Search Results for keywords:"fee waivers"

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Search Results: keywords:"fee waivers"

  • Type:Notice
    Citation:89 FR 105665
    Reading Time:about 24 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to update its fee schedule for certain market data feeds. The proposed changes aim to waive External Distribution and Data Consolidation fees for new Uncontrolled External Distributors of specific data feeds, like BZX Top and Cboe One Summary, until they gain users. This is intended to encourage vendors to adopt these feeds and broaden distribution without immediate costs. The proposal is meant to promote fair competition and is part of Cboe's efforts to minimize business costs for distributors.

    Simple Explanation

    Cboe BZX Exchange wants to let certain companies, called "Uncontrolled External Distributors," use some of their market data for free until they have users, to make it cheaper for these companies to start using their data. They hope this move will help these companies share data more widely without having to pay right away.

  • Type:Notice
    Citation:89 FR 105660
    Reading Time:about 24 minutes

    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.

  • Type:Notice
    Citation:89 FR 106667
    Reading Time:about 24 minutes

    The Cboe BYX Exchange, Inc. submitted a proposal to the Securities and Exchange Commission (SEC) to update its fee schedule related to market data access fees. This proposed rule change would waive external distribution and data consolidation fees for new "uncontrolled" external distributors of specific data feeds, such as BYX Top, BYX Summary Depth, Cboe One Summary, and Cboe One Premium, until these distributors recruit users to subscribe to these feeds. The aim is to encourage vendors to adopt and develop these data feeds without waiting for customer demand. The proposal claims to promote fair competition and the effective distribution of data by waiving certain fees typically required when distributors first adopt these data feeds.

    Simple Explanation

    The Cboe BYX Exchange wants to make it cheaper for new companies to use their special data about stock trades. They are not going to charge these companies at first, hoping more companies will use their data without worrying about costs right away.

  • Type:Notice
    Citation:89 FR 106692
    Reading Time:about 23 minutes

    Cboe EDGA Exchange, Inc. has proposed a new rule to update its fee schedule by introducing fee waivers for new Uncontrolled External Distributors of specific market data feeds. The Exchange aims to encourage the adoption of these data feeds by waiving certain distribution and data consolidation fees until these distributors find users for their services. This initiative is designed to help these distributors manage initial development costs and broaden the distribution of Cboe's market data products, promoting fair competition and enhancing access to real-time trading information. The Securities and Exchange Commission is seeking public comments on this proposal.

    Simple Explanation

    Cboe EDGA Exchange wants to let new helpers who share special market information for trading use it for free at first, so it's easier for them to start and find people who want this information. This is like giving these helpers a head start by not charging them money right away, which helps them share more and makes trading information easier to get.