Cboe EDGX Exchange Expands Price Levels for Data Feeds
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The law allows Cboe EDGX Exchange to increase the number of price levels in its data feeds from five to twelve. This change is aimed at improving transparency and price discovery by providing deeper market insight to participants using the exchange's data services. Subscribers will have more information regarding liquidity, helping them make better-informed trading decisions.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increases price levels in data feeds from five to twelve
- Enhances transparency and price discovery for market participants
- The five-level feed will be phased out by the end of 2026
Obligations
What this law requires
Amend Rule 13.8(f) to increase the number of aggregated depth-of-book price levels in the EDGX Summary Depth Data Feed from five (5) to twelve (12) price levels per side
Amend Rule 13.8(b)(i) to offer twelve (12) price levels for Cboe One Premium Data Feed in addition to the existing five (5) price levels during a transition period
Sunset the five (5) price level feed for Cboe One Premium by December 31, 2026, with the specific date to be announced via Exchange Notice
Provide both two-sided quotes and the number of shares available to buy and sell at each of the twelve (12) price levels in data feeds
Define Cboe One Summary Data Feed and Cboe One Premium Data Feed within rule text to clarify these different feeds for market participants