Cboe Bills Traders for Cancel Order Timestamps Now
Published Date: 9/8/2025
Notice
Summary
Cboe Exchange just started charging fees for its new All Cancels Report, which shows detailed timing info on canceled orders. This change affects traders and firms using Cboe’s data and kicked in right away on August 25, 2025. If you rely on this report, expect a new cost for accessing these timestamps.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New $1,500/month data fee
If your firm is a Trading Permit Holder (TPH) and you want Cboe's All Cancels Report, Cboe now charges a flat fee of $1,500 per month. The fee took effect August 25, 2025, and mid-month subscriptions are prorated based on the subscription start date.
Report includes detailed cancel timestamps
The All Cancels Report gives subscribing TPHs detailed cancel-related fields such as Message Type, Date, Recipient Firm ID, Session Sub ID, Client Identifier, Cboe Order ID, Symbol, Exchange System Timestamps (including hardware and software timestamps), Matching Unit number, Queued flag, and Port Type. The report explicitly does not include any trade records or aggressor information and is intended to help analyze cancel behavior across market scenarios.
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Key Dates
Department and Agencies
Related Federal Register Documents
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