Cboe EDGX adds IEX to fee code RP with $0.25 per contract charge

On Oct. 1, 2026 Cboe EDGX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission (Release No. 34-106628; File No. SR-CboeEDGX-2026-069) to amend its Fees Schedule. The filing, made pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4, became immediately effective under Section 19(b)(3)(A) of the Act.

The amendment adds IEX Exchange, Inc. to fee code RP, which is appended to customer orders routed to designated options venues and assessed a charge of $0.25 per contract. Prior to the change, fee code RP covered orders routed to NYSE American, BOX Options Exchange, Cboe Exchange, Inc., MX2 LLC, MIAX Options Exchange, MIAX Sapphire, LLC, and Nasdaq PHLX LLC (excluding SPY options routed to PHLX). The proposed rule retains the $0.25 per contract rate for IEX-routed orders.

The Exchange states the purpose is to align routing fees with the cost of routing to other away options exchanges, reflecting transaction fees and the Exchange's routing costs. It cites the statutory basis in the Act, specifically Section 6(b)(5) and Section 6(b)(4), emphasizing that the rule is designed to prevent fraudulent practices, promote equitable trade, and avoid unfair discrimination.

The Exchange asserts the amendment imposes no unnecessary burden on competition. Routing through Cboe EDGX remains optional, and market participants may direct order flow to any of the 17 other options exchanges or off-exchange venues if they consider fees excessive. All member customer orders routed to IEX will automatically receive fee code RP and the uniform $0.25 charge.

No comments were solicited or received. The Commission may, within 60 days of the filing, temporarily suspend the rule change if deemed necessary in the public interest, for investor protection, or to further the purposes of the Act.