Open Meeting Agenda: Wednesday, October 18, 2023

ITEM 1: Volume-Based Exchange Transaction Pricing for NMS Stocks

OFFICE: Division of Trading and Markets

STAFF: Haoxiang Zhu, David Saltiel, Andrea Orr, David Shillman, Eric Juzenas, Richard Holley, Yvonne Fraticelli, Julia Zhang, Terri Evans.

The Commission will consider whether to propose a new rule to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in NMS stocks; and to require national securities exchanges to have certain anti-evasion rules and written policies and procedures and disclose certain information if they offer volume-based transaction pricing for member proprietary volume in those stocks. 

For further information, please contact Richard Holley in the Division of Trading and Markets at (202) 551-5614.