BOX Exchange Boosts Rebates for Floor Brokers on Obscure Orders
Published Date: 2/20/2025
Notice
Summary
BOX Exchange is boosting the rebates paid to floor brokers for certain QOO and FOO orders from broker-dealers and market makers on their trading floor. This change means floor brokers get more money back when they handle these orders, starting immediately. If you’re a floor broker or involved in these trades, expect a nicer payout from now on!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher QOO/FOO Rebates for Floor Brokers
If you are a floor broker on the BOX Options Market trading floor, the Exchange increased the QOO and FOO order rebate paid to floor brokers for all broker-dealer and market-maker QOO and FOO orders. The rule filing was submitted on February 3, 2025 and the Exchange designated it for immediate effectiveness, so the higher rebate applies now.
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