The Cboe C2 Exchange, Inc. has proposed a change to increase the monthly fee for 10 Gb physical connection ports from $7,500 to $8,500. This change is intended to help maintain and enhance their market technology and services and is still competitively priced compared to other exchanges. The proposed fee adjustment is justified by inflation and significant technological upgrades made by the Exchange since the current fee was set in 2018, which has improved the speed and capacity of their services. The proposal is filed under the regulations of the Securities Exchange Act of 1934, and public comments are invited on this change.
Simple Explanation
Cboe C2 Exchange wants to raise the price for special internet plugs used by companies to trade fast on their system from $7,500 to $8,500 a month, which they say is due to upgrades and inflation, and they invite people to share their thoughts about this change.