Federal Register / Vol. 89, No. 248 / Friday, December 27, 2024 / Notices 105657 

22 15 U.S.C. 78q–1(b)(3)(F). 

23 17 CFR 240.17Ad–22(e)(2)(v). 

24 15 U.S.C. 78s(b)(2). 

25 In approving the proposed rule change, the 

Commission considered the proposal’s impact on 

efficiency, competition, and capital formation. 15 

U.S.C. 78c(f). 

26 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(ii). 

4 17 CFR 240.19b–4(f)(2). 

5The Exchange initially filed the proposed 

pricing change on June 3, 2024 (SR–BOX–2024–13). 

On June 18, 2024, the Exchange withdrew that 

filing and submitted SR–BOX–2024–16. On August 

16, 2024, the Exchange withdrew SR–BOX–2024–16 

and submitted SR–BOX–2024–19. On October 10, 

2024, the Exchange withdrew SR–BOX–2024–19 

and submitted SR–BOX–2024–24. On October 24, 

2024, the Exchange withdrew SR–BOX–2024–24 

and submitted SR–BOX–2024–26. The instant filing 

replaces SR–BOX–2024–26, which was withdrawn 

on December 17, 2024. 

6 If the Exchange intends to increase or decrease 

fees for Connectivity and Ports in the future, the 

Exchange would be required to file a proposed rule 

change with the Commission under Section 19(b) of 

the Act to amend its Fee Schedule. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that the proposed 

rule change is consistent with the 

requirements of the Act, and in 

particular, with the requirements of 

Section 17A(b)(3)(F) of the Act 22 and 

Rule 17Ad–22(e)(6)(iv) 23 thereunder. 

It is therefore ordered pursuant to 

Section 19(b)(2) of the Act 24 that the 

proposed rule change (SR–ICC–2024– 

012) be, and hereby is, approved.25

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.26

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2024–30778 Filed 12–26–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101979; File No. SR–BOX– 

2024–30] 

Self-Regulatory Organizations; BOX 

Exchange LLC; Notice of Filing and 

Immediate Effectiveness of a Proposed 

Rule Change To Amend the Fee 

Schedule relating to BOX Connectivity 

Fees and Port Fees for Trading on the 

BOX Options Market LLC Facility 

December 19, 2024 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 (the 

‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

17, 2024, BOX Exchange LLC (the 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I, II, and 

III, below, which Items have been 

prepared by the Exchange. The 

Exchange filed the proposed rule change 

pursuant to Section 19(b)(3)(A)(ii) of the 

Act,3 and Rule 19b–4(f)(2) thereunder,4

which renders the proposal effective 

upon filing with the Commission. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of the Substance 

of the Proposed Rule Change 

The Exchange is filing with the 

Securities and Exchange Commission 

(‘‘Commission’’) a proposed rule change 

to amend the Fee Schedule relating to 

BOX Connectivity Fees and Port Fees on 

the BOX Options Market LLC (‘‘BOX’’) 

options facility. The text of the 

proposed rule change is available from 

the principal office of the Exchange, at 

the Commission’s Public Reference 

Room and also on the Exchange’s 

internet website at https://

rules.boxexchange.com/rulefilings. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in Sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend the 

Fee Schedule to increase Connectivity 

Fees for 10 gigabit (‘‘Gb’’) Connections, 

Non-10 Gb Connections, Financial 

Information Exchange (‘‘FIX’’) Ports, 

SOLA® Access Information Language 

(‘‘SAIL’’) Ports, Drop Copy Ports, and 

High Speed Vendor Feed (‘‘HSVF’’) 

Ports (collectively ‘‘Connectivity and 

Ports’’).5 Specifically, the Exchange 

proposes a one-time 6 increase to its fees 

for Connectivity and Ports in Sections 

III.A.2 and III.B of the Fee Schedule. 

By way of background, a physical 

connection is utilized by a Participant 

or non-Participant to connect to BOX at 

the datacenters where BOX’s servers are 

located. BOX currently assesses the 

following physical connectivity fees for 

Participants and non-Participants on a 

monthly basis: $1,000 per connection 

for a Non-10 Gb Connection and $5,000 

per connection for a 10 Gb Connection. 

