Notice2026-05126
Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt the Initial Fees and Rebates Applicable to Retail Orders
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 17, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 51 (Tuesday, March 17, 2026)</title>
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[Federal Register Volume 91, Number 51 (Tuesday, March 17, 2026)]
[Notices]
[Pages 12845-12848]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05126]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-104979; File No. SR-24X-2026-07]
Self-Regulatory Organizations; 24X National Exchange LLC; Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt
the Initial Fees and Rebates Applicable to Retail Orders
March 12, 2026.
Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given
that, on February 27, 2026, 24X National Exchange LLC (``24X'' or the
``Exchange'') filed with the Securities and Exchange Commission (the
``Commission'') the proposed rule change as described in Items I, II,
and III below, which Items have been prepared by the self-regulatory
organization. The Commission is publishing this notice to solicit
comments on the proposed rule change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to adopt the initial fees and rebates
applicable to retail orders \4\ executed by Retail Member Organizations
(``RMOs'') \5\ of the Exchange pursuant to Exchange Rule 15.1(a) and
(c). The proposed rule change is available on the Exchange's website at
<a href="https://equities.24exchange.com/regulation">https://equities.24exchange.com/regulation</a> and at the principal office
of the Exchange.
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\4\ See Exchange Rule 11.24(a)(2).
\5\ See Exchange Rule 11.24(a)(1).
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II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
Below is a description of the fees and rebates that the Exchange
intends to impose on retail orders, which will be applicable in all
trading sessions. Under the proposed amended fee schedule (``Fee
Schedule''), the Exchange will continue to operate a ``Maker-Taker''
model whereby it provides rebates to RMOs that provide liquidity and
charges fees to those that remove liquidity, as further described
below. The Exchange does not initially propose to charge different fees
or provide different rebates depending on the number of retail orders
submitted to, or executed on or through, the Exchange. Accordingly, all
fees and rebates described below are applicable to all RMOs, regardless
of the overall volume of an RMO's trading activities on the Exchange.
(1) Standard Fee for Removed Volume
The Exchange proposes to charge a standard fee of $0.00295 per
share for executions of retail orders that remove liquidity from the
24X Book \6\ (``Removed Volume'') in all securities traded on the
Exchange priced at or above $1.00 per share.\7\
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\6\ ``24X Book'' refers to the Exchange system's electronic file
of orders. See Exchange Rule 1.5(a).
\7\ Such executions will be indicated by the following fee codes
in execution reports provided by the Exchange: ``102'' for Removed
Volume retail orders (described in the Fee Schedule as ``Removed
volume''), ``160'' for Removed Volume retail orders that remove
liquidity from the Exchange upon entry into the System (see Exchange
Rule 1.5(hh)) (described in the Fee Schedule as ``Removed volume on
entry''), and ``161'' for Removed Volume retail orders that result
in immediate removal of the midpoint (described in the Fee Schedule
as ``Removed volume--immediate Midpoint removed'').
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(2) Standard Rebate for Added Displayed Volume
The Exchange proposes to provide a standard rebate of $0.0038 per
share in all securities traded on the Exchange priced at or above $1.00
per share for executions of retail orders that are displayed on the 24X
Book and add liquidity to the Exchange (``Added Displayed Volume'').\8\
The proposed standard rebate for Added Displayed Volume would apply to
the Reserve Quantity \9\ of a retail order such that any replenishment
amount of the Reserve Quantity of an order that is executed against
would be treated as Added Displayed Volume even though such portion of
the order was not displayed on the 24X Book prior to the order being
replenished in accordance with the RMO's instructions and the
Exchange's rules. The entire portion of the Reserve Quantity of an
order would be eligible for this rebate, but an RMO would only receive
such rebate for any portions of the Reserve Quantity that are executed
against.
