14 Jul 2025
📈SEC Proposes New Hosted Solutions Program for Small Retail Brokers
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
The SEC has issued a notice regarding a proposed rule change from Cboe BZX Exchange to introduce a Small Retail Broker Hosted Solutions Program. This program aims to provide fee waivers and updated eligibility requirements for small retail brokers, facilitating better access to market data for retail investors and competing with other exchanges.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program that provides fee waivers and reduced costs for small retail brokers. This initiative aims to enhance accessibility to market data and spur competition, directly impacting businesses that rely on market data services.