The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Cboe BZX Exchange, Inc. This change involves amendments to the fee schedule for the use of "Dedicated Cores," a service that enhances trading speed and performance by allocating dedicated CPU processing power to users. Users who opt for this service can use up to two Dedicated Cores free of charge, while additional cores incur a scalable fee based on usage. This service is optional and aims to provide firms, especially those sensitive to latency, a more efficient trading experience.
Simple Explanation
The Cboe BZX Exchange wants to change their price list to give people the option to use special computer power to trade faster. You can get a couple of these special power boosts for free, but if you want more, it will cost extra.