📈New Hosted Solutions Program for Small Retail Brokers Announced
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 Small Retail Broker Hosted Solutions Program, updating eligibility for existing data feed distribution programs. Aimed at enhancing accessibility to market data for retail brokers, it includes significant fee adjustments, enabling small broker-dealers to better serve their clients through hosted solutions and competitive pricing.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program and updates eligibility requirements for existing distribution programs, offering significant fee waivers and cost reductions, thereby supporting smaller broker-dealers and providing broader access to market data. This has direct financial implications for business owners and executives in the brokerage industry.