CHICAGO, Aug. 1, 2019 /PRNewswire/ -- Cboe Global
Markets, Inc. (Cboe: CBOE), one of the world's largest exchange
holding companies, 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 fees1. 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.
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.
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-asset volatility 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.
Media
Contacts
|
|
Analyst
Contact
|
|
|
|
Angela
Tu
|
Stacie
Fleming
|
|
Debbie
Koopman
|
+1-646-856-8734
|
+44-20-7012-8950
|
|
+1-312-786-7136
|
atu@cboe.com
|
sfleming@cboe.com
|
|
dkoopman@cboe.com
|
|
|
|
CBOE-E
CBOE-OE
Cboe®, Cboe Volatility Index®, VIX® and Cboe
Global Markets® are registered trademarks of Cboe Exchange, Inc.
All other trademarks and service marks are the property of their
respective owners.
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cboe-introduces-new-small-retail-broker-distribution-program-for-us-equities-market-data-300895390.html
SOURCE Cboe Global Markets, Inc.