Search Results for keywords:"Unitized Logical Ports"

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Search Results: keywords:"Unitized Logical Ports"

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  • 2024-28112 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on Its Equity Options Platform
    💰
    Type:Notice
    Citation:89 FR 95294
    Reading Time:about 30 minutes

    Cboe BZX Exchange, Inc. has introduced a new rule to implement fees for new types of logical ports on its equity options platform. This change is part of a new connectivity offering called "Unitized Logical Ports," which is meant to improve consistency and efficiency in trading by reducing the natural variance in processing messages. Alongside, Cboe BZX is also proposing Average Daily Order (ADO) and Average Daily Quote (ADQ) fees to regulate extensive use of the system's resources. These changes are optional for members, aimed at encouraging efficient use and ensuring that resources are not overused, impacting system performance.

    Simple Explanation

    Cboe BZX Exchange is adding new fees for special computer connections that help with trading, and these fees might be confusing or expensive for some smaller traders. They say the goal is to make trading more efficient and fair, but some people are worried it could make trading harder or costlier for those who don’t trade as much.

  • 2024-31191 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on Its Equity Options Platform
    💰
    Type:Notice
    Citation:89 FR 106675
    Reading Time:about 31 minutes

    Cboe BZX Exchange, Inc. has proposed a new rule to adopt fees for its new logical ports, which are linked to a new connectivity option on its equity options platform. These new logical ports, known as Unitized Logical Ports, provide a more consistent experience in trading by reducing the variability in how orders are processed. The proposal also includes new fees for members who exceed certain daily average limits for orders or quotes, aiming to encourage efficient use of the exchange's resources and prevent excessive activity that could disrupt systems. The changes are optional, with the goal of providing members with more trading flexibility.

    Simple Explanation

    Cboe BZX Exchange wants to add some new types of connections, like special cables, for people who trade on its platform, and they plan to charge extra if someone uses too many. It's like a rule that helps make sure everyone gets a fair chance to play, but it might be a bit tricky for smaller players.