Cboe EDGX Rolls Out New Fee Code ZP and Adjusts DX Trading Costs
Published Date: 5/1/2026
Notice
Summary
Cboe EDGX Exchange is shaking up its fee schedule by adding a brand-new fee code called ZP and tweaking the fee tied to code DX. These changes affect traders using the EDGX equities platform and kicked in on April 1, 2026. Expect some fresh fee rules that could impact your trading costs starting now!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New ZP Fee for Retail Price Improvement Orders
If you trade on the Cboe EDGX equities exchange using Retail Price Improving (RPI) Orders, the exchange added fee code ZP effective April 1, 2026 that charges $0.0002 per share for RPI Orders that add liquidity in securities priced at or above $1.00. Securities priced below $1.00 are not eligible for RPI Orders and will not receive fee code ZP.
Higher DX Fee for MDOs With QDP
If you submit Midpoint Discretionary Orders (MDOs) on EDGX that remove liquidity using the Quote Depletion Protection (QDP) instruction, the exchange increased fee code DX from $0.00150 to $0.00250 per share for securities priced at or above $1.00, effective April 1, 2026. The fee for securities priced below $1.00 remains unchanged at 0.30% of dollar value.
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