2025-19012Notice

Cboe EDGA Updates Rules to Include Newcomer 24X Exchange

Published Date: 9/30/2025

Notice

Summary

Cboe EDGA Exchange is updating its rule to include a new stock exchange called 24X National Exchange, which starts operating on September 29, 2025. This change affects how EDGA shares info about the data it uses for handling and routing orders, making things clearer for traders and regulators. No extra costs or delays are expected, and the update takes effect right away.

Analyzed Economic Effects

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

EDGA Adds 24X Data to Public Disclosures

EDGA updated Rule 13.4(a) to state it will utilize 24X National Exchange market data from the Consolidated Quotation System (CQS)/UTP Quotation Data Feed (UQDF) for order handling, order routing, order execution, and related compliance processes. The change was filed September 22, 2025 and is intended to reflect 24X Exchange operation beginning September 29, 2025.

Change Effective Immediately Upon Filing

The Commission waived the usual 30-day operative delay and designated EDGA's proposed amendment operative upon filing on September 22, 2025. EDGA said no extra costs or delays are expected from the change.

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Key Dates

Effective Date
Published Date
9/22/2025
9/30/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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