Federal Register #SR-CboeEDGX-2026-056

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

This notice concerns a proposed rule change by Cboe EDGX Exchange, Inc., published by the Securities and Exchange Commission (SEC), regarding amendments to the exchange's fee schedule for an Order Entry Protocol Migration Program. - Government Buyer: - Securities and Exchange Commission (SEC) - Cboe EDGX Exchange, Inc. (self-regulatory organization submitting the rule change) - OEMs and Vendors: - No OEMs or commercial vendors are mentioned - Products/Services Requested: - Fee credits for logical ports established solely as backup connections during an Exchange-initiated order entry protocol migration (e.g., migration from BOEv2 to BOEv3 logical ports) - No physical products, part numbers, or purchase quantities are listed - Unique or Notable Requirements: - Fee credits are only available if: - The member notifies the Exchange of the backup port - The redundant port is canceled within 30 calendar days - The backup port is used only due to Exchange issues related to the migration - The program is intended to reduce operational risk and costs for exchange members during protocol migrations - No procurement of goods or services from external vendors is involved

Description

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

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