Notice 14 Jul 2025 market data, compliance, small business, securities, brokers, retail investors

📈SEC Proposes New Hosted Solutions Program for Small Retail Brokers

The SEC has issued a notice regarding a proposed rule change from Cboe BZX Exchange to introduce a Small Retail Broker Hosted Solutions Program. This program aims to provide fee waivers and updated eligibility requirements for small retail brokers, facilitating better access to market data for retail investors and competing with other exchanges.

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Notice 20 Mar 2025 exchange, regulatory compliance, securities, cboe, price improvement, enhanced rpi order, retail investors

📈Cboe BYX Exchange's Enhanced RPI Order Proposal

The Cboe BYX Exchange proposes an Enhanced Retail Price Improvement Order to enhance its Retail Price Improvement program, allowing for greater price improvement for retail investors and expanding the program to include securities priced below $1.00. This aims to attract more retail orders and improve execution pricing.

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