Cboe Shifts EDGA Equities Exchange to Maker-Taker Model

Beginning November 1, Cboe will transition the EDGA Equities Exchange from an inverted venue to a maker-taker venue. According to a story in Traders Magazine, Cboe will also be implementing a high rebate, tier-free pricing model. In a statement, Oliver Sung, Vice President, Head of North American Equities, Cboe Global Markets, said “We envision EDGA’s simpler pricing model attracting firms who are attracted to a simpler market model. Most importantly, we expect these changes to make EDGA an exchange with faster fill rates, more stable quotes and simpler workflow”.