Federal Register #SRCboeEDGX2026051

SEC Notice: Cboe EDGX Exchange Rule Change to Increase Discounted External Distribution Fee for EDGX Top Feed

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by Cboe EDGX Exchange, Inc. regarding market data distribution fees. - Government buyer: - Securities and Exchange Commission (SEC) - OEM/vendor mentioned: - Cboe EDGX Exchange, Inc. - Key details of the rule change: - Increases the discounted external distribution fee for the EDGX Top Feed from $750 to $1,250 per month under the Small Retail Broker Distribution Program - The standard external distribution fee for the EDGX Top Feed remains $2,250 per month - The program is designed for broker-dealers distributing the feed to non-professional data users - Eligibility: at least 90% non-professional users, no more than 10,000 such users - No changes to other program features or eligibility criteria - No products or services are being procured; this is a regulatory fee adjustment - Cboe EDGX Exchange, Inc. is the only OEM/vendor referenced - No contract value, period of performance, or line items are applicable as this is not a procurement opportunity

Description

The Cboe EDGX Exchange, Inc. has filed a proposed rule change to increase the external distribution fee for the EDGX Top Feed from $750 to $1,250 per month under the existing small retail broker distribution program. This program offers a discounted fee to small retail brokers distributing the feed to non-professional data users. The change aims to adjust the discounted fee in response to current market conditions while maintaining a discount relative to the standard fee of $2,250 per month. The proposal is effective immediately upon filing and is intended to enhance the Exchange's competitiveness and support retail investor access to real-time equity data.

View original listing