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\8\ Such executions will be indicated by the following fee codes
in execution reports provided by the Exchange: ``101'' for Added
Displayed Volume retail orders (described in the Fee Schedule as
``Added displayed volume''), ``153'' for Added Displayed Volume
retail orders that improve the National Best Bid/Offer (``NBBO'')
(described in the Fee Schedule as ``Added displayed volume--NBBO
improved''), ``154'' for Added Displayed Volume retail orders that
join the NBBO (described in the Fee Schedule as ``Added displayed
volume--NBBO joined''), and ``162'' for Added Displayed Volume
retail orders that result in price improvement (described in the Fee
Schedule as ``Added displayed volume--price improvement'').
\9\ ``Reserve Quantity'' refers to the portion of an order that
includes a Non-Displayed instruction in which a portion of that
order is also displayed on the 24X Book. See Exchange Rule 11.6(k).
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(3) Standard Rebate for Added Non-Displayed Volume
The Exchange proposes to provide a standard rebate of $0.0025 per
share for executions of retail orders that add liquidity to the
Exchange, are not displayed on the 24X Book, and do not include a
Midpoint Peg instruction (``Added Non-Displayed Volume''), in all
securities traded on the Exchange priced at or above $1.00 per
share.\10\ The proposed amended Fee Schedule will also provide a
standard rebate of $0.0025 per share for Added Non-Displayed Volume
retail transactions that include a Midpoint Peg instruction (``Added
Midpoint Volume'') in all securities traded on the Exchange priced at
or above $1.00 per share.\11\
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\10\ Such executions will be indicated by the following fee
codes in execution reports provided by the Exchange: ``151'' for
Added Non-Displayed Volume retail orders (described in the Fee
Schedule as ``Added non-displayed volume'') and ``163'' for Added
Non-Displayed Volume retail orders that result in price improvement
(described in the Fee Schedule as ``Added non-displayed volume--
price improvement'').
\11\ Such executions will be indicated by fee code ``152'' in
execution reports provided by the Exchange and described as ``Added
Midpoint'' in the Fee Schedule.
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The Exchange proposes to provide a higher rebate for executions of
Added Displayed Volume retail transactions than for executions of Added
Non-Displayed Volume retail transactions to incentivize displayed
liquidity over non-displayed liquidity on the Exchange, including
retail orders with a
[[Page 12846]]
displayed component and a non-displayed component (i.e., orders with a
Reserve Quantity), in order to encourage and facilitate price discovery
and price formation, which the Exchange believes benefits all Members
\12\ and investors.
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\12\ See Exchange Rule 1.5(u).
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(4) Standard Fee for Routed Removed Volume
The Exchange proposes to charge a standard fee of $0.0030 per share
for all retail orders routed to another market that are executed on an
away market and remove liquidity from the market to which they were
routed (``Routed Removed Volume''), in all securities traded on the
Exchange priced at or above $1.00 per share.\13\ All charges by the
Exchange for routing are applicable only in the event that a retail
order is executed; there is no charge for orders that are routed away
from the Exchange but are not filled. The Exchange notes that the fees
for routing relate to retail orders routed through the Exchange's
third-party broker-dealers. Routing services offered by the Exchange
are completely optional and market participants can readily select
between various providers of routing services, including other
exchanges and broker-dealers.
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\13\ Such executions will be indicated by fee code ``103'' in
execution reports provided by the Exchange and described as ``Routed
removed volume'' in the Fee Schedule.
