10 Sep 2025
📊Cboe BZX Introduces Small Retail Broker Hosted Solutions Program
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 Cboe BZX Exchange has proposed a rule change to implement a Small Retail Broker Hosted Solutions Program. This initiative aims to enhance accessibility to market data for retail investors by introducing fee waivers and updating eligibility criteria to support small retail brokers in hosting data solutions for external subscribers.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The notice outlines a proposed rule change by Cboe BZX Exchange, introducing a Small Retail Broker Hosted Solutions Program. This program offers financial incentives like fee waivers for small retail brokers, impacting costs and operational strategies for businesses in the brokerage sector, thus influencing competitive behavior and market accessibility.