Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.
Simple Explanation
Cboe BZX Exchange wants to charge more for a special stock market information service, costing companies $750 each month to share this data inside their workplace, plus $4 each month for every worker who looks at it. They're keeping the price the same for sharing this information outside the company.