Federal Register #SR-24X-2026-13

SEC Notice: 24X National Exchange LLC Proposes Reduced Transaction Fees for Sub-$1 Securities

This notice concerns a proposed rule change by 24X National Exchange LLC, as published by the Securities and Exchange Commission (SEC): - The rule change amends transaction fees for exchange members - Reduces the fee for executions of both non-retail and retail orders that remove liquidity from the 24X Book for securities priced below $1.00 per share - Fee is reduced from 0.15% to 0.09% of total dollar value - Applies to all members, regardless of trading volume - The change is designed to incentivize increased liquidity-providing orders, promote market quality, and enhance price discovery - The notice references competitive fee structures at other exchanges, including Long-Term Stock Exchange, Cboe EDGA, MIAX Pearl, and NYSE Texas - No procurement of products or services is involved; this is a regulatory action affecting transaction fees for exchange members - The SEC office at 100 F Street NE, Washington, DC, is the point of contact for this notice

Description

The Securities and Exchange Commission has filed a proposed rule change by the 24X National Exchange LLC to amend the transaction fees applicable to members of the exchange. The proposed changes include reducing the fee for executions of non-retail and retail orders that remove liquidity from the 24X Book for securities priced below $1.00 per share from 0.15% to 0.09% of total dollar value. The rule change aims to promote order flow, market quality, and price discovery by incentivizing members to increase liquidity-providing orders. The proposed rule change is effective immediately upon filing and is subject to public comment.

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