Cboe BZX Adopts Fees for New Clock Service
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Cboe BZX Exchange is adding fees, including a free trial, for its new optional Clock Service. The service lets members and non-members synchronize their time-recording systems with the exchange’s systems to measure latency more accurately. The change mainly affects trading firms, market data users, technology vendors, and other firms that choose to subscribe. It does not require firms to use the service, but potential subscribers should review the new fee schedule before adopting it.
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Key Changes
- Adds fees for Cboe BZX’s new optional Clock Service
- Includes a free trial for the service
- Applies to both exchange members and non-members that choose to subscribe
Obligations
What this law requires
Firms that elect to subscribe to Cboe BZX Exchange’s optional Clock Service must pay the applicable fees adopted in the Exchange’s amended fee schedule after any free trial period described by the Exchange.