Exchange Fees Get a Sneaky Rate Tweak for Traders
Published Date: 8/11/2025
Notice
Summary
Cboe BZX Exchange is changing the fees for its Cross Asset Tier starting August 1, 2025. This update affects traders using the BZX equities platform by adjusting the rates they pay, helping the Exchange stay competitive. If you trade on BZX, keep an eye on these new fees to understand how they might impact your costs.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Cross Asset Tier Rebate Reduced
If you trade on Cboe BZX and qualify for the Cross Asset Tier, the enhanced rebate for orders appended with fee codes B, V, and Y in securities priced at or above $1.00 is reduced from $0.0032 per share to $0.0027 per share effective August 1, 2025. This change applies only to orders that meet the Cross Asset Tier criteria (BZX equities add-volume plus affiliate BZX Options add-volume).
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