17 Sep 2025
📊Cboe EDGX Proposes New Administrative Fee Impacting Traders
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule To Adopt an Administrative Fee To Offset Its Costs in Administering the Marketing Fee Program
Summary
The Cboe EDGX Exchange has filed a proposed rule change to amend its fee schedule by introducing an administrative fee aimed at offsetting costs related to its Marketing Fee program. The fee, set at 0.45% of total monthly funds collected, raises concerns about potential impacts on trading costs and competitive dynamics in the options market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed administrative fee that the Cboe EDGX Exchange plans to implement will directly affect trading costs for market participants, particularly market makers. The 0.45% fee adds to existing costs, potentially impacting their pricing strategies and competitiveness. Firms may need to adjust their financial planning and consider the implications for order flow allocation.