Cboe BZX Exchange, Inc. proposed a rule change with the Securities and Exchange Commission to amend its fee schedule. The proposal aims to expand its Financial Product Distribution Program by introducing a new Derived Data Platform Service. This service would allow distributors to provide financial products using data derived from the Cboe Aggregated Market. Additionally, the proposal includes fee reductions for distributors, particularly for Non-Professional Users, to encourage broader access and distribution of market data.
Simple Explanation
Cboe BZX Exchange wants to change some rules to make it cheaper and easier for people and businesses to access and use special data about the stock market, hoping more people will use it. This change is kind of like giving a discount so that everyone, even people who aren’t money experts, can play and learn with the same toys.