3 Jan 2025
📊Cboe Exchange Proposes New Timestamping Service Rule Change
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Cboe Timestamping Service Which is a Market Data Service Comprised of Two Distinct Market Data Reports
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposal introduces a new market data service (Cboe Timestamping Service) that includes optional reports for order timestamps. This service may impact market participants, particularly concerning compliance and data reporting costs. The filing also indicates that associated fees will be proposed, signaling potential additional financial burdens for users.