14 Jul 2025
📈Cboe EDGA Launches Small Retail Broker Solutions Program
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 SEC announces Cboe EDGA Exchange's proposed rule change aiming to establish a Small Retail Broker Hosted Solutions Program. This initiative seeks to offer reduced data costs and fee waivers for small retail brokers, fostering enhanced access to market information for retail investors and increasing competition within the financial data sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program, providing fee waivers and cost reductions for small retail brokers, which enhances accessibility to market data for retail investors. This can lead to increased market competitiveness and signal new opportunities for smaller brokerage firms.