The Cboe EDGX Exchange, Inc. submitted a proposal to the Securities and Exchange Commission (SEC) to amend its fee schedule related to logical port fees. The changes involve increasing the monthly fees for various types of ports, including logical ports, spin ports, and bulk quoting ports. The Exchange believes the fee adjustments align with those of similar exchanges and will help improve its market technology and services without burdening competition. The proposal is open for public comments on the SEC's website until April 21, 2025.
Simple Explanation
The Cboe EDGX Exchange is telling the government about its plan to charge more money for using their special tech tools to do business, and they think it's fair because other places charge the same. People can tell the government if they think it's a good idea or not until April 21, 2025.