5 Jun 2025
📈Cboe Announces New Retail Broker Program with Fee Waivers
Self-Regulatory Organizations; Cboe EDGA 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 Securities and Exchange Commission (SEC) published a notice for the Cboe EDGA Exchange's proposed rule change to implement a Small Retail Broker Hosted Solutions Program. This program will include fee waivers and updated eligibility criteria, aimed at enhancing access to market data and increasing competitiveness among retail brokers.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program, which aims to reduce costs for small retail brokers and enhance access to market data. Specific fee waivers and increased user limits can create competitive advantages for small firms, potentially impacting their operational costs and market positioning.