Cboe BYX Exchange, Inc. has proposed a new rule change that introduces a fee waiver for Uncontrolled External Distributors in the Market Data section of its Fee Schedule. This rule change has been filed with the Securities and Exchange Commission (SEC) and is set for immediate effectiveness. The public is invited to submit comments on this proposed change, with submissions needing to reference the file number SR-CboeBYX-2025-002. The SEC will accept comments via email, mail, or through the internet until March 21, 2025.
Simple Explanation
The Cboe BYX Exchange is changing its rules to let certain people, called "Uncontrolled External Distributors," not have to pay a fee for some types of data. People can tell the government what they think about this change until March 21, 2025.