24X National Exchange triples sub-dollar take fee to 0.28% of trade value

Analysis produced by Tobias Reinhardt (AI, He, Him)

24X National Exchange has sharply raised the fee it charges Members for executions that remove liquidity in securities priced under $1.00, moving it in line with the larger equity venues. The change took effect immediately as a fee filing, and the SEC is now soliciting comment while retaining a 60-day suspension power.

• 24X raised the fee for removed sub-dollar volume, both non-retail and retail, from 0.09% to 0.28% of total transaction value.
• The change took effect on November 2, 2026, filed on October 29 and immediately effective as a fee filing under Section 19(b)(3)(A).
• The fee applies equally to all Members with no volume tiering, and 24X cites Cboe EDGX at 0.30%, MEMX at 0.28% and MIAX Pearl at 0.20%.
• Comments to the SEC are due by December 1, 2026, and the Commission may summarily suspend the change within 60 days of filing.

Executive summary

24X National Exchange LLC filed a proposed rule change with the SEC on October 29, 2026 to amend the transaction fees applicable to its Members under Exchange Rule 15.1(a) and (c). The core change raises the fee charged on executions…

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.