📊Proposed Fee Waivers for Small Retail Brokers’ Data Access
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 Feed
Summary
The Cboe BYX Exchange proposes a new program to incentivize small retail brokers through fee waivers and enhanced data access, allowing brokers to provide services to retail investors at lower costs. By adjusting eligibility requirements for existing data programs, the Exchange aims to increase competition and broaden access to market information.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content outlines a proposed rule change by the Cboe BYX Exchange to introduce a Small Retail Broker Hosted Solutions Program, which would provide fee waivers and lower data costs for small retail brokers. This is significant for business owners and executives in the financial industry as it redistributes access to market data, potentially lowering operational costs and increasing competitiveness.