Federal Register #SR-CBOE-2026-039

SEC Notice: Fee Structure Changes for Silexx API and BOX Exchange Data Product

This opportunity centers on proposed changes to fee structures for financial market data and API services: - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Cboe Exchange, Inc. (Silexx API) - BOX Exchange (One Minute Intraday Open-Close Data Report) - Products/Services Requested: - Silexx Application Programming Interface (API) with new usage-based tiered pricing - Tier 1: $299 per login ID/month, 200 calls/minute, 20,000 daily call cap, $0.01 per call overage - Tier 2: $699 per login ID/month, 2,000 calls/minute, 200,000 daily call cap, $0.01 per call overage - Tier 3: $999 per login ID/month, 2,000 calls/minute, no daily cap, no overage fee - One Minute Intraday Open-Close Data Report from BOX Exchange - Available for purchase by Participants and non-Participants - Includes ad-hoc historical data and academic discounts - Unique/Notable Requirements: - Silexx API pricing replaces a flat monthly fee with a tiered, usage-based model - Overage fees apply for exceeding daily call caps in lower tiers - BOX Exchange offers academic discounts for its data product - No specific part numbers or purchase quantities provided; focus is on subscription and data access - Place of Performance/Delivery: - SEC (federal office) is the contracting authority - No specific delivery locations or federal facilities mentioned for product/service use

Description

The Securities and Exchange Commission (SEC) has issued a notice regarding a proposed rule change by Cboe Exchange, Inc. to replace the existing flat monthly fee for the Silexx Application Programming Interface (API) with a usage-based tiered pricing structure. The proposed change introduces three pricing tiers ranging from $299 to $999 per login ID per month, with corresponding rate limits and daily call caps. The change aims to better align fees with actual API usage and resource consumption, replacing the flat $200 monthly fee that has been in place since 2017. The proposal also includes an overage fee for calls exceeding daily caps for Tier 1 and Tier 2 users, while Tier 3 has no daily cap.

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