Stock Exchange Slaps New Fees on 'Dedicated Cores' – Traders Pay Up Now
Published Date: 2/7/2025
Notice
Summary
Cboe BYX Exchange just updated its fee schedule to add charges for Dedicated Cores, which are special trading tools used by some traders. This change takes effect immediately, so anyone using these Dedicated Cores will see new fees starting now. The SEC is open to feedback but hasn’t paused the update, so get ready to adjust your budgets!
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
New Fees for Dedicated Cores
If you use Dedicated Cores (special trading tools), Cboe BYX adopted new fees for them that became effective immediately after the Exchange filed the change on January 24, 2025. The SEC is soliciting comments on the change through February 28, 2025, but the fees are already in effect.
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
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-12252 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Exchange Fee Schedule To Establish Fees for the Trade-by-Trade Report
MIAX Pearl Options Exchange is adding new fees for their Trade-by-Trade Report starting now. Traders and firms who want this detailed report will pay a monthly subscription or a fee for one-time historical data requests, with discounts if they also buy related reports. This change helps the Exchange cover costs and keeps data access clear and fair.
2026-12260 — Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend its Rules Related to Market Makers
The Long-Term Stock Exchange (LTSE) wants to update its rules for Market Makers—those who help keep trading smooth and steady. They’re adding clear definitions, setting up a new registration system, and creating fresh responsibilities for Market Makers and their traders. These changes aim to make trading fairer and more organized, with no big cost changes expected, and they’re open for public comments now.
Previous / Next Documents
Previous: 2025-02333 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Withdrawal of a Proposed Rule Change To Waive the Options Regulatory Fee (ORF) for December 2024
NYSE Arca planned to waive the Options Regulatory Fee (ORF) for December 2024, which would have saved traders some money that month. But after review, they decided to pull back that plan, so the fee will stay in place as usual. This affects anyone trading options on NYSE Arca and means no fee break is coming in December 2024.
Next: 2025-02335 — Notice of Intent To Rule on Request To Release Airport Property at the South Texas Regional Airport, Hondo, Texas
The FAA plans to decide on giving up some land at South Texas Regional Airport in Hondo, Texas. This change could open up new uses for the land, and the public can share their thoughts before the final call. If approved, this might affect local plans and possibly bring in some money from the land’s new use.