange, liquidity, cboe edga, trading fee schedule, market quality
📈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.
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