SEC Approves Snooze-Fest Fee Tweaks for 24X Exchange Traders
Published Date: 11/24/2025
Notice
Summary
24X National Exchange is changing the fees and rebates for its members, especially for stocks priced under $1.00. Starting soon, members will pay less when they take liquidity and get adjusted rebates when they add liquidity. These updates aim to make trading fairer and more cost-effective for everyone involved.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
No net capture now; pricing may change later
For stocks under $1.00, 24X will pay the same rebate (0.15%) as the fee it charges for removing liquidity (0.15%), so the Exchange will have no net capture on those transactions while this pricing is in effect. The Exchange says it may modify its pricing later after it gains participation.
Lower fee when you take liquidity
If you trade stocks priced below $1.00 on 24X and you remove liquidity, the fee for that execution falls from 0.28% of total dollar value to 0.15% of total dollar value. This change is effective October 14, 2025.
Higher rebate when you add displayed liquidity
If you add displayed liquidity in stocks priced below $1.00 on 24X, the rebate for that execution increases from 0.075% of total dollar value to 0.15% of total dollar value. This change is effective October 14, 2025.
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