The Securities and Exchange Commission published a notice about a proposed rule change by the Cboe EDGA Exchange to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. The exchange believes the increase is reasonable due to inflation since 2018, investments made to enhance technology, and because the new fee is still competitive compared to other exchanges. The proposed rule change is aimed at maintaining and improving the exchange's services and infrastructure. Feedback from the public is invited, and all comments will be reviewed by the Commission.
Simple Explanation
The document talks about a plan from a company that runs a stock exchange to make one of its special internet connections a little more expensive each month, going from $7,500 to $8,500. They say this is because prices have gone up since 2018, they've made their technology better, and this new price is still a good deal compared to what other places charge.