Search Results for keywords:"operating expenses"

The Securities and Exchange Commission announced that the Options Clearing Corporation (OCC) has filed a rule change to update its schedule of fees. This change, effective February 14, 2025, increases the per contract clearing fee from $0.02 to $0.025 and removes the flat per transaction fee of $55.00 for transactions of 2,751 or more contracts. The OCC states that this update is based on its need to address expected cash flow requirements considering interest rate forecasts, operating expenses, and other financial factors. Comments on this proposed rule change are being accepted until March 17, 2025.

The U.S. Coast Guard announced new pilotage rates for 2025 under the Great Lakes Pilotage Act of 1960. The updated rates, which take into account factors like inflation, district operating costs, and an increase in the number of pilots, will result in a 7% rise in pilotage costs compared to the previous year. These changes are made to ensure safe and reliable pilotage services in the Great Lakes, catering to foreign merchant vessels and any U.S. vessel engaged in foreign trade. The Coast Guard reviewed public comments on these changes but made no alterations to the proposed rates.