Federal Register #SR-CboeBZX-2026-084

SEC notice on Cboe BZX Exchange’s proposed Step-Up Tier 1 fee schedule change

The SEC notice concerns a proposed change to Cboe BZX Exchange’s equities trading fee schedule, not a government purchase. - Government agency: U.S. Securities and Exchange Commission (SEC). - Organization named: Cboe BZX Exchange, Inc., which filed the proposed rule change. - Proposal: Add Step-Up Tier 1 to the BZX Equities fee schedule, offering qualifying orders a rebate of $0.0028 per share if specified volume-growth and Cboe Market Close average daily volume criteria are met. - Related changes: Add associated fee-schedule definitions and update the fee-code table. The proposed tier would be temporary and subject to an expiration deadline. - Procurement status: This is a regulatory notice inviting public comment. No products, services, quantities, or vendors are being solicited.

Description

Cboe BZX Exchange, Inc. proposes to amend its equities trading platform fee schedule by introducing Step-Up Tier 1 under footnote 2. The tier would offer qualifying orders a rebate of $0.0028 per share based on specified volume-growth criteria and Cboe Market Close average daily volume. The Exchange also proposes related definitions and changes to its fee-code table; the tier would expire no later than February 28, 2027. The Securities and Exchange Commission notice invites comments on the proposed rule change.

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