The Cboe BZX Exchange, Inc. has proposed a rule change related to fees for connecting to its network, specifically increasing the cost of 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change aims to account for inflation and reflects investments in the Exchange's infrastructure, like upgraded switch hardware and new data centers, which enhance service quality and capacity. The Exchange argues that even with the fee increase, their pricing remains competitive with other exchanges. Public comments on this proposed change are solicited by the Securities and Exchange Commission.
Simple Explanation
The Cboe BZX Exchange wants to charge more money each month for using their special internet connections to help pay for better equipment and new buildings. They promise they're still cheaper than other places, and they're asking people to share what they think about this change.