The Exchange proposes to increase, on 

a one-time basis, the monthly fee for 

Non-10 Gb Connections from $1,000 to 

$1,080 per connection and from $5,000 

to $5,400 monthly fee for each 10 Gb 

Connection. The Exchange notes the 

proposed fee changes better enable BOX 

to continue to maintain and improve its 

market technology and services. 

Further, BOX currently provides four 

types of ports, including: (i) the FIX 

Port, which allows Participants to 

electronically send orders in all 

products traded on BOX; (ii) the SAIL 

Port, which allows Market Makers to 

submit electronic quotes and orders and 

other Participants to submit orders to 

BOX; (iii) the Drop Copy Port, which 

provides a real-time feed containing 

trade execution, trade correction, trade 

cancellation and trade allocation for 

regular and complex orders on BOX for 

Participants; and (iv) the HSVF Port, 

which provides a BOX market data feed 

for both Participants and nonParticipants. The Exchange notes that 

Participants must connect to a 

minimum of one port via FIX or SAIL 

and that there is no minimum or 

maximum number of ports required for 

the Drop Copy Port or the HSVF Port. 

Current FIX Port fees are as follows: 

FIX ports BOX monthly port fees 

1st FIX Port .................... $500 per port per month. 

FIX Ports 2 through 5 ..... $250 per port per month. 

Additional FIX Ports over 

5.

$150 per port per month. 

Current SAIL Port fees are as follows: 

SAIL ports BOX monthly port fees 

Market Making ................ $1,000 per month for all 

Ports. 

Order Entry ..................... $500 per month per port 

(1–5 Ports). 

$150 per month for each 

additional Port. 

The Exchange proposes to increase 

FIX Port fees on a one-time basis as 

follows: 

FIX ports BOX monthly port fees 

1st FIX Port .................... $540 per port per month. 

FIX Ports 2 through 5 ..... $270 per port per month. 

Additional FIX Ports over 

5.

$162 per port per month. 


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105658 Federal Register / Vol. 89, No. 248 / Friday, December 27, 2024 / Notices 

7The 10 Gb and Non-10 Gb Connection fees were 

initially effective on July 19, 2018. See Securities 

Exchange Act Release No. 83728 (July 27, 2018), 83 

FR 37853 (August 2, 2018) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Amend the Fee Schedule on BOX Market LLC 

(‘‘BOX’’) Options Facility To Establish BOX 

Connectivity Fees for Participants and NonParticipants Who Connect to the BOX Network). 

These fees were suspended on September 17, 2018 

and became effective again on October 31, 2019. 

HSVF port fees were increased on January 31, 2018. 

See Securities Exchange Act Release No. 82654 

(February 7, 2018), 83 FR 6284 (February 13, 2018) 

(SR–BOX–2018–04) (Notice of Filing and 

Immediate Effectiveness of a Proposed Rule Change 

To Amend Section VI. (Technology Fees) of the 

BOX Fee Schedule). SAIL, FIX, and Drop Copy port 

fees were established on April 27, 2018. See 

Securities Exchange Act Release No. 83197 (May 9, 

2018), 83 FR 22567 (May 15, 2018) (SR–BOX–2018– 

15) (Notice of Filing and Immediate Effectiveness of 

a Proposed Rule Change To Amend the Fee 

Schedule on the BOX Market LLC (‘‘BOX’’) Options 

Facility To Amend Connectivity Fees and Establish 

Port Fees). 

8See https://fred.stlouisfed.org/series/ 

PCU51825182. 

9See https://www.bls.gov/ppi/overview.htm. 

10 Id. 

11NAICS appears in the PPI Detailed Report and 

is available at https://data.bls.gov/dataViewer/view/ 

timeseries/PCU5182-5182-. 

12See https://www.bls.gov/ppi/factsheets/ 

producer-price-index-for-the-data-processing-andrelated-services-industry-naics-518210.htm. 

