Cboe EDGX Cuts Fees for Outside Market Data Users
Published Date: 2/28/2025
Notice
Summary
Cboe EDGX Exchange just updated its market data fees to give a new fee waiver to Uncontrolled External Distributors, meaning some folks won’t have to pay certain fees anymore. This change kicks in right away and helps those distributing market data outside the Exchange save money. If you’re involved in sharing market data, this update could lighten your costs starting now!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Fee Waiver for External Market Data Distributors
Cboe EDGX adopted a new fee waiver for “Uncontrolled External Distributors” of its market data. The Exchange filed the change on February 13, 2025 and designated it for immediate effectiveness, and the SEC is soliciting comments on the filing through March 21, 2025. If you distribute EDGX market data as an Uncontrolled External Distributor, you may no longer have to pay certain exchange market data fees under this waiver.
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!
2026-12524 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Rule 11.9(d) To Permit an Intermarket Sweep Order (“ISO”) To Be Entered as a Non-Displayed Order and To Establish the Price Level at Which the System Will Consider an ISO Available for Other Orders To Be Entered
Cboe BZX Exchange is updating its rules to let a special type of order called an Intermarket Sweep Order (ISO) be hidden from view when entered. They’re also setting clear price rules for when these orders can be matched with others, and allowing hidden orders to adjust prices more aggressively. This change affects traders using the BZX Exchange and aims to make trading faster and smarter, with the new rules kicking in soon after approval.
2026-12607 — The RBB Fund Trust and Seven Post Investment Office LP
The RBB Fund Trust and Seven Post Investment Office LP want permission to change their subadvisory agreements without asking shareholders first and to keep some fee details private. This could speed up how they manage investments and handle fees. If no one objects by July 13, 2026, the SEC will approve these changes.
Previous / Next Documents
Previous: 2025-03235 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Market Data Section of Its Fee Schedule To Adopt a New Fee Waiver for Uncontrolled External Distributors
Cboe EDGA Exchange just updated its fee schedule to give a new fee waiver to Uncontrolled External Distributors who share market data. This means some distributors won’t have to pay certain fees anymore, starting immediately. If you’re involved in distributing market data, this change could save you money right away!
Next: 2025-03237 — Procurement List; Deletions
The government is removing some services from its special list that were provided by nonprofit groups helping people who are blind or have serious disabilities. This means those services won’t be bought through this program anymore. The change could affect these agencies’ work and the timing of future contracts.