Cboe EDGX® Equities Exchange (EDGX) Retail Priority Average Daily Volume (ADV) increased 18% month-over-month to 192 million shares
Want to trade against retail volume? Look for retail-attested volume in the Depth of Book feed
Early Trading Hours (4-7 a.m. ET) ADV on EDGX was 346.7 million shares, 43% market share, up from 38% month-over-month
Cboe BYX® Equities Exchange (BYX) market share was up 15 basis points month-over-month, the largest increase in the inverted exchange landscape
Cboe EDGA® Equities Exchange (EDGA): No volume-based tiers, simple pricing and free to join for new Members
Customers receive a -$.0027 rebate for display adding and -$.003 rebate for display National Best Bid or Offer (NBBO) adding. See the fee schedule here
Customers also receive a -$.0025 rebate for adding hidden or midpoint liquidity
Under the New Member Program, qualifying members receive one free Logical Order Entry Port (FIX or BOE) and a first-year Membership Fee Waiver to further support market participants
Dedicated Cores
Dedicated Cores were rolled out in 2024 across Cboe’s four U.S. cash equities exchanges to further improve efficiency of client workflow
With April’s increased volumes and volatility, dedicated cores experienced more determinism and order flow efficiency compared to FIX and BOE sessions
Members receive the first two Dedicated Cores available for free on each market
Upcoming Changes
June 6, 2025 | Cboe BZX® Equities Exchange (BZX) will change the Market-On-Close cutoff time from 3:59 p.m. ET to 3:55 p.m. ET for Exchange Traded Products (ETPs) and Corporate Listings