13The Exchange used July 2018 as a starting point 

for measuring Data PPI because that is when the last 

of the Connectivity and Ports fees were established. 

See supra note 7. The Exchange notes that starting 

from January 2018 results in an 8.74% Data PPI 

increase and starting from April 2018 results in the 

same Data PPI increase as starting from July 2018. 

The Exchange proposes to increase 

SAIL Port fees on a one-time basis as 

follows: 

SAIL ports BOX monthly port fees 

Market Making ................ $1,080 per month for all 

Ports. 

Order Entry ..................... $540 per month per port 

(1–5 Ports). 

$162 per month for each 

additional Port. 

The Exchange also proposes to 

increase Drop Copy Ports on a one-time 

basis, currently $500 per port per 

month, to $540 per port per month for 

each month a Participant is credentialed 

to use a Drop Copy Port. Drop Copy Port 

fees will remain capped at $2,000 per 

month. 

The Exchange proposes lastly to 

increase HSVF Port fees on a one-time 

basis, currently $1,500 per month, to 

$1,620 per month for each month a 

Participant or non-Participant is 

credentialed to use the HSVF Port. 

The Exchange notes that BOX 

continuously invests in improvements 

that enhance the value of its 

Connectivity and Ports services. BOX 

has expended, and will continue to 

expend, resources to innovate and 

modernize technology so that it may 

benefit its Participants and continue to 

compete among other options markets. 

BOX regularly invests in efforts to 

support and optimize its systems to 

support system capacity, reliability, and 

performance. Yet the Exchange has not 

adjusted any of the fees included in this 

proposal since 2018, to even partially 

offset the costs of maintaining and 

enhancing its Connectivity and Ports 

services.7

As discussed below, the Exchange 

proposes to adjust Connectivity and 

Ports fees by an industry- and productspecific inflationary measure. It is 

reasonable and consistent with the 

Securities and Exchange Act of 1934 

(the ‘‘Act’’) for BOX to recoup its 

investments, at least in part, by 

adjusting its fees. Continuing to operate 

at fees frozen at 2018 levels impacts 

BOX’s ability to enhance its services 

and the interests of market participants. 

The proposed fee increases are based on 

an industry-specific Producer Price 

Index (PPI), which is a tailored measure 

of inflation.8 As a general matter, the 

Producer Price Index is a family of 

indexes that measures the average 

change over time in selling prices 

received by domestic producers of 

goods and services. PPI measures price 

change from the perspective of the 

seller. This contrasts with other metrics, 

such as the Consumer Price Index (CPI), 

that measure price change from the 

purchaser’s perspective.9 About 10,000 

PPIs for individual products and groups 

of products are tracked and released 

each month.10 PPIs are available for the 

output of nearly all industries in the 

goods-producing sectors of the U.S. 

economy—mining, manufacturing, 

agriculture, fishing, and forestry—as 

well as natural gas, electricity, and 

construction, among others. The PPI 

program covers approximately 69 

percent of the service sector’s output, as 

measured by revenue reported in the 

2017 Economic Census. For purposes of 

this proposal, the relevant industryspecific PPI is the Data Processing and 

Related Services PPI (‘‘Data PPI’’), 

which is an industry net-output PPI that 

measures the average change in selling 

prices received by companies that 

provide data processing services. The 

Data PPI was introduced in January 

2002 by the Bureau of Labor Statistics 

(BLS) as part of an ongoing effort to 

expand Producer Price Index coverage 

of the services sector of the U.S. 

economy and is identified as NAICS— 

518210 in the North American Industry 

Classification System.11 According to 

the BLS ‘‘[t]he primary output of NAICS 

518210 is the provision of electronic 

data processing services. In the broadest 

sense, computer services companies 

help their customers efficiently use 

technology. The processing services 

market consists of vendors who use 

their own computer systems—often 

utilizing proprietary software—to 

process customers’ transactions and 

data. Companies that offer processing 

services collect, organize, and store a 

customer’s transactions and other data 

for record-keeping purposes. Price 

movements for the NAICS 518210 index 

are based on changes in the revenue 

received by companies that provide data 

processing services. Each month, 

companies provide net transaction 

prices for a specified service. The 

transaction is an actual contract selected 

by probability, where the pricedetermining characteristics are held 

constant while the service is repriced. 

