Cboe EDGA Refines Fee Descriptions Ahead of New Rule
Published Date: 2/13/2026
Notice
Summary
Cboe EDGA Exchange is updating its fee schedule to follow a new rule that starts on February 2, 2026. This change affects traders using the EDGA equities platform by adjusting how fees are described, but it doesn’t raise or lower any fees. The update kicks in right when the new rule takes effect, keeping everything clear and fair.
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Fees Based on Prior‑Month Volumes
Starting February 2, 2026, the Exchange will calculate volume figures from quoting or trading activity in the prior month so transaction fees and rebates can be determined at the time of execution. The Fee Schedule will include the language: "all volume figures will be derived from quoting or trading activity in the prior month."
New Members Get Base Rates First Month
Effective February 2, 2026, all new Members will receive the base rates in their first month of trading. This is specified in the Fee Schedule language added to comply with Regulation NMS Rule 610(d).
No Change to Fee Amounts
The Exchange states that all existing fees and rebates remain unchanged and that the amendment only changes how those fees and rebates are described and calculated for determinability. The Exchange asserts this amendment does not raise or lower any fees.
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