Cboe Offers Small-Broker Data Discount
Cboe Introduces New Small Retail Broker Distribution Program for U.S. Equities Market Data
- Program would allow small broker-dealers that support up to 5,000 individual investors to use and distribute Cboe equities exchange data at discounted rates
- Program aims to provide cost-efficiency to small brokers, and in turn, help broaden access to market data for individual investors
CHICAGO – August 1, 2019 – Cboe Global Markets, Inc. (Cboe: CBOE), one of the world’s largest exchange holdingcompanies, today announced it has launched a new Small Retail Broker Distribution Program which aims to broaden access to U.S. equities market data for individual investors.
The new program, effective August 1, 2019, subject to regulatory review, would allow small retail broker-dealers that support up to 5,000 individual investors to distribute Cboe’s real-time top of book data feeds – including the Cboe One Summary Feed – for use throughout their websites and platforms at reduced fees(1). The new program endeavors that individual investors continue to have fair and efficient access to high-quality, real-time U.S. equities market data, and reflects Cboe’s ongoing commitment to serving the interests of all investors through a variety of offerings.
As the company’s most popular market data product, the Cboe One Summary Feed provides cost-effective, high- quality quote and trade information for market participants looking for comprehensive, real-time U.S. equities market data. With one product and a single license, the Cboe One Summary Feed provides market participants a unified view of the market across all four Cboe U.S. equities exchanges – BZX Exchange, BYX Exchange, EDGX Exchange and EDGA Exchange – and a valuable window into the securities that are trading on Cboe’s liquid markets. UTP and CTA SIP Consolidated Volume is also included in the Cboe One Summary Feed, reflecting the total trading volume occurring on all market centers for Tape A, B or C-listed securities.
“Cboe is committed to serving the investing public and providing a variety of market data service offerings to meet the diverse needs of investors of all sizes,” said Kevin Carrai, Vice President and Global Head of Market Data and Access Services at Cboe Global Markets. “Our new Small Retail Broker Distribution Program is designed with this mission in mind. Catering to small, retail brokers and the individual investors they serve, we believe this program will further democratize access to real-time U.S. equities quote and trade information through lower costs and broader distribution to individual investors.”
Cboe offers a variety of competitively-priced data solutions for a diverse set of market participants and vendors –including data platforms, financial information websites, fintech firms, buy-side investors, retail brokers, regional banks, and securities firms globally – that are increasingly seeking Cboe’s lower cost, high quality real-time U.S. equities market data to power their systems and applications.
1Distributors that participate in the Program would be liable for lower distribution and consolidation fees for access to Cboe One Summary Feed. Distribution fee for Cboe One Summary Feed would be lowered by 30% from the current $5,000 per month to $3,500 per month, while consolidation fee charged for Cboe One Summary Feed would be lowered by 65% from the current $1,000 per month to $350 per month.
In particular, distribution of the company’s flagship Cboe One Summary Feed has continued to expand over recent years, reaching nearly two million reported users globally. The feed is now available through most major financial data vendors including FactSet Research Systems Inc., ICE Data Services, IHS Markit, Morningstar, Refinitiv Limited, among more than a dozen other vendor partners.
(1) Distributors that participate in the Program would be liable for lower distribution and consolidation fees for access to Cboe One Summary Feed. Distribution fee for Cboe One Summary Feed would be lowered by 30% from the current $5,000 per month to $3,500 per month, while consolidation fee charged for Cboe One Summary Feed would be lowered by 65% from the current $1,000 per month to $350 per month.
About Cboe Global Markets, Inc.
Cboe Global Markets, Inc. (Cboe: CBOE) is one of the world’s largest exchange holding companies, offering cutting- edge trading and investment solutions to investors around the world. The company is committed to relentless innovation, connecting global markets with world-class technology and providing seamless solutions that enhance the customer experience.
Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-assetvolatility products based on the Cboe Volatility Index (VIX Index), the world’s barometer for equity market volatility.
Cboe’s trading venues include the largest options exchange in the U.S. and the largest stock exchange by value traded in Europe. In addition, the company is one of the largest stock exchange operators in the U.S. and is a leading market globally for ETP trading.
The company is headquartered in Chicago with offices in Kansas City, New York, London, Amsterdam, San Francisco, Singapore, Hong Kong and Quito, Ecuador. For more information, visit www.cboe.com.