Search Results for keywords:"exchange fees"

Cboe BYX Exchange, Inc. has proposed a new rule to introduce a monthly fee for members who use multiple Market Participant Identifiers (MPIDs). The fee of $150 per MPID, with the first MPID being free, is intended to encourage efficient use of MPIDs. The exchange believes this fee is reasonable and consistent with similar charges by other exchanges like Nasdaq, which imposes a higher MPID fee. The proposal is now open for public comments, and interested individuals can share their feedback with the Securities and Exchange Commission.

Nasdaq BX, Inc. has proposed a rule change to adjust certain exchange fees based on inflation rates. These fee adjustments, which took effect upon proposal and will become fully operative by January 1, 2025, aim to restore the real value of fees that have remained static over time, eroding in purchasing power due to inflation. The changes will occur in three phases over three years, affecting specific market data products but not all fee categories. The adjustments are calculated using the Data Processing Producer Price Index (PPI) and aim to support the Exchange's ongoing investments in its data products and services.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

Nasdaq GEMX, LLC has proposed a rule change to increase its port fees in Options 7, Section 6.C, effective as of January 1, 2025. This proposal, filed with the Securities and Exchange Commission (SEC) on December 20, 2024, is marked for immediate effectiveness. The SEC has issued a notice seeking public comments on whether the proposed fee increase complies with the Securities Exchange Act of 1934. Interested individuals can submit their comments electronically or by mail, and the SEC will post all comments on its website.

Nasdaq MRX, LLC has introduced a new approach for calculating the Options Regulatory Fee (ORF) starting January 1, 2025, which differentiates fees based on where trades occur. The revised system will exclude Market Makers from the ORF and categorize trades under different rates depending on whether they occur on MRX or other exchanges. This update aims to refine the collection of ORF to more precisely cover regulatory costs and ensure no overlap with fees charged by other exchanges. The new method will expire on July 1, 2025, after which the previous fee structure will resume.

The Cboe BYX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 gigabit physical ports from $7,500 to $8,500. This adjustment is intended to help the Exchange maintain and improve its infrastructure and technologies, keeping it competitive with other exchanges that typically charge more. The fee increase reflects the rise in costs over the years due to inflation and the Exchange's investment in technology upgrades, such as increasing capacity and processing speeds. The Securities and Exchange Commission is seeking public comments on this proposal.