Cboe BZX Quietly Raises Fees for High-Speed Trading Ports
Published Date: 5/27/2025
Notice
Summary
Cboe BZX Exchange is raising the monthly fee for its 10 Gb physical ports starting now. This change affects traders and firms using these high-speed connections, meaning they'll pay more each month for faster access. The new fees kicked in immediately after the filing on May 9, 2025, so users should be ready for the updated costs.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10 Gb Port Monthly Fee Rises
If you (a trading firm or other market participant) use a 10 Gb physical port to connect to Cboe BZX, the monthly fee increases from $7,500 to $8,500 per port. This change took effect immediately after the Exchange filed the rule change on May 9, 2025.
Single Port Fee Applies Across Affiliates
A single monthly fee (the $8,500 per 10 Gb port) will continue to be charged per 10 Gb physical port regardless of how many Cboe affiliate exchanges are accessed through that one port. You will not be charged multiple port fees for accessing multiple affiliated exchanges through the same physical port.
1 Gb Port Fee Remains Unchanged
If you use a 1 Gb physical port to connect to Cboe BZX, the monthly fee remains $2,500 per port and is not increased by this filing. The unchanged 1 Gb fee is contrasted with the raised 10 Gb fee and continues to be available after May 9, 2025.
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Cboe EDGX Exchange is raising the monthly fee for its 10 Gb physical ports starting now. This change affects traders and firms using these high-speed connections, meaning they'll pay a bit more each month. The fee increase is effective immediately, so users should be ready for the new cost on their next bill.