2025-23819Notice

Cboe Slaps Fees on 10Gb Super-Speed Trading Connections

Published Date: 12/29/2025

Notice

Summary

Cboe Exchange is adding new fees for traders who use its super-fast 10 gigabit per second physical connection to the exchange. This change affects anyone connecting through this speedy port and starts right away, so users should be ready to pay the new rates. 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 Monthly Fee Rises to $8,000

If you connect to Cboe using a 10 gigabit per second (10 Gb) physical port, the monthly fee increases from $7,000 to $8,000. The new $8,000 monthly rate takes effect on January 2, 2026 and applies to Trading Permit Holders (TPHs) and non-TPHs that purchase a 10 Gb physical port.

No Installation Fee for Cboe 10 Gb Port

Cboe does not charge an installation fee for its 10 Gb physical port connection, unlike a competitor (PHLX) that charges a $1,650 or $1,000 installation fee for similar 10 Gb connections. That means users pay no upfront installation charge with Cboe for the 10 Gb port.

1 Gb Port Pricing Remains Unchanged

Cboe kept the price for its 1 gigabit per second (1 Gb) physical port unchanged and it remains a less expensive way to connect. Market participants with modest capacity needs can continue to buy the 1 Gb port or use a third-party re-seller instead of the 10 Gb option.

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Key Dates

Published Date
Effective Date
12/29/2025
1/2/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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