Type:Notice
Citation:86 FR 6705
Reading Time:about 14 minutes
Cboe Exchange, Inc. has proposed a rule change to update the fees associated with its Silexx trading platform. The changes include new fees for "drop copy" services and order routing through Financial Information eXchange (FIX). These updates are in line with the transition to the newer Cboe Silexx platform from the older PULSe platform. The Securities and Exchange Commission is seeking comments on this proposed rule change, which aims to streamline trading operations and fee structures for users.
Simple Explanation
Cboe Exchange wants to change some prices for using their trading services, like sending information and orders, but it's a bit tricky to understand how it might affect small traders.