The prices used in index calculation are 

the actual prices billed for the selected 

service contract.’’ 12 The Exchange 

believes the Data PPI is an appropriate 

measure to be considered in the context 

of the proposed rule change to increase 

the fees for BOX Connectivity and Ports 

because BOX uses its ‘‘own computer 

systems’’ and ‘‘proprietary software,’’ 

i.e., its own servers and proprietary 

matching engine software, respectively, 

to collect, organize, store and report 

customers’ transactions on BOX’s 

proprietary trading platform. In other 

words, BOX is in the business of data 

processing and related services. 

For the period from July 2018 to 

August 2024, the Data PPI had a starting 

value of 107 in July 2018 and an ending 

value of 116.022 in August 2024, an 

8.43% increase.13 This indicates that 

companies who are also in the data 

storage and processing business have 

generally increased prices for a 

specified service covered under NAICS 

518210 by an average of 8.43% during 

this period. Based on that percentage 

change, the Exchange proposes to make 

a one-time fee increase of 8% for BOX 

Connectivity and Ports, which reflects 

an increase covering approximately the 

period since the last adjustment was 

made. The Exchange further believes the 

Data PPI is an appropriate measure for 

purposes of the proposed change on the 

basis that it is a stable metric with 

limited volatility, unlike other 

consumer-side inflation metrics. In fact, 

the Data PPI has not experienced a 

greater than 2.16% increase for any one 

calendar year period since Data PPI was 

introduced into the PPI in January 2002. 

The average calendar year change from 

January 2002 to December 2023 was 

.62%, with a cumulative increase of 

15.67% over this 21-year period. The 


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14See https://www.usinflationcalculator.com/ 

inflation/consumer-price-index-and-annualpercent-changes-from-1913-to-2008/. 

15See infra discussion of system performance 

advancements. Additionally, other exchanges have 

filed for increases in certain fees, based in part on 

comparisons to inflation. See, e.g., Securities 

Exchange Act Release Nos. 101519 (November 5, 

2024), 89 FR 89071 (November 12, 2024) (SRCboeBYX–2024–039); 101691 (November 21, 2024), 

89 FR 93697 (November 27, 2024) (SR–Phlx–2024– 

57). 

16 15 U.S.C. 78f(b). 

17 15 U.S.C. 78f(b)(5). 

18 Id. 

19 15 U.S.C. 78f(b)(4). 

20See https://www.officialdata.org/us/inflation/ 

2018?amount=1. 21The general CPI inflation rate was measured 

from the beginning of 2018 through October 24, 

2024, while the Data PPI was measured from July 

2018 through August 2024. 

Exchange believes the Data PPI is 

considerably less volatile than other 

inflation metrics such as CPI, which has 

had individual calendar-year increases 

of more than 6.5%, and a cumulative 

increase of over 73% over the same 

period.14 The Exchange believes the 

Data PPI, and significant investments 

into and enhanced performance of BOX, 

support the reasonableness of the 

proposed fee increases.15

2. Statutory Basis 

The Exchange believes the proposed 

rule change is consistent with the ‘‘Act 

and the rules and regulations 

thereunder applicable to the Exchange 

and, in particular, the requirements of 

Section 6(b) of the Act.16 Specifically, 

the Exchange believes the proposed rule 

change is consistent with the Section 

6(b)(5) 17 requirements that the rules of 

an exchange be designed to prevent 

fraudulent and manipulative acts and 

practices, to promote just and equitable 

principles of trade, to foster cooperation 

and coordination with persons engaged 

in regulating, clearing, settling, 

processing information with respect to, 

and facilitating transactions in 

securities, to remove impediments to 

and perfect the mechanism of a free and 

open market and a national market 

system, and, in general, to protect 

investors and the public interest. 

