Notice of Changes to LTSE Transaction Fees
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Long-Term Stock Exchange (LTSE) is removing the transaction fee for taking liquidity in stocks priced below $1.00. This aims to boost trading activity and improve market efficiency for lower-priced securities by reducing costs for those who remove liquidity. The move could promote more competitive pricing and enhance market engagement by retaining incentives for liquidity providers.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Elimination of transaction fees for liquidity takers on stocks priced below $1.00
- Implementation of Sub-Dollar Incentive Program (SDIP)
- Maintain existing rebates for liquidity providers
Obligations
What this law requires
Long-Term Stock Exchange, Inc. must implement a fee reduction to 0.00% of transaction value for liquidity takers on securities priced below $1.00, as part of the Sub-Dollar Incentive Program.
The Long-Term Stock Exchange (LTSE) is required to implement the reduction of transaction fees for removing liquidity in securities priced below $1.00 to 0.00% of Total Dollar Value (TDV) effective April 1, 2026.
Long-Term Stock Exchange must maintain existing liquidity provider rebate programs for securities priced below $1.00 while eliminating transaction fees for liquidity takers.
The Exchange must maintain existing liquidity provider rebates in securities priced below $1.00 while eliminating costs for liquidity takers.
Market participants must adjust their trading strategies to leverage the reduced transaction costs in securities priced below $1.00 to enhance order flow and liquidity.