Cboe BZX Slashes Fees for Academics on Equity Trade Data
Published Date: 5/7/2025
Notice
Summary
Cboe BZX Exchange is giving a special discount to qualified academic buyers who want to purchase historical U.S. stock short volume and trade reports. This change helps students and researchers get important market data at a lower cost starting immediately. If you’re part of an academic institution, you can save money on these reports right now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Academic discount for historical short-volume data
If you are a qualifying academic purchaser, you can buy historical U.S. Equity Short Volume and Trades Reports at a discounted price equal to either a 50% discount off your total purchase or $500, whichever is greater. This academic pricing applies to historical reports (monthly or multi-month purchases) and is available immediately after the filing.
Who qualifies — academic eligibility and exclusions
To get the academic price you must be an accredited academic institution using the data for independent academic research, publications, teaching, classroom use, or other bona fide educational purposes, and the data use must be limited to the institution's faculty and students. Academic pricing is not available for commercial/profit-seeking uses or for purchasers whose research is funded by a securities industry participant, and applicants must submit a brief application for Exchange approval.
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Department and Agencies
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Previous: 2025-07909, Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update Its Fee Schedule To Provide a Discount on Fees Assessed to Qualifying Academic Purchasers for Purchases of Ad Hoc Historical U.S. Equity Short Volume and Trades Reports
Cboe BYX Exchange is giving a special discount to qualified academic buyers who want to purchase historical U.S. stock short volume and trade reports. This change helps schools and researchers save money when accessing important market data. The new discounted fees are effective immediately, making it easier and cheaper for academics to get the info they need.
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ICE Clear Credit LLC (ICC) got the green light to update how it sets and reviews the rules that keep financial risks in check when clearing credit contracts. These changes help ICC better manage money safety for its members, with no extra costs or delays expected. This means safer trading for everyone involved, starting right away!