Cboe EDGA Uncaps Dedicated Cores to Boost Trader Flexibility
Published Date: 5/13/2026
Notice
Summary
Cboe EDGA Exchange is removing the limit on how many Dedicated Cores market participants can use. This change affects traders and firms using the exchange’s tech, giving them more flexibility starting immediately. No new fees are added, but users can now access as many cores as they need to trade faster and smarter.
Analyzed Economic Effects
5 provisions identified: 4 benefits, 0 costs, 1 mixed.
Exchange Removes Core Cap Text
On May 1, 2026 Cboe EDGA removed language in its Fee Schedule that capped the maximum number of Dedicated Cores available to market participants. The change lets the Exchange adjust how many Dedicated Cores are available via its technical specification instead of the fee schedule, giving trading firms more flexibility to request additional Dedicated Cores.
Caps Moved Into Technical Specification
Cboe EDGA will place the caps on Dedicated Cores in the Cboe Titanium U.S. Equities Binary Order Entry Specification rather than in the Fee Schedule. The filing says the caps in that specification will continue to apply to Members and Sponsoring firms (the Exchange previously allowed up to 120 Dedicated Cores for Members and up to 35 per Sponsored Access relationship as of December 1, 2024).
No Change to Dedicated Core Fees
The Exchange stated it is not changing the fee charged for Dedicated Cores as part of this filing. If you currently pay for Dedicated Cores, your per-core fee remains the same after the rule change.
Dedicated Cores Still Voluntary
The filing reiterates that Dedicated Cores are voluntary and not required to trade on the Exchange; firms may continue to use shared BOE logical order entry ports instead of, or in addition to, Dedicated Cores. You can choose whether to purchase Dedicated Cores based on your needs.
Immediate Effect, 60-Day SEC Review Possible
The rule change became effective immediately after the Exchange filed it on May 1, 2026, but the SEC may suspend the change within 60 days and institute proceedings. Market participants can rely on the change now, subject to potential SEC action within the 60-day window.
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
2026-07651 — 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!
2026-09964 — Self-Regulatory Organizations; MIAX SAPPHIRE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Short Term Option Series Program
MIAX Sapphire is updating its Short Term Option Series Program to clear up how Monday and Wednesday short-term options work when a company announces earnings after the market closes. This change helps traders understand option listings better and keeps things running smoothly. The update is effective immediately and mainly affects traders dealing with these special short-term options.
2026-09951 — Proposed Collection; Comment Request; Extension: Rule 206(4)-6
The SEC wants to keep the rules that make sure investment advisers vote your shares in your best interest. This affects advisers who vote proxies for clients and requires them to keep clear policies, share how they vote, and handle conflicts fairly. They’re asking for comments before extending this rule, with no big changes or extra costs expected, so everything stays transparent and trustworthy.
2026-09967 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Chapter 8 of the Exchange's Rulebook Relating To Investigative and Disciplinary Matters
Cboe EDGX Exchange is updating its rules about how it investigates and disciplines its members and their associates. These changes clarify who the Exchange can discipline and improve the process to keep things fair and clear. The new rules took effect right after filing on May 4, 2026, with no new fees involved.
2026-09960 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 515A, MIAX Emerald Price Improvement Mechanism and PRIME Solicitation Mechanism
MIAX Emerald is updating its rules to let Market Makers join special auctions called PRIME and cPRIME as potential trading partners. This change helps speed up trades and could improve prices for investors using these options. The new rule took effect right after filing on May 1, 2026, so Market Makers and traders should get ready for smoother, faster deals!
2026-09965 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule To Adopt Fees Applicable to Trading Options on MXWLD, MXACW, and MXUSA
Starting May 1, 2026, NYSE Arca is updating its options fee schedule to include new fees for trading options on three cool indexes: MSCI World (1/100), MSCI ACWI, and MSCI USA (1/100). Traders and investors dealing with these options will see these changes right away, making it clear how much it costs to trade these fresh products. This update helps keep fees fair and transparent as new options hit the market!
Previous / Next Documents
Previous: 2026-09471 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Fee Schedule To Remove Text Capping the Number of Dedicated Cores Available to Market Participants
Cboe EDGX Exchange is removing the limit on how many Dedicated Cores market participants can use. This change means traders can access more computing power without hitting a cap, starting right away. It affects all members who rely on these cores and could boost trading speed and flexibility without extra fees.
Next: 2026-09473 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Exchange's Fee Schedule to Remove Text Capping the Number of Dedicated Cores Available to Market Participants
Cboe BZX Exchange is removing the limit on how many Dedicated Cores market participants can use. This change means traders can access more computing power without restrictions, starting immediately. It affects all members and could boost trading speed without changing fees right now.