5 Jun 2025
📉Cboe EDGX Small Broker Program Introduces Fee Waivers
Self-Regulatory Organizations; Cboe EDGX 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 and EDGX Top Data Feed
Summary
The Cboe EDGX Exchange aims to enhance the competitiveness of its market data products by launching a Small Retail Broker Hosted Solutions Program. This initiative includes fee waivers for small retail brokers distributing data and aims to increase retail investor access to vital market information while fostering competition among brokers.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Small Retail Broker Hosted Solutions Program that allows fee waivers and reduced costs for small retail brokers. This change impacts brokerage operations by enhancing competitiveness and accessibility to market data for retail investors.