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U.S. Cash Equities July Highlights
August 7, 2025
July Highlights
- Cboe EDGA® Equities Exchange (EDGA) increased 26% or 17 basis points month-over-month, the second largest exchange market share jump
- Cboe BZX® Equities Exchange (BZX) grew 22.5 basis points month-over-month
Come and join the growth on EDGA: No volume-based tiers, simple pricing model and free to join for new members
- 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
Cboe BYX® Equities Exchange (BYX): Not just a leader in market share for inverted exchanges
- Periodic Auctions volume grew 107% month-over-month due to a combination of new participants and firms choosing to trade big
- If you are not currently receiving the Periodic Auctions missed opportunity report, please speak with your sales representative to be added to the distribution list
- Read our analysis on how Cboe’s periodic auctions offer a unique way to source liquidity
Upcoming Changes
- Timestamp report updates
- Enhancements to the data and distribution for the timestamp reports
- Cboe Timestamping Service Enhancements
News and Insights
- Capturing Liquidity with Cboe's Periodic Auctions
- Index Insights: July
- Cboe Surpasses 1,000 U.S. Listed ETFs as Demand for Innovative Products Drives Market Growth
- The ETF Shift That’s Reshaping Investor Strategy
- The VIX® Index Decomposition - A Heuristic Framework to Unravel Unexpected Behaviors in the VIX Index
U.S. Listings
- In July, Cboe listed 37 new Exchange Traded Funds (ETFs)
- Learn more about our U.S. ETFs