2025-02616Notice

Stock Exchange Hikes Fees for Quotes and Ports

Published Date: 2/14/2025

Notice

Summary

Cboe BZX Exchange just rolled out new fees for their cool Unitized Logical Ports, a fresh way to connect to their equity options platform. They’re also updating fees based on how many quotes and orders traders send daily. These changes kicked in right away on February 3, 2025, so traders should check their costs and get ready to adapt!

Analyzed Economic Effects

2 provisions identified: 0 benefits, 2 costs, 0 mixed.

New Fees for Unitized Logical Ports

The Cboe BZX Exchange adopted new fees for "Unitized Logical Ports," a new way to connect to its equity options platform. These fee rules took effect immediately on February 3, 2025, so firms that use this connectivity should check how much the new ports will cost them.

New Average Daily Quote and Order Fees

The Exchange adopted new Average Daily Quote and Average Daily Order fees that change charges based on how many quotes and orders a participant sends each day. These fee changes became effective on February 3, 2025, so traders and market participants should review their daily quoting and order activity to understand their new costs.

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Key Dates

Effective Date
Published Date
2/3/2025
2/14/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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