# 2026-10829: Cboe BZX Tweaks Equity Trading Fee Tiers Again

2026-10829, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fee Schedule, is a Federal Register notice from Securities and Exchange Commission published 2026-06-01, effective 2026-05-01; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-10829
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-10829
- Title: Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fee Schedule
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 32460
- Published: 2026-06-01
- Effective: 2026-05-01
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Cboe BZX Tweaks Equity Trading Fee Tiers Again

## Summary

Cboe BZX Exchange is updating its fee schedule starting now! They’re adding two new quoting tiers, changing the rules for one volume tier, and getting rid of Step-Up Tier 1. Traders using the BZX Equities platform will see these changes immediately, which could affect their trading costs.

## Effects PRIA read

- New Member Quoting Tier ($0.0027): benefit, medium. If your firm is a BZX Exchange Member, the Exchange added a Member Quoting Tier that pays an enhanced rebate of $0.0027 per share for qualifying displayed add-liquidity orders in securities priced at or above $1.00. To qualify the Member must meet criteria including an NBBO Time >=25% (daily) in an…
- New MPID Quoting Tier ($0.0027): benefit, medium. The Exchange added an MPID Quoting Tier that pays an enhanced rebate of $0.0027 per share for qualifying displayed add-liquidity orders in securities priced at or above $1.00 where an MPID has an MPID NBBO Time >=25% (daily) in an average of at least 750 securities during the prior month. The May 2…
- Add Volume Tier 4 Criteria Revised: benefit, medium. Add Volume Tier 4 will continue to pay a rebate of $0.0028 per share for qualifying add-liquidity orders in securities priced at or above $1.00, but the Exchange removed the NBBO Size requirement and set the criteria to: enrollment in at least 50 BZX-listed LMP Securities meeting (i) NBBO Time >=15…
- Step‑Up Tier 1 Discontinued: cost, low. The Exchange is removing Step‑Up Tier 1 from its Fee Schedule because that tier's expiration date of March 31, 2026 has occurred; the tier will no longer be available for any Member. The Exchange stated it will redirect resources and funding from that expired tier to other programs and tiers.
- Timing: May 2026 Activity, Payments June 2026: mixed, low. For the newly introduced Member Quoting Tier and MPID Quoting Tier, the Exchange will use quoting and trading activity from May 2026 to calculate whether Members/MPIDs meet the criteria; tier payments for those who qualify based on May activity will begin in June 2026. The Exchange states the overa…

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## Sources
- [2026-10829 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/01/2026-10829/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-10829 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-01/pdf/2026-10829.pdf)

## Related
- [Previous: 2026-10828, Agency Information Collection Activities: FNS 245-SNAP Negative Case Action Rev…](https://policyrisk.com/federal-register/2026-10828)
- [Next: 2026-10830, Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and I…](https://policyrisk.com/federal-register/2026-10830)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-10829 (as of 2026-06-08).