Cboe BYX Eyes Better Deals on Sub-$1 Stocks with SEC Delay
Published Date: 5/5/2025
Notice
Summary
Cboe BYX Exchange wants to improve its Retail Price Improvement (RPI) program by adding a cooler Enhanced RPI Order and including stocks priced under $1. The SEC is taking extra time, now until June 18, 2025, to decide if these changes get the green light. This affects traders and investors who could see better prices and more options soon!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Proposal: New Enhanced RPI Order
Cboe BYX filed a proposed rule change on March 13, 2025, to modify Rule 11.24 to introduce an "Enhanced RPI Order." The Securities and Exchange Commission has until June 18, 2025, to approve, disapprove, or institute proceedings on that proposal.
Proposal: RPI Program for Sub-$1 Securities
Cboe BYX proposed expanding its Retail Price Improvement (RPI) Program to include securities priced below $1.00. The SEC extended its review and will act by June 18, 2025, on whether to approve or disapprove that proposed expansion.
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