Search Results for keywords:"fee increase"

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

The Cboe EDGX Exchange, Inc. has filed a notice with the Securities and Exchange Commission about changes it is proposing to the fees associated with its EDGX Top Feed data product. These changes include an increase in fees for internal distribution of the data from $500 to $750 per month and the introduction of a $4 monthly fee for each professional user accessing the data internally. The Exchange argues that these fees are competitive when compared to similar products by other exchanges and that this change aligns with their goal of providing valuable market data while operating in a competitive environment. The proposed rule change has taken effect and is open for public comments.

The Options Clearing Corporation (OCC) has filed a proposal to increase its clearing fees with the Securities and Exchange Commission (SEC), effective January 1, 2025. This change will increase the per contract clearing fee from $0.02 to $0.025 and eliminate the $55.00 per transaction fee for larger transactions, moving to a single fee structure regardless of transaction size. The OCC aims to address anticipated financial needs due to factors like inflation and lower interest incomes while ensuring equitable and reasonable costs for its services. The fee change aligns with maintaining OCC's financial stability and regulatory compliance.

The Cboe EDGX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 gigabit (Gb) physical ports from $7,500 to $8,500. This fee is charged to both members and non-members who use these ports to connect to the exchange's data centers. The Exchange argues that the fee increase is necessary to help maintain and improve their market technology and services, and remains competitive compared to fees charged by other exchanges. The proposed change aims to reflect the costs of inflation and investments made in enhancing their systems over the years. The public has been invited to submit comments on this change.

Cboe EDGX Exchange, Inc. has announced a proposed rule change to increase the monthly fee for 10 Gb physical port connections from $7,500 to $8,500. The increase is intended to keep the fees in line with inflation and the costs the exchange incurs to maintain and improve its technology and services. This fee applies uniformly to all market participants who use these high-capacity connections, and it remains lower than similar fees charged by other exchanges. The change is justified by enhancements made to the exchange's services, which have benefited users by improving the capacity and speed of data processing.

The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to raise the monthly fee for 10 Gb physical ports from $7,500 to $8,500. This increase is intended to help maintain and improve market technology and services. The Exchange argues that the price adjustment is in line with competitors and justified by inflation since the last fee change in 2018. The SEC is soliciting comments from the public on this proposed rule change.

Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

The Securities and Exchange Commission has announced that NYSE Arca, Inc. filed a proposed rule change to modify its options fee schedule. This change increases the fee for manual executions by NYSE Arca Market Makers from $0.35 to $0.50 per contract. The adjustment aims to align NYSE Arca’s fees with those of at least one competing exchange. The market is highly competitive, with no single exchange gaining considerable pricing power, so this change is not expected to impose any undue competitive burden.

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.

Nasdaq PHLX LLC has submitted a proposal to increase fees related to its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%, effective January 1, 2025. This increase aims to help the Exchange maintain and enhance its market technology infrastructure. The company argues that it hasn't raised these fees since the mid-2010s, while inflation and the costs of improving services have increased. The proposal invites interested individuals to send comments or concerns to the Securities and Exchange Commission within the stipulated period.