Cboe BZX Clarifies Certification Port Fees in Schedule Update
Published Date: 7/22/2025
Notice
Summary
Cboe BZX Exchange is updating its fee schedule to make the rules about Certification Logical Port fees clearer for everyone using their services. This change affects traders and firms who connect to the exchange’s systems, helping them understand exactly when and how these fees apply. The new fee details took effect right away on July 8, 2025, with no surprise cost changes—just clearer info!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Extra Certification Ports Cost $250/Month
The Exchange continues to provide one free Certification Logical Port per production port type and charges $250 per month for each additional Certification Logical Port. Buying extra certification ports is voluntary and not required to access or trade in the production environment. This fee rule was clarified and took effect July 8, 2025.
Certification Fees Only After Launch
The Exchange clarified that Certification Logical Port fees apply only if the same logical port type is already live in the production environment. Certification ports for new port types that have not launched in production remain free until the port type goes live. This clarification took effect July 8, 2025.
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