Federal Register #SR-CBOE-2026-055

SEC Notice: Cboe and Nasdaq PHLX Proposed Rule Changes for Fee Structures and Connectivity Services

This notice details proposed rule changes by Cboe Exchange, Inc. and Nasdaq PHLX LLC, as published by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - No Original Equipment Manufacturers (OEMs) or commercial vendors are involved, as this is a regulatory rule change and fee schedule update - Products/Services Requested: - Amendments to fee codes for DJX and RUT FLEX Micro Orders on Cboe Exchange - DJX FLEX Micro Orders: Application of SPX FLEX Micros fee codes (GE, GF, GD) to DJX FLEX Micros, with fees ranging from $0.006 to $0.009 per contract - RUT FLEX Micro Orders: Consolidation to a single fee code (GA) at $0.009 per contract for multiple participant types; elimination of fee codes GB and GC - Removal of all fees and references related to MSCI Index Products, which are no longer traded - Establishment of fees for Nasdaq PHLX TNO Cross-Connect Service, a telecommunications network operator connectivity service within Nasdaq's data center - Unique or Notable Requirements: - Fee schedule simplification and alignment across similar index options - Removal of obsolete product references (MSCI Index Products) - Introduction of a new connectivity service fee for Nasdaq PHLX - No procurement of physical products or services; this is a regulatory and fee structure update

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change by Cboe Exchange, Inc. to amend the fee structure related to DJX and RUT FLEX Micro Orders and to eliminate references to MSCI Index Products. The proposal includes applying certain fee codes from SPX FLEX Micros to DJX FLEX Micros, consolidating fees for RUT FLEX Micros, and removing fees and references related to MSCI Index Products as these are no longer traded on the Exchange. The changes aim to simplify the fee schedule, align fees across similar products, and provide clarity to market participants.

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