Tick-Tock Trading: Cboe Unveils Minute Stock Reports
Published Date: 6/30/2025
Notice
Summary
Cboe EDGX Exchange is rolling out a new One-Minute Interval Intraday Open-Close Report that anyone trading on EDGX can buy. This quick, detailed report will help traders see price changes every minute during the day, making smarter moves easier and faster. The change is effective immediately, so get ready to level up your trading game with fresh, fast data!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
One‑Minute Intraday Market Data Offered
Cboe EDGX will offer a One‑Minute Interval Intraday Open‑Close Report that EDGX Members and non‑Members may purchase. The report captures snapshots every 1 minute during the trading day, is proprietary to EDGX (it does not include other exchanges’ data), and subscribers would receive each one‑minute update within about 2–5 minutes after the one‑minute period (for example, the first update would be delivered by approximately 9:34 a.m. ET representing data from 9:30–9:31).
Product Will Have Separate Fees Filed
The Exchange intends to submit a separate rule filing to establish fees for the One‑Minute Interval Intraday Open‑Close Report, meaning subscribers will need to pay for access once fees are set. The proposed data product is voluntary and available only to those who choose to subscribe.
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Key Dates
Department and Agencies
Related Federal Register Documents
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2026-18190, Transfer Agent Rules
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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."
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