Cboe EDGX Tweaks Invisible Port Fees for Traders
Published Date: 3/31/2025
Notice
Summary
Cboe EDGX Exchange is changing the fees for its logical ports, which are connections traders use to access the exchange. These updates affect anyone using the EDGX Options platform and take effect right away, possibly changing how much users pay for connectivity. The goal is to keep the fee schedule fair and clear for all traders.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Logical, Spin, and GRP Port Fee Hike
If you use EDGX Options logical ports (including FIX/BOE, Spin, or GRP ports), the monthly fee increases from $500 per port to $750 per port, effective immediately upon the filing on March 14, 2025.
Bulk Quoting Port Fee Increase
If you use EDGX Options Bulk Quoting ports, the monthly fee increases from $600 per port to $1,000 per port, effective immediately upon the filing on March 14, 2025.
No Termination Fee to Drop Connectivity
The Exchange does not charge a termination fee if a market participant reduces or discontinues its logical port connectivity or membership, so participants may drop ports without a termination charge.
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