Exchange Waives Fees for Auction Trades by Market Makers
Published Date: 2/26/2025
Notice
Summary
Cboe BZX Exchange just made a smart move to help Lead Market Makers save money by making certain trades during the Opening and Closing Auctions free. This change adds fee code AN to their fee schedule and kicks in right away, meaning Lead Market Makers can enjoy these savings starting now. If you’re involved in these trades, this update is definitely good news for your wallet!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Lead Market Makers: Opening/Closing Fee Waiver
If you are a Lead Market Maker on the Cboe BZX Exchange, continuous book executions that occur in the Opening and Closing Auctions are made free under fee code AN. The Exchange filed this change on February 12, 2025 and designated the rule change as immediately effective, so the fee waiver applies from the filing date.
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