Cboe Offers Market Data Feed to Retail Brokers at Lower Cost

Cboe Global Markets is providing its real-time stock quote and trade information data feed to small retail brokers at lower fees as the company expands its “Data Recipients” who offer the product to non-professional users.

The firm says the new program caters to small brokers and the individual investors they serve and was a result of high demand from small market participants looking to consume the data on a single platform.

The relationship will see qualified broker-dealers offering customers the Cboe One Summary Feed, which delivers a unified view of the aggregated quotes and trades for the Cboe U.S. equities exchanges. To qualify for the new program, at least 50 percent of the brokerage's subscribers must be non-professional investors, provided that the total number doesn’t exceed 5,000 users.

At only $3,500 per month, retail brokers can subscribe to the full package and offer their investors bid and offer quote and last sale trading information across all Cboe US equities exchanges.

Cost-effective quote and trade information

The Cboe One Summary Feed is a market data product that provides reference quotes and trade data for market participants looking for real-time data. With one product and one license, the offering provides a unified view of the market from all four Cboe venues: BZX Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, BYX Exchange, EDGX Exchange, and EDGA Exchange.

These four exchanges combine to make Cboe Global Markets one of the largest Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term operators in the US and a leading market globally for ETP trading.

Cboe offers two versions of its One Feed – the Cboe One Summary Feed and Cboe One Premium Feed. Each of these feeds offers a different selection of utilities, including aggregated quotes (Best Bid and Offer) and trades (Last Sale). However, the Cboe One Premium feed also provides depth information (5 levels), including size, across its four exchanges.

Commenting on the news, Kevin Carrai, VP and global head of Market Data at Cboe Global Markets said: “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.”