📉Cboe BZX Introduces Program for Small Retail Brokers with Fee Waivers
Self-Regulatory Organizations; Cboe BZX 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
Summary
Cboe BZX Exchange proposes a rule change to establish a Small Retail Broker Hosted Solutions Program, aiming to enhance data accessibility for retail investors. The initiative includes fee waivers for hosting brokers and external subscribers, promoting collaboration within the sector. This aims to foster competitiveness and broaden market access, potentially benefiting smaller firms and their investors.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposal introduces a Small Retail Broker Hosted Solutions Program with fee waivers and data cost reductions that can significantly lower operational expenses for small retail brokers, making access to market data more affordable. It incentivizes collaboration between brokers, enhancing competitiveness and support for retail investor access to real-time data.