Search Results for keywords:"uncontrolled external distributors"

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.

The Cboe EDGX Exchange, Inc. has submitted a proposal to update its fee schedule related to uncontrolled external distributors. The proposal introduces fee waivers to encourage new vendors to adopt and distribute the EDGX Top and Summary Depth data feeds, as well as the Cboe One Summary and Premium feeds, without being charged until they have at least one user. These waivers aim to assist distributors in managing initial costs while developing and integrating new data feeds for market data distribution. The Securities and Exchange Commission will review and solicit public comments on this proposal.