24X Exchange Boosts Rebates: More Cash for Adding Orders Now
Published Date: 3/16/2026
Notice
Summary
24X National Exchange is changing how it pays rebates to its members who trade on the platform. Starting now, members will get bigger rebates when they add visible orders to the exchange, encouraging more active trading. These changes take effect immediately and aim to make trading on 24X more rewarding and lively for everyone involved.
Analyzed Economic Effects
5 provisions identified: 3 benefits, 2 costs, 0 mixed.
Exchange says liquidity and price discovery could improve
The Exchange states the higher rebate for displayed liquidity and other rebate changes are intended to encourage Members to submit more liquidity-providing orders, which the Exchange says would support price discovery and provide additional liquidity for incoming orders.
Higher rebate for displayed orders
Starting with the filing on February 26, 2026, 24X will pay a larger rebate for orders that are displayed on the 24X Book and add liquidity in securities priced at or above $1.00 per share. The rebate increases from $0.00295 per share to $0.0034 per share for those added displayed executions.
Lower rebate for midpoint orders (>= $1)
As filed on February 26, 2026, 24X reduces the rebate for orders that add liquidity with a Midpoint Peg instruction in securities priced at or above $1.00 per share. The rebate decreases from $0.00295 per share to $0.0025 per share for those Added Midpoint executions.
Lower rebate for midpoint orders (below $1)
24X also reduces the rebate for Added Midpoint executions in securities priced below $1.00 per share. The rebate changes from 0.075% of total dollar value to 0.065% of total dollar value for those transactions, effective with the February 26, 2026 filing.
Same rebate for all Members
The filing states the amended rebates apply to all Exchange Members regardless of how many orders they submit or how much they trade. There are no different rebate tiers based on a Member's overall trading volume.
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