Cboe EDGX Exchange, Inc. has proposed a change to its fee schedule, specifically increasing the cost of 10 gigabit (Gb) physical connectivity ports from $7,500 to $8,500 per month. This fee adjustment is intended to support the maintenance and improvement of market technology and services while staying competitive compared to fees charged by other exchanges. The proposed change is also meant to reflect inflation and investments the Exchange has made since the last fee adjustment in 2018. The Securities and Exchange Commission is seeking public comments on this proposal until January 21, 2025.
Simple Explanation
Cboe EDGX Exchange wants to raise the price for a type of internet connection used in trading from $7,500 to $8,500 each month, to help keep their technology up-to-date and cover costs. They are asking people to share their thoughts about this price change before making it final.