The Cboe EDGX Exchange, Inc. has submitted a proposal to update its fee schedule related to uncontrolled external distributors. The proposal introduces fee waivers to encourage new vendors to adopt and distribute the EDGX Top and Summary Depth data feeds, as well as the Cboe One Summary and Premium feeds, without being charged until they have at least one user. These waivers aim to assist distributors in managing initial costs while developing and integrating new data feeds for market data distribution. The Securities and Exchange Commission will review and solicit public comments on this proposal.
Simple Explanation
The Cboe EDGX Exchange wants to make it cheaper and easier for some companies to share their financial data by not charging them until they have a user. The plan is like giving new players in a video game free access until they make a friend, but some people are worried this isn't fair to everyone.