U.S. Cash Equities May Highlights

May Highlights

• Cboe EDGX® Equities Exchange (EDGX) Retail Priority Average Daily Volume (ADV) executed 188 million shares
• Want to see what retail thinks? Look for retail-attested volume in the Depth of Book feed
• Early Trading Hours (4-7a.m. ET) ADV on EDGX was 350 million shares, representing 42% market share
• On May 1, 2025, Cboe BZX® Equities Exchange (BZX) introduced Early Trading Hours (4-7 a.m. ET), increasing market access across the globe

Cboe EDGA® Equities Exchange (EDGA): No volume-based tiers and great rebates for displayed and hidden liquidity

• Customers receive a -$.0027 rebate for display adding and a -$.003 rebate for display National Best Bid or Offer (NBBO) adding. 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

Upcoming Changes

• Enhancements to the data and distribution for timestamp reports
• 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

News and Insights

• Cboe's Vision for 24/5 Market Accessibility: Leveraging Data to Empower Investors
• Follow the Flow: Maximizing Executions with Cboe Routing Strategies