Federal Register #SR-CBOE-2026-040

SEC Review of Cboe Exchange Market Data Fee Schedule Amendments

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from Cboe Exchange, Inc. regarding its market data product fee schedule. - Government Buyer: - Securities and Exchange Commission (SEC) - OEM/Vendor: - Cboe Exchange, Inc. (OEM and provider of market data products) - Products/Services Requested: - Market data products as listed in the Cboe Exchange fee schedule - User fee exemption for Controlled Distributors using market data solely for permitted purposes: - Software development - Quality assurance - Testing - Sales support related to redistribution - Technical monitoring - Amended definition of 'Non-Display Usage' to include machine or automated access not solely for display to natural persons - Unique/Notable Requirements: - Exemption applies specifically to Display Usage fees for eligible Controlled Distributors - Clarifies and aligns fee policies with industry standards - No specific part numbers or purchase quantities provided - Place of Performance/Delivery: - SEC headquarters in Washington, DC

Description

This notice announces a proposed rule change by Cboe Exchange, Inc. to amend its fee schedule. The amendments include codifying a user fee exemption for Controlled Distributors using market data products for specific permitted purposes such as software development and technical monitoring, and revising the definition of "Non-Display Usage" to include access or use by machines or automated devices not solely for display to natural persons. The rule change is filed with the Securities and Exchange Commission and is effective immediately.

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