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(5) Securities Priced Below $1.00 per Share
The Exchange proposes to charge a standard fee of 0.15% of the
total dollar value of any retail transaction in securities priced below
$1.00 per share (``Sub-Dollar Securities'') that removes liquidity from
the Exchange (``Removed Sub-Dollar Volume'').\14\ The Exchange also
proposes to provide a standard rebate of 0.15% of the total dollar
value of any retail transaction in Sub-Dollar Securities that adds
displayed liquidity to the Exchange (``Added Sub-Dollar Volume'').\15\
The Exchange also proposes to provide a standard rebate of 0.065% of
the total dollar value of any retail transaction in Sub-Dollar
Securities that adds non-displayed liquidity to the Exchange and does
not include a Midpoint Peg instruction (``Added Non-Displayed Sub-
Dollar Volume'').\16\ The Exchange also proposes to provide a standard
rebate of 0.065% of the total dollar value of any retail transaction in
Sub-Dollar Securities that adds non-displayed liquidity to the Exchange
and includes a Midpoint Peg instruction (``Added Midpoint Sub-Dollar
Volume'').\17\ The Exchange also proposes to charge a standard fee of
0.30% of the total dollar value of any retail transaction in Sub-Dollar
Securities that is routed to and executed at another market center
(``Routed Removed Sub-Dollar Volume'').\18\
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\14\ Such executions correspond to fee codes ``102,'' ``160,''
and ``161.'' See supra note 7.
\15\ Such executions correspond to fee codes ``101,'' ``153,''
``154,'' and ``162.'' See supra note 8.
\16\ Such executions correspond to fee codes ``151'' and
``163.'' See supra note 10.
\17\ Such executions correspond to fee code ``152.'' See supra
note 11.
\18\ Such executions correspond to fee code ``103.'' See supra
note 13.
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The proposed rebate for executions of Added Sub-Dollar Volume is
intended to promote retail order flow in Sub-Dollar Securities to the
Exchange by incentivizing RMOs to increase the liquidity-providing
retail orders in Sub-Dollar Securities they submit to the Exchange,
which would support price discovery on the Exchange and provide
additional liquidity for incoming orders.
The proposed rule change does not include different fees or rebates
for retail transactions in Sub-Dollar Securities that depend on the
number of orders submitted to, or transactions executed on or through,
the Exchange. Accordingly, all fees and rebates described above are
applicable to all RMOs, regardless of the overall volume of an RMO's
trading activities on the Exchange.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6(b) \19\ of the Act in general, and
furthers the objectives of Section 6(b)(4) \20\ of the Act, in
particular, in that it is designed to provide for the equitable
allocation of reasonable dues, fees, and other charges among its
Members and other persons using its facilities. Additionally, the
Exchange believes that the proposed fees and rebates are consistent
with the objectives of Section 6(b)(5) \21\ of the Act in that they are
designed to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to and
perfect the mechanism of a free and open market and national market
system, and, in general, to protect investors and the public interest,
and, particularly, are not designed to permit unfair discrimination
between customers, issuers, brokers, or dealers.
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\19\ 15 U.S.C. 78f.
\20\ 15 U.S.C. 78f(b)(4).
\21\ 15 U.S.C. 78f(b)(5).
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The Exchange operates in a highly competitive market in which
market participants can readily direct order flow to competing venues
if they deem fee levels at a particular venue to be excessive or
incentives to be insufficient. The Exchange believes that the proposed
amended Fee Schedule reflects a simple and competitive pricing
structure designed to incentivize market participants to add
aggressively priced displayed liquidity and direct their retail order
flow to the Exchange, which the Exchange believes would promote price
discovery and price formation and deepen liquidity that is subject to
the Exchange's transparency, regulation, and oversight as an exchange,
thereby enhancing market quality to the benefit of all Members and
investors.
The Commission and the courts have repeatedly expressed their
preference for competition over regulatory intervention in determining
prices, products, and services in the securities markets. In Regulation
NMS, while adopting a series of steps to improve the current market
model, the Commission highlighted the importance of market forces in
determining prices and SRO revenues, and also recognized that current
regulation of the market system ``has been remarkably successful in
promoting market competition in its broader forms that are most
important to investors and listed companies.'' \22\
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\22\ Securities Exchange Act Release No. 51808 (June 9, 2005),
70 FR 37496, 37499 (June 29, 2005) (``Regulation NMS Adopting
Release'').
