# 2026-22852: Exchange Raises Fees for Traders Who Remove Market Liquidity

2026-22852, Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Transaction Fees Applicable to Members of the Exchange, is a Federal Register notice from Securities and Exchange Commission published 2026-11-10, effective 2026-11-02; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22852
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22852
- Title: Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Transaction Fees Applicable to Members of the Exchange
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 72588
- Published: 2026-11-10
- Effective: 2026-11-02
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Exchange Raises Fees for Traders Who Remove Market Liquidity

## Summary

Starting November 2, 2026, 24X National Exchange is changing the fees its members pay when they make trades that remove liquidity from the exchange. Both retail and non-retail traders will see higher fees, so members should get ready for a bit more cost when trading. This update affects anyone trading on 24X and aims to keep the exchange running smoothly and fairly.

## Effects PRIA read

- Higher fees for sub-dollar trades: cost, medium. If you trade on 24X and your orders remove liquidity in securities priced below $1.00 per share, the fee on those executions increases from 0.09% to 0.28% of the total dollar value of the transaction starting November 2, 2026. This change applies to both retail and non-retail removed-liquidity exec…
- No volume-based fee discounts: cost, low. The amended fee applies equally to all Members regardless of the number of orders submitted or transactions executed; there are no different fees based on a Member's overall trading volume. The same 0.28% fee for Removed Sub-Dollar Volume will therefore be charged to all Members starting November 2…

## Related documents

- [2026-21037](https://policyrisk.com/federal-register/2026-21037): Investment Company Cross Trading, 2026-10-15
- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21

## Sources
- [2026-22852 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/10/2026-22852/self-regulatory-organizations-24x-national-exchange-llc-notice-of-filing-and-immediate-effectiveness)
- [2026-22852 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-10/pdf/2026-22852.pdf)

## Related
- [Previous: 2026-22851, Self-Regulatory Organizations; Fixed Income Clearing Corporation; Order Institu…](https://policyrisk.com/federal-register/2026-22851)
- [Next: 2026-22853, Horizon Investments, LLC and Horizon Funds](https://policyrisk.com/federal-register/2026-22853)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22852 (as of 2026-11-11).