Cboe BZX Slashes Fees for Academics on Equity Trade Data
Published Date: 5/7/2025
Notice
Summary
Cboe BZX Exchange is giving a special discount to qualified academic buyers who want to purchase historical U.S. stock short volume and trade reports. This change helps students and researchers get important market data at a lower cost starting immediately. If you’re part of an academic institution, you can save money on these reports right now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Academic discount for historical short-volume data
If you are a qualifying academic purchaser, you can buy historical U.S. Equity Short Volume and Trades Reports at a discounted price equal to either a 50% discount off your total purchase or $500, whichever is greater. This academic pricing applies to historical reports (monthly or multi-month purchases) and is available immediately after the filing.
Who qualifies — academic eligibility and exclusions
To get the academic price you must be an accredited academic institution using the data for independent academic research, publications, teaching, classroom use, or other bona fide educational purposes, and the data use must be limited to the institution's faculty and students. Academic pricing is not available for commercial/profit-seeking uses or for purchasers whose research is funded by a securities industry participant, and applicants must submit a brief application for Exchange approval.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in