8 Aug 2025
📊Proposed Changes to Cboe Timestamping Service Fees for Participants
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Fees for Cboe Timestamping Service Reports To Allow Sponsored Participants To Purchase These Reports Directly
Summary
Cboe BZX Exchange proposes amending fees for its Timestamping Service to allow Sponsored Participants direct access to purchase reports such as the Missed Liquidity and Cancels Reports. This change aims to improve efficiency for firms, addressing feedback from market participants and expanding the scope of services available directly to clients.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory change enables Sponsored Participants to purchase Cboe Timestamping Service reports directly, potentially lowering processing times and increasing access to critical trading data. This can affect their operational efficiency and cost structures, making it a financially significant regulation for businesses in the trading sector.