📈Proposed Rule Change on Nasdaq Options Market Fees and Rebates
The SEC publishes a notice regarding Nasdaq's proposed rule changes to amend fees and rebates for the Nasdaq Options Market. Key changes include adjustments to NOM Market Maker fee structures, aiming to incentivize liquidity addition in Non-Penny Symbols. The proposal seeks to enhance competition and promote market efficiency among participants.
Learn More📈Proposed Changes to Cboe EDGX Fee Schedule Impacting Trading
The proposed rule change by Cboe EDGX Exchange aims to amend fees by modifying Add Volume Tier 8 criteria and decreasing the associated rebate. These changes reflect market competitiveness and are designed to encourage order flow to the exchange, which could enhance market liquidity and execution quality. The revised structure impacts trading strategies and rebate generation for members.
Learn More💰New Fees for Cboe BZX Unitized Ports and ADO/ADQ Impact
Cboe BZX Exchange proposes new fees for its Unitized Logical Ports and introduces Average Daily Order and Average Daily Quote fees. These changes aim to enhance trading efficiency while managing network capacity, affecting the operational strategies of market participants and their cost structures.
Learn More📉MIAX Pearl Fee Schedule Changes Effective August 2025
The Securities and Exchange Commission has announced a modification to the MIAX Pearl Equities Fee Schedule, focusing on amendments to rebate structures for executions of orders in securities priced at or above $1.00 per share. The changes aim to enhance competitive positioning while ensuring the clarity and consistency of associated liquidity indicator codes.
Learn More💹Cboe BZX Exchange Updates Fees for 10 Gb Physical Ports
The Securities and Exchange Commission has published a notice regarding Cboe BZX Exchange's proposed rule change to amend its fee schedule. This change will raise the monthly fee for 10 Gb physical port connections from $7,500 to $8,500. The regulation aims to support improvements in market technology and services while remaining competitive with similar exchanges.
Learn More💰LTSE's Liquidity Incentive Program
The LTSE has proposed a Liquidity Incentive Program aimed at enhancing market quality and liquidity through new incentives for market participants. The program proposes to amend the fee schedule and reward members for quoting at the national best bid and offer. By strategically encouraging liquidity in both LIP Enhanced and LIP Standard Securities, it aims to improve trading conditions across the exchange.
Learn More💹Cboe BZX Exchange Fee Schedule Changes and Implications for Businesses
The Cboe BZX Exchange announces a proposed amendment to its fee schedule, adjusting volume tiers and rebates in response to competitive market dynamics. The changes include revising criteria for Add Volume Tiers and introducing an Ex-Subdollar ADAV calculation to enhance liquidity incentives, ultimately promoting increased market participation and trading volume.
Learn More📊MIAX Emerald Extends Discount Program for Open-Close Report Data
The SEC announces MIAX Emerald's proposal to extend a 20% discount program for its Open-Close Report data until December 2025. This initiative aims to enhance accessibility and attract subscribers to historical trading data, which is vital for analyzing market trends and making informed trading decisions. The program targets both members and non-members of the exchange.
Learn More💻Cboe EDGA's Proposed Fees for Dedicated Cores
The SEC has published a notice regarding Cboe EDGA Exchange's proposed fee changes for Dedicated Cores, which aim to enhance trading efficiency. The changes introduce a tiered pricing model and a limit on the number of cores accessible to Users, reflecting the growing demand for reduced trading latency and improved performance while maintaining fair resource allocation among participants.
Learn More📈Nasdaq Proposes Rule Change on Transaction Credits for 2025
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.
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