Additionally, the Exchange believes the 

proposed rule change is consistent with 

the Section 6(b)(5) 18 requirement that 

the rules of an exchange not be designed 

to permit unfair discrimination between 

customers, issuers, brokers, or dealers. 

The Exchange also believes the 

proposed rule change is consistent with 

Section 6(b)(4) 19 of the Act, which 

requires that Exchange rules provide for 

the equitable allocation of reasonable 

dues, fees, and other charges among its 

Participants and other persons using its 

facilities. 

This belief is based on two factors. 

First, the current fees do not properly 

reflect the quality of the services and 

products, as the fees for the services and 

products in question have been static in 

nominal terms, and therefore falling in 

real terms due to inflation. Second, the 

Exchange believes that investments 

made in enhancing the capacity and 

speed of BOX systems increase the 

performance of the services and 

products. 

As noted above, the Exchange has not 

increased any of the fees included in the 

proposal since 2018. However, in the 

years following the last fee increase 

BOX has made significant investments 

in upgrades to BOX systems, enhancing 

the quality of its services, as measured 

by, among other things, increased 

throughput and faster processing 

speeds. In other words, BOX customers 

have greatly benefitted, while BOX’s 

ability to recoup its investments has 

been hampered. Between 2018 and 

2024, the inflation rate is 3.86% per 

year, on average, producing a 

cumulative inflation rate of 25.50%.20

Using the more targeted inflation 

number of Data PPI, the cumulative 

inflation rate was 8.43% during an 

approximately similar time period.21

The Exchange believes the Data PPI is 

a reasonable metric to base this fee 

increase on because it is targeted to 

producer-side increases in the data 

processing industry. Notwithstanding 

inflation, as noted above, the Exchange 

has not increased its fees at all for over 

six years for the subject services. The 

proposed fee changes represent a 

modest increase from the current fees. 

The Exchange believes the proposed 

fee increase is reasonable in light of 

BOX’s continued expenditure in 

maintaining a robust technology 

ecosystem. Furthermore, BOX continues 

to invest in maintaining and enhancing 

its Connectivity and Ports services—for 

the benefit and often at the behest of its 

Participants. For example, BOX recently 

performed a redesign of its customer 

access network. Particularly, BOX 

replaced existing customer access 

switches with newer models, increased 

the number of switches, and 

implemented an equalized cabling 

system, which the Exchange believes 

resulted in increased determinism. 

Network bandwidth was also increased 

as a result of the upgrades, which 

among other things, can lead to reduced 

message queuing. The Exchange 

believes these network changes result in 

less natural variance in the processing 

of messages for our market participants. 

In addition, BOX has upgraded and 

increased the servers supporting its 

trading platform to enable it to support 

increased levels of incoming participant 

traffic while offering faster message 

processing. The Exchange believes that 

these enhancements increase the value 

of its connectivity and port services. 

The goal of the initiatives discussed 

above, among other things, is to provide 

faster and more consistent order 

handling and matching performance for 

options, while ensuring quicker 

processing time and supporting 

increasing volumes. Accordingly, BOX 

continuously invests in improvements 

that enhance the value of its 

Connectivity and Ports services. As 

discussed above, BOX expended, and 

will continue to expend, resources to 

innovate and modernize technology so 

that it may benefit its Participants and 

continue to compete among other 

options markets. BOX regularly invests 

in efforts to support and optimize its 

systems to support system capacity, 

reliability, and performance. 

The Exchange believes that the 

proposed fee increases are equitably 

allocated and not unfairly 

discriminatory because they would 

apply to all market participants that 

choose to purchase connectivity 

products and services from BOX. Any 

participant that chooses to purchase 

BOX’s connectivity products and 

services would be subject to the same 

Fee Schedule, regardless of what type of 

business they operate or the use they 

plan to make use of the products and 

services. Additionally, the fee increase 

would be applied uniformly to market 

participants without regard to Exchange 

membership status or the extent of any 

other business with BOX. The Exchange 

also believes that the proposal 

represents an equitable allocation of 

reasonable dues, fees and other charges 

because Exchange fees have fallen in 

real terms during the relevant period. 

