The Securities and Exchange Commission has issued a notice regarding a proposed rule change by Cboe EDGX Exchange, Inc. This proposal suggests expanding the existing Financial Product Distribution Program to include a new Derived Data Platform Service. The aim is to lower distribution fees for Derived Data and allow broader use of data coming from the Cboe One Summary feed, offering more comprehensive market information across multiple exchanges. This change is intended to enhance competition and provide more options for data distributors without affecting the cost of other exchange products.
Simple Explanation
The Cboe EDGX Exchange wants to change some of their fees to make it cheaper and easier for people to get important stock market information from different places. This change should help more people share and use this data in a simple way.