Cboe BZX Axes Obscure Non-Displayed Fee Tier Overnight
Published Date: 1/30/2025
Notice
Summary
Cboe BZX Exchange is shaking up its fee schedule by removing the Non-Displayed Add Volume Tier 5. This change affects traders who use hidden orders and takes effect immediately, potentially changing how much they pay in fees. The SEC is open to feedback for the next 60 days, so keep an eye out if you want to weigh in!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Hidden-order fee tier removed
Cboe BZX Exchange removed the "Non-Displayed Add Volume Tier 5" from its Fee Schedule effective upon filing on January 17, 2025. If you trade using non-displayed (hidden) orders, this change may alter how much you pay in exchange fees when trading on BZX. The SEC is accepting comments on the filing through February 20, 2025.
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