12 Aug 2025
💰New Fees for Cboe BZX Unitized Ports and ADO/ADQ Impact
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on its Equity Options Platform
Summary
Cboe BZX Exchange proposes new fees for its Unitized Logical Ports and introduces Average Daily Order and Average Daily Quote fees. These changes aim to enhance trading efficiency while managing network capacity, affecting the operational strategies of market participants and their cost structures.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces new fees for Unitized Logical Ports and establishes Average Daily Order (ADO) and Average Daily Quote (ADQ) fees, directly affecting market participants' operational costs and strategies for utilizing the Cboe BZX Exchange. These changes will necessitate compliance and adaptation to their pricing structures, influencing financial planning and resource allocation.