Cboe BYX Exchange Waives Fees for Internal Trade Wizards
Published Date: 3/19/2026
Notice
Summary
Cboe BYX Exchange is rolling out a new fee waiver for certain Internal Distributors, meaning eligible members won’t have to pay some usual fees. This change kicks in right away and helps those who distribute trades internally save money. If you’re involved in internal trade distribution, this update could lighten your fee load starting now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Temporary Waiver of Two BYX Fees
If you are a new Internal Distributor of the BYX Depth Data Feed, BYX will waive the Internal Distribution Fee ($1,000 per month) and the Non-Display Usage not by Trading Platforms Fee ($1,000 per month) while you set up systems to distribute the feed internally. To be eligible you must not have received the BYX Depth Data Feed in the last 18 months and you must not operate a Trading Platform; the waiver period may not exceed three months.
User Fees Still Assessed After Integration
The temporary waiver does not remove Professional or Non-Professional User Fees; those user fees will be assessed in accordance with the Fee Schedule once the Internal Distributor has integrated the BYX Depth Data Feed and begins internally distributing it. The waiver only applies during the setup period and ends no later than three months after eligibility begins.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in