14 Jul 2025
📊Cboe EDGX Proposes Small Retail Broker Data Solutions Program
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 proposes a new Small Retail Broker Hosted Solutions Program that aims to reduce fees and expand access to market data for retail brokers. By waiving distribution fees, the initiative seeks to foster broader service offerings and competitive pricing, enhancing opportunities for retail investors and smaller brokerage firms.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces significant financial incentives through fee waivers for Small Retail Broker Hosting Distributors and their External Hosted Subscribers, facilitating broader access to market data and potentially lowering costs for retail investors. This regulation supports business owners by enhancing competitive pricing structures in market data distribution.