Cboe Slaps Fees on Fancy Trading Cores Overnight
Published Date: 3/26/2025
Notice
Summary
Cboe EDGA Exchange is updating its fee schedule to add charges for Dedicated Cores, a special service for traders who want faster, exclusive access. This change affects traders using these Dedicated Cores and takes effect immediately, meaning they should expect new fees starting now. It’s all about keeping things fair and clear while supporting speedy trading.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
New Monthly Dedicated Core Fees
If your firm uses more than two Dedicated Cores, the Exchange now charges monthly fees: $650 per Dedicated Core for cores 3–10, $850 per Dedicated Core for cores 11–15, and $1,050 per Dedicated Core for cores 16 or more. These monthly fees are assessed in full (not prorated). Standard BOE logical port fees of $550 per port per month remain applicable and continue to be charged, including on the first two Dedicated Cores.
Two Free Dedicated Cores Provided
The Exchange provides up to two Dedicated Cores to any User at no additional Dedicated Core fee. However, the Exchange will still assess the standard BOE logical port fee of $550 per port per month on those first two Dedicated Cores.
Member Dedicated Core Cap Increased
The Exchange increased the maximum number of Dedicated Cores a Member may purchase to 120 Dedicated Cores, effective December 1, 2024. Sponsoring Members remain limited to a maximum of 35 Dedicated Cores per Sponsored Access relationship.
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