11 Aug 2025
📈Cboe Timestamping Service Rule Change for Sponsored Participants
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Fees for Cboe Timestamping Service Reports To Allow Sponsored Participants To Purchase These Reports Directly
Summary
The SEC has published a notice regarding the Cboe EDGX Exchange's proposed amendment to allow Sponsored Participants direct access to purchase timestamp reports. This rule change aims to streamline the data acquisition process and enhance market participants' trading insights by providing detailed order execution information without waiting for intermediary filtering.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows Sponsored Participants to purchase timestamp reports directly, streamlining access to market data that can enhance trading strategies and operational efficiency for businesses, impacting how firms manage data costs and compliance with market regulations.