Cboe EDGA Uncaps Dedicated Cores to Boost Trader Flexibility
Published Date: 5/13/2026
Notice
Summary
Cboe EDGA Exchange is removing the limit on how many Dedicated Cores market participants can use. This change affects traders and firms using the exchange’s tech, giving them more flexibility starting immediately. No new fees are added, but users can now access as many cores as they need to trade faster and smarter.
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Analyzed Economic Effects
5 provisions identified: 4 benefits, 0 costs, 1 mixed.
Exchange Removes Core Cap Text
On May 1, 2026 Cboe EDGA removed language in its Fee Schedule that capped the maximum number of Dedicated Cores available to market participants. The change lets the Exchange adjust how many Dedicated Cores are available via its technical specification instead of the fee schedule, giving trading firms more flexibility to request additional Dedicated Cores.
Caps Moved Into Technical Specification
Cboe EDGA will place the caps on Dedicated Cores in the Cboe Titanium U.S. Equities Binary Order Entry Specification rather than in the Fee Schedule. The filing says the caps in that specification will continue to apply to Members and Sponsoring firms (the Exchange previously allowed up to 120 Dedicated Cores for Members and up to 35 per Sponsored Access relationship as of December 1, 2024).
No Change to Dedicated Core Fees
The Exchange stated it is not changing the fee charged for Dedicated Cores as part of this filing. If you currently pay for Dedicated Cores, your per-core fee remains the same after the rule change.
Dedicated Cores Still Voluntary
The filing reiterates that Dedicated Cores are voluntary and not required to trade on the Exchange; firms may continue to use shared BOE logical order entry ports instead of, or in addition to, Dedicated Cores. You can choose whether to purchase Dedicated Cores based on your needs.
Immediate Effect, 60-Day SEC Review Possible
The rule change became effective immediately after the Exchange filed it on May 1, 2026, but the SEC may suspend the change within 60 days and institute proceedings. Market participants can rely on the change now, subject to potential SEC action within the 60-day window.
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