Cboe BYX Exchange Proposes Amendment to Fee Schedule to Update "Trading Platform" Definition

Cboe BYX Exchange, Inc. has proposed to amend its Fee Schedule to update the definition of "Trading Platform." The amended definition aims to include any functionally equivalent order-matching execution venue, such as single-dealer platforms that internalize order flow and decentralized or tokenized order-matching venues, to ensure equitable fee allocation and avoid disparate treatment.