Cboe BYX Exchange Waives Fees for Internal Trade Wizards
Published Date: 3/19/2026
Notice
Summary
Cboe BYX Exchange is rolling out a new fee waiver for certain Internal Distributors, meaning eligible members won’t have to pay some usual fees. This change kicks in right away and helps those who distribute trades internally save money. If you’re involved in internal trade distribution, this update could lighten your fee load starting now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Temporary Waiver of Two BYX Fees
If you are a new Internal Distributor of the BYX Depth Data Feed, BYX will waive the Internal Distribution Fee ($1,000 per month) and the Non-Display Usage not by Trading Platforms Fee ($1,000 per month) while you set up systems to distribute the feed internally. To be eligible you must not have received the BYX Depth Data Feed in the last 18 months and you must not operate a Trading Platform; the waiver period may not exceed three months.
User Fees Still Assessed After Integration
The temporary waiver does not remove Professional or Non-Professional User Fees; those user fees will be assessed in accordance with the Fee Schedule once the Internal Distributor has integrated the BYX Depth Data Feed and begins internally distributing it. The waiver only applies during the setup period and ends no later than three months after eligibility begins.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2026-05348 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt a New Fee Waiver for Eligible Internal Distributors
Cboe BZX Exchange is rolling out a new fee waiver for certain Internal Distributors, meaning some folks who move trades within their own company can skip paying two specific fees. This change kicks in right away and could save money for eligible traders starting March 10, 2026. If you’re an Internal Distributor, this update makes trading a bit cheaper and smoother!
Next: 2026-05350 — Joint Industry Plan; Order Approving an Amendment to the National Market System Plan Governing the Consolidated Audit Trail, as Modified by the Commission, Regarding Implementation of a Revised Funding Model
The SEC approved a new way for stock market groups to pay for the Consolidated Audit Trail, a big system that tracks stock trades. This new funding plan, called the Executed Share Model, changes how fees are charged based on actual shares traded, making costs fairer for everyone involved. The changes kick in soon, so exchanges and brokers should get ready for updated fees and schedules.