The Cboe EDGX Exchange, Inc. has proposed a rule change to amend its fee schedule by introducing a new fee structure for the use of Dedicated Cores, which are CPU resources reserved for single-user order processing. Initially, users can access up to two Dedicated Cores at no extra cost, but fees apply for additional cores, with prices increasing as more cores are used. This system is designed to offer enhanced performance through reduced latency and improved throughput, but its use is entirely optional. The changes are intended to be equitable, ensuring all users have access to similar opportunities without unfair discrimination, while also managing its finite resources effectively.
Simple Explanation
Think of it like a game where you can use special tools to help you play faster, but you have to pay if you want more than two tools. Cboe EDGX Exchange is making these changes so everyone has a fair chance to use these tools without using too many at once.