Cboe Adds Charges for Fancy Trading Tech Setups
Published Date: 7/24/2025
Notice
Summary
Cboe BZX Exchange is updating its fee schedule to add charges for Dedicated Cores, which are special trading setups for big users. This change affects traders using these Dedicated Cores and starts right away, meaning they’ll see new fees on their bills. The move helps the Exchange cover costs and keep things running smoothly.
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
Monthly Dedicated Core Usage Fees
If your trading firm uses Dedicated Cores, the Exchange charges monthly fees for any Dedicated Cores beyond the first two free ones: $650 per core for cores 3–15, $850 per core for cores 16–30, and $1,050 per core for 31 or more. The fees are charged in full each month and are not prorated (for example, 16 Dedicated Cores would be billed $9,300 per month using the Exchange's example).
BOE Port Fees Still Apply
Even though the Exchange provides up to two Dedicated Cores at no additional core fee, standard BOE logical port fees still apply to ports used with Dedicated Cores. The Exchange currently assesses $550 per port per month and that fee continues to be charged, including on the first two free Dedicated Cores.
Higher Member Dedicated Core Cap
The Exchange raised the maximum number of Dedicated Cores a Member may hold to 120 Dedicated Cores effective December 1, 2024; Sponsoring Members remain limited to 35 Dedicated Cores per Sponsored Access relationship. This change increases how many Dedicated Cores a Member may obtain.
Dedicated Cores Are Optional; Shared Cores Remain
Using Dedicated Cores is voluntary and not required to trade on the Exchange; Users may continue to use shared CPU cores at no additional cost. The Exchange offers up to two Dedicated Cores at no additional core-charge to all Users so firms can choose whether the paid tiers are worth it for their business.
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