💻Cboe EDGA's Proposed Fees for Dedicated Cores
Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Dedicated Cores
Summary
The SEC has published a notice regarding Cboe EDGA Exchange's proposed fee changes for Dedicated Cores, which aim to enhance trading efficiency. The changes introduce a tiered pricing model and a limit on the number of cores accessible to Users, reflecting the growing demand for reduced trading latency and improved performance while maintaining fair resource allocation among participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change directly impacts Cboe EDGA Exchange Users by altering the fee structure for Dedicated Cores, potentially increasing operating costs for firms that opt for higher core usage. The tiered fees introduced create a choice where firms can enhance their trading performance at an expense, indicating a cost-reward scenario essential for decision-making in trading strategies.