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The Exchange believes that it is appropriate, reasonable, and
consistent with the Act to charge a standard fee of $0.00295 per share
for Removed Volume retail transactions, and a standard fee of 0.15% of
the total dollar value for Removed Sub-Dollar Volume retail
transactions, because they are comparable to the retail transaction
fees charged by other exchanges for removing liquidity.\23\ The
Exchange further believes that these fees are equitably allocated and
not unfairly discriminatory because they apply equally to all RMOs and,
when coupled with higher rebates for adding retail liquidity, as
described below, are designed to facilitate increased activity
[[Page 12847]]
on the Exchange to the benefit of all Members by providing more trading
opportunities and promoting price discovery.
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\23\ See, e.g., MEMX LLC (``MEMX'') Equities Fee Schedule,
available at: <a href="https://info.memxtrading.com/equities-trading-resources/us-equities-fee-schedule/">https://info.memxtrading.com/equities-trading-resources/us-equities-fee-schedule/</a>; MIAX PEARL LLC (``MIAX Pearl'')
Equities Fee Schedule, available at: <a href="https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_08012025.pdf">https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_08012025.pdf</a>. MEMX and MIAX Pearl
are appropriate comparisons because their market share is similar to
that of the Exchange.
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The Exchange believes that it is appropriate, reasonable, and
consistent with the Act to provide a standard rebate of $0.0038 per
share for Added Displayed Volume retail transactions, and a standard
rebate of 0.15% of the total dollar value for Added Sub-Dollar Volume
retail transactions, because these rebates are comparable to retail
transaction rebates provided by other exchanges.\24\ The Exchange
further believes that this rebate structure is equitably allocated and
not unfairly discriminatory because it applies equally to all RMOs.
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\24\ Id.
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The Exchange believes that charging a fee to the liquidity remover,
and providing a rebate to the liquidity adder, is reasonable,
equitable, and not unfairly discriminatory because it incentivizes
liquidity provision on the Exchange. The Exchange also notes that
several other exchanges charge fees for removing liquidity and provide
rebates for adding liquidity, and that this aspect of the Exchange's
proposed amended Fee Schedule does not raise any new or novel issues
that have not previously been considered by the Commission in
connection with the fees and rebates of other exchanges.
The Exchange believes that it is appropriate, reasonable, and
consistent with the Act to provide a standard rebate of $0.0025 per
share for Added Non-Displayed Volume and Added Midpoint Volume retail
transactions, and a standard rebate of 0.065% of the total dollar value
for Added Non-Displayed Sub-Dollar Volume and Added Midpoint Sub-Dollar
Volume retail transactions, because they are comparable to the rebates
provided by other exchanges for similar transactions.\25\
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\25\ Id.
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The Exchange also believes that it is reasonable, equitable, and
not unfairly discriminatory to provide a higher rebate for Added
Displayed Volume retail transactions than for Added Non-Displayed
Volume retail transactions, as this rebate structure is designed to
incentivize RMOs to send the Exchange displayable retail orders,
thereby contributing to price discovery and price formation, consistent
with the overall goal of enhancing market quality. Moreover, the
Exchange notes that there are precedents for exchanges to provide
rebates that distinguish between displayed and non-displayed volume to
incentivize displayed orders and facilitate price discovery.\26\
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\26\ See, e.g., Long-Term Stock Exchange Inc. fee schedule,
available at: <a href="https://ltse.com/trading/fee-schedules">https://ltse.com/trading/fee-schedules</a>; MIAX Pearl fee
schedule, available at: <a href="https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_08012025.pdf">https://www.miaxglobal.com/sites/default/files/fee_schedule-files/MIAX_Pearl_Equities_Fee_Schedule_08012025.pdf</a>.
