Search Results for keywords:"data consolidation fees"

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.

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.