Another Cboe Fee Bump Hits High-Speed Traders' Bills
Published Date: 8/4/2025
Notice
Summary
Cboe BZX Exchange is raising the monthly fee for its 10 Gb physical ports, which traders and firms using these fast connections will notice in their bills. This change kicks in right away, so anyone relying on these ports should expect higher costs starting now. It’s all about keeping the tech running smoothly and fairly priced for everyone.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10 Gb Port Fee Rises $1,000/Month
Cboe BZX raised the monthly fee for each 10 Gb physical port from $7,500 to $8,500 per port. This increase became effective when the Exchange filed the change on July 17, 2025, so traders and firms using 10 Gb ports should expect $1,000 more per port each month starting then.
1 Gb Port Fee Remains $2,500
The Exchange continues to charge $2,500 per month for each 1 Gb physical port and did not change that fee when it raised the 10 Gb port price. Market participants with modest capacity needs can still obtain a 1 Gb port for $2,500 per month.
One Port, Many Exchanges — Single Fee
A single 10 Gb physical port on BZX can be used to access multiple Cboe affiliate exchanges (BYX, EDGX, EDGA, and C2), and only one monthly fee applies per 10 Gb port regardless of how many affiliate exchanges you access. That single-fee rule continues to apply after the July 17, 2025 change.
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