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The Exchange notes that under the proposed amended Fee Schedule it
will pay a higher rebate for Added Displayed Volume retail transactions
than the fee it charges for removing such volume for transactions
priced at or above $1.00 per share, and as such the Exchange will have
negative net capture with respect to such transactions. As noted above,
the Exchange operates in a highly competitive market, and the Exchange
believes this pricing structure will enable it to effectively compete
with other exchanges by attracting RMOs and retail order flow to the
Exchange, which will help the Exchange to gain market share for
executions. The Exchange may determine to modify its pricing structure
after it has gained sufficient participation from market participants
to instead be profitable with respect to such transactions. The
Exchange believes the initial retail pricing structure, including the
negative net capture for Added Displayed Volume retail transactions
priced at or above $1.00 per share, is designed to incentivize market
participants to add aggressively priced displayed liquidity and direct
their retail order flow to the Exchange, which the Exchange believes
would promote price discovery and price formation and deepen liquidity
that is subject to the Exchange's transparency, regulation, and
oversight as an exchange, thereby enhancing market quality to the
benefit of all Members and investors. The Exchange does not believe
that the negative net capture with respect to Added Displayed Volume
retail transactions priced at or above $1.00 per share will materially
impact the capitalization of the Exchange or otherwise impair the
Exchange's ability to operate or regulate itself. The Exchange is well-
capitalized and the Exchange's parent company, 24X US Holdings LLC, has
agreed to provide adequate funding for the Exchange's operations,
including the regulation of the Exchange.
With respect to orders routed to other markets, the Exchange also
believes that it is appropriate, reasonable, and consistent with the
Act to charge a standard fee of $0.0030 for Routed Removed Volume
retail transactions and 0.30% of the total dollar value for Routed
Removed Sub-Dollar Volume retail transactions because these fees are
similar to the fees charged by other exchanges for routed orders that
remove liquidity from the destination market.\27\ This fee is intended
to be a simple and transparent fee for RMOs that wish to use routing
services provided by the Exchange. The Exchange reiterates that the
routing services offered by the Exchange are completely optional and
that the Exchange operates in a highly competitive market in which
market participants can readily select between various providers of
routing services with different product offerings and different
pricing. The Exchange believes that its flat fee structure for retail
orders routed to all away venues is a fair and equitable approach to
pricing, as it will provide certainty with respect to execution fees.
The Exchange also believes the standard fee for Routed Removed Volume
retail transactions is an equitable and not an unfairly discriminatory
allocation of fees because it applies equally to all RMOs.
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\27\ See supra note 23.
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In conclusion, the Exchange submits that its proposed retail fee
structure satisfies the requirements of Sections 6(b)(4) and 6(b)(5) of
the Act for the reasons discussed above in that it provides for the
equitable allocation of reasonable dues, fees, and other charges among
its Members and other persons using its facilities, does not permit
unfair discrimination between customers, issuers, brokers, or dealers,
and is designed to promote just and equitable principles of trade, to
remove impediments to and perfect the mechanism of a free and open
market and a national market system and in general to protect investors
and the public interest, particularly as the proposal neither targets
nor will it have a disparate impact on any particular category of
market participant. As described more fully below in the Exchange's
statement regarding the burden on competition, the Exchange believes
that it is subject to significant competitive forces, and that its
proposed fee and rebate structure is an appropriate effort to address
such forces.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
result in any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act. Rather, as
discussed above, the Exchange believes that the proposed change would
encourage the submission of additional retail order flow to a public
exchange, thereby promoting market depth, execution incentives, and
enhanced
[[Page 12848]]
execution opportunities, as well as price discovery and transparency
for all Members. As a result, the Exchange believes that the proposed
change furthers the Commission's goal in adopting Regulation NMS of
fostering competition among orders, which promotes ``more efficient
pricing of individual stocks for all types of orders, large and
small.'' \28\
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\28\ Regulation NMS Adopting Release at 37499.
