2025-17111NoticeWallet

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.

Your PRIA Score

Score Hidden

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.

Free to start

Key Dates

Effective Date
Published Date
8/25/2025
9/8/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
Source: View HTML

Related Federal Register Documents

Previous / Next Documents

Back to Federal Register

Take It Personal

Get Your Personalized Policy View

Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in