Cboe BYX Exchange, Inc. is proposing a new rule to amend its fee schedule by introducing fees for the use of "Dedicated Cores," which provide enhanced processing power by dedicating a CPU core to a single user rather than sharing it with others. Users can receive up to two Dedicated Cores at no extra cost, but additional cores will incur fees ranging from $650 to $1,050 based on the number used. The Exchange believes these changes would improve trading efficiency and performance while remaining optional and flexible for users. The new rule is designed to ensure fair access to these resources while managing limited data center space.
Simple Explanation
Cboe BYX Exchange wants to charge users money if they need extra "computer brain power" to trade, but lets them use a bit for free so everyone can still play fairly.