Finally, the Exchange believes that the 

proposed fee changes are not unfairly 

discriminatory because the fees would 

be assessed uniformly across all market 

participants, in the same manner they 

are today, that voluntarily purchase 

BOX’s connectivity products and 

services, which would remain available 

for purchase by all market participants. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. The 

proposed fee changes will not impact 

intramarket competition because it will 

apply to all similarly situated 

Participants and non-Participants 


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22The Exchange notes that only Participants may 

purchase FIX Ports, SAIL Ports, and Drop Copy 

Ports. 

23 15 U.S.C. 78s(b)(3)(A)(ii). 

24 17 CFR 240.19b–4(f)(2). 

25 17 CFR 200.30–3(a)(12). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

equally (i.e., all market participants that 

choose to purchase connectivity or 

ports).22 As such, the Exchange believes 

that the proposed fees do not put any 

market participants at a relative 

disadvantage compared to other market 

participants. As noted above, the fee 

schedule would continue to apply to all 

market participants that choose to 

connect to BOX in the same manner as 

it does today albeit at inflation-adjusted 

rates for certain fees, and market 

participants may choose whether to 

connect directly to BOX at all. The 

Exchange also believes that the level of 

the proposed fees neither favor nor 

penalize one or more categories of 

market participants in a manner that 

would impose an undue burden on 

competition. 

The Exchange believes that the 

proposed fees do not impose a burden 

on intermarket competition that is not 

necessary or appropriate. In determining 

the proposed fees, the Exchange utilized 

an objective and stable metric with 

limited volatility. Utilizing Data PPI 

over a specified period of time is a 

reasonable means of recouping BOX’s 

investment in maintaining and 

enhancing its Connectivity and Ports 

services. The Exchange believes 

utilizing Data PPI, a tailored measure of 

inflation, to increase certain fees for 

BOX connectivity to recoup BOX’s 

investment in maintaining and 

enhancing its Connectivity and Ports 

services would not impose a burden on 

intermarket competition. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action Effectiveness 

The foregoing rule change has become 

effective pursuant to Section 

19(b)(3)(A)(ii) of the Exchange Act 23

and Rule 19b–4(f)(2) thereunder,24

because it establishes or changes a due, 

or fee. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission summarily may 

temporarily suspend the rule change if 

it appears to the Commission that the 

action is necessary or appropriate in the 

public interest, for the protection of 

investors, or would otherwise further 

the purposes of the Act. If the 

Commission takes such action, the 

Commission shall institute proceedings 

to determine whether the proposed rule 

should be approved or disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

BOX–2024–30 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–BOX–2024–30. This file 

number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (https://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–BOX–2024–30 and should be 

submitted on or before January 17, 2025. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.25

Vanessa A. Countryman, 

Secretary. 

[FR Doc. 2024–30899 Filed 12–26–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101982; File No. SR– 

CboeEDGX–2024–083] 

Self-Regulatory Organizations; Cboe 

EDGX Exchange, Inc.; Notice of Filing 

and Immediate Effectiveness of a 

Proposed Rule Change To Update Its 

Fee Schedule Regarding Uncontrolled 

External Distributors 

December 19, 2024. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

16, 2024, Cboe EDGX Exchange, Inc. 

(the ‘‘Exchange’’ or ‘‘EDGX’’) filed with 

the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I, II, and III below, which Items 

have been prepared by the Exchange. 

The Commission is publishing this 

notice to solicit comments on the 

proposed rule change from interested 

persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

Cboe EDGX Exchange, Inc. (the 

‘‘Exchange’’ or ‘‘EDGX’’) proposes to 

update its Fee Schedule. The text of the 

proposed rule change is provided in 

Exhibit 5. 

The text of the proposed rule change 

is also available on the Exchange’s 

website (http://markets.cboe.com/us/ 

options/regulation/rule_filings/edgx/), 

at the Exchange’s Office of the 

Secretary, and at the Commission’s 

Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 


khammond on DSK9W7S144PROD with NOTICES