Cboe EDGX Sets Fees for New Clock Synchronization Service
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
Cboe EDGX is adding fees, including a free trial, for a new optional Clock Service. The service lets subscribers align their time-recording systems with the exchange’s systems so they can measure latency more accurately. The change mainly affects trading firms, market data users, exchange members, and non-members that want more precise timing data for trading operations or performance analysis. Firms that do not use the service do not need to take action.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adds a fee structure for Cboe EDGX’s new optional Clock Service
- Includes a free trial for the service
- Makes the service available to both exchange members and non-members
Obligations
What this law requires
Entities that choose to subscribe to Cboe EDGX's optional Clock Service must pay the applicable fees adopted for that service after any available free trial period.