Yet Another Exchange Raises High-Speed Port Prices
Published Date: 5/22/2025
Notice
Summary
Cboe EDGA Exchange is raising the monthly fee for its 10 Gb physical ports, which traders and firms use to connect to the exchange. This change means users will pay more starting right away, helping the exchange cover costs and improve services. If you rely on these ports, get ready for a slightly bigger bill each month!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10 Gb Port Fee Raised to $8,500
If you (a trading firm or market participant) pay for a 10 Gb physical port to connect to Cboe EDGA, the monthly fee increases from $7,500 to $8,500 per port. This change took effect immediately after the filing on May 9, 2025, so users will start paying the higher monthly amount right away.
Single Fee Covers Affiliate Connections
A single $8,500 monthly fee will be charged per 10 Gb physical port even if that port is used to access multiple Cboe affiliate exchanges (for example, Cboe BYX, BZX, EDGX, and C2). You will not be charged additional monthly port fees by EDGA for accessing its affiliate exchanges through the same physical port.
1 Gb Port Fee Remains $2,500
The Exchange will continue to charge $2,500 per month for a 1 Gb physical port; that fee is not changing. Market participants with modest capacity needs can continue to purchase the 1 Gb port instead of a 10 Gb port.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17183, Regulation Crypto Assets
The Securities and Exchange Commission ("Commission") is proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets. The proposed offering regime is intended to facilitate capital formation and accommodate innovation within the crypto asset markets while, at the same time, ensuring that investors are adequately protected and provided with the information they need to make informed investment decisions. The proposed rules would be set forth in a new regulation titled "Regulation Crypto Assets" and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and would be subject to ongoing reporting requirements. Issuers that rely on these exemptions would remain subject to the antifraud and antimanipulation provisions of the Federal securities laws. The proposed rules also would include a conditional safe harbor from the term "investment contract" in the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934. If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of "security."
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!
2026-05635, Application of the Federal Securities Laws to Certain Types of Crypto Assets and Certain Transactions Involving Crypto Assets
Starting March 23, 2026, the SEC and CFTC are making it clear that some crypto assets and transactions must follow federal securities laws. This means crypto companies and investors need to play by new rules to keep things fair and safe. Expect more transparency and possible costs for compliance as the government steps up oversight in the crypto world.
Previous / Next Documents
Previous: 2025-09186, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Permit the Generic Listing and Trading of Multi-Class ETF Shares
The SEC is taking more time to decide if Cboe BZX Exchange can let people trade new Multi-Class ETF shares. This change could affect investors and traders by offering more flexible investment options. The decision delay means everyone should stay tuned for updates, as it might impact how ETFs are bought and sold soon.
Next: 2025-09188, Office of the Director, National Institutes of Health; Notice of Meeting
The Office of AIDS Research Advisory Council is holding a virtual meeting on June 26, 2025, to share updates on HIV research plans and priorities. Anyone interested can watch online or send in comments ahead of time. This meeting affects researchers, healthcare professionals, and the public who care about HIV research progress and funding.