4 Jun 2025
📊Cboe Proposes New Hosted Solutions Program for Small Retail Brokers
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Introduce a Small Retail Broker Hosted Solutions Program and To Update the Existing Eligibility Requirements for the Small Retail Brokerage Distribution Program for the Cboe One Summary Feed and BYX Top Data
Summary
The SEC has published a notice about Cboe BYX Exchange's proposed rule change, which aims to introduce a Small Retail Broker Hosted Solutions Program. This initiative will reduce fees for small retail brokers, enabling them to offer hosted data services to enhance market accessibility and competition among brokers.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program and modifies existing fee structures, reducing costs for small retail brokers and their clients. This enhances competition and accessibility in the market data domain, directly impacting businesses aiming to provide data services to retail investors.