The CBOE Stock Exchange (CBSX) offers liquidity rebates and dedicated liquidity provision, all within a fully electronic strict price-time priority trading environment. A Regulation-NMS compliant facility of CBOE®, CBSX runs on CBOE's highly reliable and versatile CBOEdirect® trading platform—the same platform that powers the largest options exchange in the US. Designed as a highly cost-effective marketplace, CBSX provides economic incentives to liquidity providers to provide the best markets without sacrificing a level playing field for all market participants.