10 Sep 2025
📉Cboe's New Fee Waivers and Program Changes for Small Retail Brokers
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 has filed a proposed rule change that introduces a Small Retail Broker Hosted Solutions Program, which includes fee waivers and updates eligibility requirements. This initiative aims to enhance data accessibility for small retail brokers and their retail investor clients, ultimately fostering a competitive market environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces significant fee waivers and eligibility updates for small retail brokers, which will directly impact their operational costs and market access to data feeds. This is crucial for business owners as it reduces overhead costs and encourages broader participation in financial markets, enhancing competitiveness.