The Securities and Exchange Commission has announced that the Cboe BZX Exchange, Inc. plans to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. This change aims to help the exchange maintain and update its technology while keeping its fees competitive compared to other exchanges. The exchange has noted that this increase accounts for inflation and is consistent with improvements made in their services. Public comments are invited on this proposed rule change.
Simple Explanation
The SEC says that a place where people trade stocks, called Cboe BZX Exchange, is going to ask for $1,000 more each month for a special connection that helps them trade faster, to pay for better technology. They want to make sure their fees are fair compared to others and want people to tell them what they think about this.