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The Exchange does not believe that the proposed rule change will
impose any burden on intermarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act. To the contrary,
the Exchange believes that the proposed pricing structure will increase
competition and is intended to draw volume to the Exchange. The
Exchange believes that the ever-shifting market share among the
exchanges from month to month demonstrates that market participants can
shift order flow or reduce use of certain categories of products in
response to new or different pricing structures being introduced into
the market. Accordingly, competitive forces constrain the Exchange's
transaction fees and rebates, and market participants can readily trade
on competing venues if they deem pricing levels at those other venues
to be more favorable. As a new exchange, the Exchange faces intense
competition from other exchanges and non-exchange venues that provide
markets for equities trading. With respect to the Exchange's initial
pricing whereby it will operate with negative net capture with respect
to retail transactions involving Added Displayed Volume priced at or
above $1.00 per share, the Exchange is proposing this pricing in an
effort to encourage market participants to join, connect to, and
participate on the Exchange. The Exchange expects to modify its pricing
structure after it has gained sufficient participation from market
participants to eliminate the negative net capture and instead be
profitable with respect to such transactions.
Although this pricing incentive is intended to attract liquidity to
the Exchange, most other exchanges in operation today already offer
multiple incentives to their participants, including tiered pricing
that provides higher rebates or discounted executions, and other
exchanges will be able to modify such incentives in order to compete
with the Exchange. As noted above, the Exchange's proposed retail fees
and rebates are comparable to those offered by other national
securities exchanges.\29\ Accordingly, with respect to a market
participant deciding to either submit a retail order to add or remove
liquidity, there are multiple exchanges that will be competitively
priced for such orders when compared to the Exchange's pricing.
Further, while pricing incentives do cause shifts of liquidity between
trading centers, market participants make determinations on where to
provide liquidity or route orders to take liquidity based on factors
other than pricing, including technology, functionality, and other
considerations. Consequently, the Exchange believes that the degree to
which its retail fees and rebates could impose any burden on
competition is extremely limited, and does not believe that such fees
and rebates would burden competition of Members or competing venues in
a manner that is not necessary or appropriate in furtherance of the
purposes of the Act.
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\29\ See supra note 23.
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The Exchange does not believe that the proposed rule change will
impose any burden on intramarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act because the
proposed fees and rebates apply equally to all RMOs. The proposed
pricing structure is intended to encourage market participants to add
displayed and non-displayed retail liquidity to the Exchange by
providing rebates that are comparable to those offered by other
exchanges as well as to provide a competitive rate charged for removing
retail liquidity, which the Exchange believes will help to encourage
RMOs to send retail orders to the Exchange to the benefit of all
Exchange participants. As the proposed rates are equally applicable to
all market participants, the Exchange does not believe there is any
burden on intramarket competition.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A) \30\ of the Act and subparagraph (f)(2) of Rule 19b-4
thereunder,\31\ because it establishes a due, fee, or other charge
imposed by the Exchange. At any time within 60 days of the filing of
the proposed rule change, the Commission summarily may temporarily
suspend such rule change if it appears to the Commission that such
action is necessary or appropriate in the public interest, for the
protection of investors, or otherwise in furtherance of the purposes of
the Act. If the Commission takes such action, the Commission shall
institute proceedings under Section 19(b)(2)(B) \32\ of the Act to
determine whether the proposed rule change should be approved or
disapproved.
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\30\ 15 U.S.C. 78s(b)(3)(A).
\31\ 17 CFR 240.19b-4(f)(2).
\32\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#146661787139777b7979717a6067546771773a737b62"><span class="__cf_email__" data-cfemail="394b4c555c145a5654545c574d4a794a5c5a175e564f">[email protected]</span></a>. Please include
file number SR-24X-2026-07 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to file number SR-24X-2026-07. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the filing will be available for inspection and
copying at the principal office of the Exchange. Do not include
personal identifiable information in submissions; you should submit
only information that you wish to make available publicly. We may
redact in part or withhold entirely from publication submitted material
that is obscene or subject to copyright protection. All submissions
should refer to file number SR-24X-2026-07 and should be submitted on
or before April 7, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\33\
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\33\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-05126 Filed 3-16-26; 8:45 am]
BILLING CODE 8011-01-P
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