Federal Register #SR-CboeBZX-2026-069

Proposed Rule Change: Cboe BZX Exchange Fee Credits for Order Entry Protocol Migration

This notice concerns a proposed rule change by Cboe BZX Exchange, Inc. regarding its fee schedule for order entry protocol migrations. - Government Buyer: - Securities and Exchange Commission (SEC) - Cboe BZX Exchange, Inc. (and affiliated exchanges: BYX Exchange, EDGA Exchange, EDGX Exchange, Cboe Exchange, C2 Exchange) - OEMs and Vendors: - Cboe BZX Exchange, Inc. (primary) - Products/Services Requested: - No physical products or services are being procured - The notice describes a program for fee credits related to redundant logical ports during order entry protocol migrations - Unique/Notable Requirements: - Fee credits are available to Members who establish backup logical ports during Exchange-initiated protocol migrations - Credits require notification to the Exchange, cancellation of the backup port within 30 days, and port usage only due to migration issues - Program aims to reduce operational risk and costs for Members, and promote market stability - No bids or proposals for goods/services are requested - No part numbers or purchase quantities are listed

Description

This notice announces a proposed rule change by Cboe BZX Exchange, Inc. to amend its fee schedule by implementing an Exchange Order Entry Protocol Migration Program. The program provides fee credits to Members who establish redundant logical ports as backup connections during an Exchange-initiated order entry protocol migration. The credits apply if certain conditions are met, including notification to the Exchange, cancellation of the redundant port within 30 days, and usage only due to Exchange-related issues. The program aims to reduce operational risk and costs for Members during protocol migrations and promote market stability.

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