2025-15835NoticeWallet

Cboe EDGX Adds New Trade Timing Data Report

Published Date: 8/20/2025

Notice

Summary

Cboe EDGX Exchange is adding a new market data report to its existing data products, helping traders get better and faster info. This change affects anyone using Cboe’s data services and kicks in right away with no extra fees. It’s a smooth upgrade designed to keep market data fresh and useful.

Analyzed Economic Effects

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

New All Cancels Report Added

The Exchange added a new All Cancels Report to its Cboe Timestamping Service that shows all cancel-related messages a subscribing Member sends, including message type, timestamps, order IDs, symbol, matching unit number, queued flag, and port type. The report contains historical data for the prior trading day (generally on a T+1 basis) and is intended to help subscribing firms analyze cancel behavior and improve cancel efficiency.

Report Is Optional and Fee-Based

Firms may choose whether to subscribe to the All Cancels Report; the Exchange will assess fees based on the number of reports selected and plans a separate filing to propose those fees. No firm is required to subscribe to the report.

Subscriber-Only Historical Data Protection

The All Cancels Report will include only the subscribing Member's data (the "Recipient Firm") and the Exchange will restrict other Members from receiving another Member's data. The report will not include any trade records or aggressor information.

Report Is Delayed, Not Real-Time (T+1)

The All Cancels Report is not real-time market data; it contains historical data from the prior trading day and will generally be available on a T+1 basis after the close of trading. It cannot be used for same-day real-time trading decisions.

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Key Dates

Effective Date
Published Date
8/5/2025
8/20/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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