Cboe Exchange Boosts High-Speed Port Fees
Published Date: 8/4/2025
Notice
Summary
Cboe BYX Exchange is raising the monthly fee for its 10 Gb physical ports, which traders and firms using these connections will feel. This change kicks in right away, meaning anyone hooked up to these ports will pay more starting now. It’s a quick update to help the Exchange cover costs and keep things running smoothly.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 1 costs, 0 mixed.
10 Gb Port Monthly Fee Increase
Trading firms and other market participants that use a 10 Gb physical port to connect to Cboe BYX will see the monthly fee increase from $7,500 to $8,500 per port. The Exchange filed the change on July 17, 2025 and it became effective immediately, so connected users began paying $1,000 more per port each month starting then.
One Port Covers All Affiliates
A single 10 Gb physical port on BYX provides access to its Affiliate Exchanges (Cboe BZX, EDGX, EDGA, and C2) and only one monthly fee applies per 10 Gb port regardless of how many Affiliate Exchanges are accessed through that port. That single-fee-per-port policy continues under the amended fee schedule.
1 Gb Port Option Remains Available
The Exchange continues to charge $2,500 per month per 1 Gb physical port and is not changing that fee. Market participants with modest capacity needs can continue to buy the 1 Gb port or obtain access via a third-party reseller rather than purchasing the higher-capacity 10 Gb port.
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