📊Cboe EDGA Proposes Small Retail Broker Solutions and 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
Cboe EDGA Exchange aims to enhance access to market data for small retail brokers by introducing a Hosted Solutions Program and revising eligibility criteria. The changes include notable fee waivers, making market data distribution more financially accessible for smaller broker-dealers and promoting competition within the retail sector.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces significant fee waivers and revised eligibility requirements for small retail brokers, encouraging participation in the Cboe One Summary Feed. This can substantially lower costs for businesses involved in market data distribution, providing a competitive edge. The reduction of barriers will likely increase market participation and accessibility for smaller broker-dealers.