Cboe EDGA Updates Trading Platform Definition in Fee Schedule

On September 1, 2026 Cboe EDGA Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission (Release No. 34-106307; File No. SR-CboeEDGA-2026-027) to amend its Fee Schedule. The amendment updates the definition of "Trading Platform" to add "a similar order-matching execution venue or decentralized platform (including blockchain-based or tokenized environments)."

The current definition lists three categories - registered National Securities Exchange, Alternative Trading System, and Electronic Communications Network. The proposed language expands the scope to capture functionally equivalent venues such as single-dealer platforms and emerging decentralized or tokenized order-matching environments.

The Exchange states the change is intended to ensure equitable allocation of fees among its members and other persons using its facilities, consistent with Sections 6(b)(4) and 6(b)(5) of the Securities Exchange Act of 1934. It asserts the amendment will not impose an unnecessary burden on competition and notes that no comments were solicited or received.

Pursuant to Section 19(b)(3)(A) of the Act and paragraph (f) of Rule 19b-4, the rule change became effective immediately. The Commission is publishing this notice in the Federal Register (FR Doc No: 2026-18659) to solicit comments within 60 days of the filing.