8 Sep 2025
📈Cboe All Cancels Report Fee Changes and Business Implications
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for the All Cancels Report
Summary
The Cboe Exchange proposes the introduction of a new All Cancels Report, offering comprehensive insights into cancel behavior and messaging activity for Trading Permit Holders. This report aims to enhance market data offerings, requiring a monthly fee of $1,500. TPHs can analyze cancel patterns and trading efficiency through this additional data service.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice proposes a new fee of $1,500/month for the All Cancels Report, impacting Trading Permit Holders (TPHs) who may need to evaluate their market data expenses and compliance strategies. This change introduces additional business costs for TPHs interested in more granular market data, necessitating analysis of their operational budgets.