27 May 2025
💰Cboe's Fee Amendment for Legacy Silexx Platform Affects Businesses
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Fees Related to the Cboe Legacy Silexx Platform Versions
Summary
The Cboe Exchange, Inc. proposes an amendment to fees related to the Legacy Silexx platform, dramatically increasing certain costs while extending the fee waiver period during the transition to its updated platform. The change aims to incentivize users to migrate to newer versions while maintaining compliance with regulatory requirements.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change significantly impacts business owners using the Cboe Legacy Silexx platform, especially with the substantial fee increase for legacy API logins ($2,000/month for the first five logins). This change is a part of the broader strategy to transition users to more modern platforms, which has financial implications for firms still relying on older systems.