# 2025-20691: SEC Notes BOX Exchange's Order Rebate Schedule Update

2025-20691, Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the QOO and FOO Order Rebate in Section V. (Manual Transaction Fees) of the Fee Schedule for Trading on the BOX Options Market LLC Facility, is a Federal Register notice from Securities and Exchange Commission published 2025-11-24, effective 2025-10-01 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-20691
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-20691
- Title: Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the QOO and FOO Order Rebate in Section V. (Manual Transaction Fees) of the Fee Schedule for Trading on the BOX Options Market LLC Facility
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 53035
- Published: 2025-11-24
- Effective: 2025-10-01
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Notes BOX Exchange's Order Rebate Schedule Update

## Summary

BOX Exchange is boosting rebates for QOO and FOO orders to reward traders who use manual transaction methods. This change kicks in on October 1, 2025, making it cheaper and more attractive to trade on the BOX Options Market. Traders using these order types will see better savings right away!

## Effects PRIA read

- Floor Broker Rebate Raised to $0.20: benefit, medium. If you are a Floor Broker on BOX who submits QOO or FOO orders, you will receive an enhanced rebate of $0.20 per contract for executions that trade with a Floor Market Maker. This replaces the prior rebates of $0.10 per contract (Broker Dealer and Market Maker) and $0.05 per contract (Professional…
- Who Is Not Eligible for Enhanced Rebate: cost, low. The enhanced $0.20 per contract rebate will not apply to Public Customer executions, executions subject to Section V.D (Strategy QOO Order Fee Cap and Rebate & Strategy FOO Order Fee Cap and Rebate), or Broker Dealer executions where the Broker Dealer is facilitating a Public Customer. Those exclud…
- Goal: Attract Order Flow and Increase Liquidity: benefit, medium. BOX says the enhanced rebate is designed to attract order flow to the BOX Trading Floor and to encourage Floor Broker liquidity. The Exchange states this could improve liquidity and create increased trading opportunities for market participants.

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## Sources
- [2025-20691 on federalregister.gov](https://www.federalregister.gov/documents/2025/11/24/2025-20691/self-regulatory-organizations-box-exchange-llc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-20691 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-11-24/pdf/2025-20691.pdf)

## Related
- [Previous: 2025-20690, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immedi…](https://policyrisk.com/federal-register/2025-20690)
- [Next: 2025-20692, Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-20692)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-20691 (as of 2026-06-08).