Stock Exchange Raises Fees for Mystery 'Purge Ports'
Published Date: 1/8/2025
Notice
Summary
Starting January 2, 2025, Cboe C2 Exchange is raising the monthly fee for Purge Ports, which are special connections traders use to clear orders quickly. This change affects traders and firms using these ports and means they'll pay a bit more each month. The new fee kicks in immediately, so users should be ready for the update!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Purge Port Monthly Fee Increase
Starting January 2, 2025, Cboe C2 Exchange raised its monthly fee for Purge Ports. If you are a trader or a firm that uses these Purge Ports to clear orders quickly, you will pay a bit more each month under the new fee.
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Previous / Next Documents
Previous: 2025-00174 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase Its Monthly Fee for Purge Ports
Cboe Exchange is raising the monthly fee for Purge Ports starting January 2, 2025. This change affects traders and firms using these ports to quickly cancel orders. The new fee means users should prepare for a slightly higher monthly cost right away.
Next: 2025-00176 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase Its Monthly Fee for Purge Ports
Cboe EDGX Exchange is raising the monthly fee for Purge Ports starting January 2, 2025. This change affects traders and firms using these ports to clear orders faster, meaning they'll pay a bit more each month. The new fee kicks in immediately, so users should be ready for the update!