# 2025-10969: Cboe Tweaks Fees for Floor Traders: Yawn-Worthy Update

2025-10969, Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule With Respect to Professional Orders Transacted on the Trading Floor in Certain Products and To Adopt a Floor Broker Sliding Scale Supplemental Rebate Program, is a Federal Register notice from Securities and Exchange Commission published 2025-06-17, effective 2025-06-02; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-10969
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-10969
- Title: Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule With Respect to Professional Orders Transacted on the Trading Floor in Certain Products and To Adopt a Floor Broker Sliding Scale Supplemental Rebate Program
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 25725
- Published: 2025-06-17
- Effective: 2025-06-02
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Cboe Tweaks Fees for Floor Traders: Yawn-Worthy Update

## Summary

Starting June 2, 2025, Cboe Exchange is changing its fees for professional traders who make manual trades on the trading floor in certain options products. They’re also launching a new sliding scale rebate program to reward floor brokers based on their trading volume. These updates aim to keep things fair and competitive while giving floor brokers a chance to earn more back.

## Effects PRIA read

- Lower fee for manual professional orders: benefit, medium. Starting June 2, 2025, the Exchange lowers the fee for Professional (capacity "U") manual (trading-floor) orders that yield fee code "WA" in Equity, ETF, ETN Options and All Other Index Products from $0.12 per contract to $0.05 per contract.
- New sliding-scale rebates for floor brokers: benefit, medium. Effective June 2, 2025, Cboe adopts a Floor Broker Sliding Scale Supplemental Rebate Program with four tiers based on monthly FLEX Floor Broker Volume: Tier 1 (>0 and <2,000,000) — no additional rebate; Tier 2 (≥2,000,000 and <6,000,000) — $0.01 per contract; Tier 3 (≥6,000,000 and <10,000,000) — $…
- Affiliate volume aggregation and eligibility rules: benefit, medium. The Exchange will aggregate a TPH's monthly volume with affiliates (defined as entities with at least 75% common ownership as shown on Form BD, Schedule A) when calculating the Supplemental Rebate Program tiers; TPHs must notify the Exchange of affiliates and any change in affiliate status. The rul…

## Related documents

- [2026-20466](https://policyrisk.com/federal-register/2026-20466): Adviser and Regulated Fund Custody Rules; Crypto Custody Rules, 2026-10-06
- [2026-19260](https://policyrisk.com/federal-register/2026-19260): Rescission of Rule 14a-8's Federal Regulation of Shareholder Proposals and Amendments to Rule 14a-4, 2026-09-21
- [2026-18424](https://policyrisk.com/federal-register/2026-18424): Political Contributions by Certain Investment Advisers, 2026-09-10
- [2026-18190](https://policyrisk.com/federal-register/2026-18190): Transfer Agent Rules, 2026-09-04
- [2026-17183](https://policyrisk.com/federal-register/2026-17183): Regulation Crypto Assets, 2026-08-21
- [2026-12163](https://policyrisk.com/federal-register/2026-12163): The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS, 2026-06-17

## Sources
- [2025-10969 on federalregister.gov](https://www.federalregister.gov/documents/2025/06/17/2025-10969/self-regulatory-organizations-cboe-exchange-inc-notice-of-filing-and-immediate-effectiveness-of-a)
- [2025-10969 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-06-17/pdf/2025-10969.pdf)

## Related
- [Previous: 2025-10968, Agile Decision Science, LLC, Savan Group LLC and Maines; Transfer of Informatio…](https://policyrisk.com/federal-register/2025-10968)
- [Next: 2025-10970, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Im…](https://policyrisk.com/federal-register/2025-10970)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-10969 (as of 2026-06-08).