# 2025-15838: BOX Dumps Liquidity Taker Reports and Saves Fees

2025-15838, Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7350 (Reports and Market Data Products) and Section III.C.2. (Liquidity Taker Event Reports) of the Fee Schedule To Remove the Liquidity Taker Event Reports and the Related Fees, is a Federal Register notice from Securities and Exchange Commission published 2025-08-20, effective 2025-08-08 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-15838
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-15838
- Title: Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7350 (Reports and Market Data Products) and Section III.C.2. (Liquidity Taker Event Reports) of the Fee Schedule To Remove the Liquidity Taker Event Reports and the Related Fees
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 40684
- Published: 2025-08-20
- Effective: 2025-08-08
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

BOX Dumps Liquidity Taker Reports and Saves Fees

## Summary

BOX Exchange is dropping the Liquidity Taker Event Reports and the fees that come with them, starting right away. Traders and firms using these reports will no longer have to pay for or receive them. This change makes things simpler and saves money for those involved.

## Effects PRIA read

- BOX removes liquidity-taker reports: benefit, low. BOX Exchange deleted Liquidity Taker Event Report—Simple Orders (Rule 7350(b)) and Liquidity Taker Event Report—Complex Orders (Rule 7350(c)) from Rule 7350 and removed Section III.C.2 (Liquidity Taker Event Reports) from its Fee Schedule. The change became operative upon filing on August 8, 2025,…
- No current subscribers impacted: benefit, low. The Exchange states the Liquidity Taker Event Reports were never made available for purchase and there are no existing subscribers to those Reports. Because of that, BOX says the removal of the Reports and related fees will not affect any current Participants financially.

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## Sources
- [2025-15838 on federalregister.gov](https://www.federalregister.gov/documents/2025/08/20/2025-15838/self-regulatory-organizations-box-exchange-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-15838 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-08-20/pdf/2025-15838.pdf)

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- [Previous: 2025-15837, Self-Regulatory Organizations; National Securities Clearing Corporation; Notice…](https://policyrisk.com/federal-register/2025-15837)
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Source: PRIA, https://policyrisk.com/federal-register/2025-15838 (as of 2026-06-08).