Search Results for keywords:"monthly fee"

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Search Results: keywords:"monthly fee"

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  • 2021-01584 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
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    Type:Notice
    Citation:86 FR 7127
    Reading Time:about 15 minutes

    Cboe BZX Exchange, Inc. has proposed a new rule to amend its fee schedule by introducing a monthly fee of $350 for each additional Market Participant Identifier (MPID) a member uses, while the first MPID remains free. This change aims to align fees with the benefits received by members using multiple MPIDs and is designed to promote efficient use of these identifiers. The proposal emphasizes competition among exchanges and states that many options are available for trading, meaning the fee is not overly burdensome. The Securities and Exchange Commission is soliciting public comments on this proposed rule change.

    Simple Explanation

    The Cboe BZX Exchange wants to charge $350 each month for extra "name tags" businesses use to trade, after giving them the first one for free. They believe this will make trading better, but some people think they should better explain why this fee is fair and how it helps everyone.

  • 2024-29924 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
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    Type:Notice
    Citation:89 FR 102978
    Reading Time:about 25 minutes

    The Securities and Exchange Commission has announced that MIAX Emerald, LLC, plans to introduce a new fee for accessing its testing systems environment through a dedicated cross connection. Previously, users could access this environment, which allows testing of exchange functionality, for free via a VPN or by other means that are being phased out. Starting December 1, 2024, a monthly fee of $1,000 will be charged for this dedicated connection option, but VPN access will remain free. The fee structure aims to reflect competition in the market and is designed to offer equitable pricing compared to similar services provided by other exchanges.

    Simple Explanation

    MIAX Emerald is planning to charge $1,000 a month if someone wants to connect through a special line to test things, like how schools sometimes charge for using special playground equipment, but they can still use the regular internet connection for free to test stuff.

  • 2021-01836 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
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    Type:Notice
    Citation:86 FR 7440
    Reading Time:about 14 minutes

    The Cboe EDGX Exchange, Inc. proposed a new rule to implement a monthly fee for members using more than one Market Participant Identifier (MPID) starting after their first free MPID. The fee is set at $350 per additional MPID and aims to encourage efficient use of MPIDs by its members. This measure comes in a competitive trading market where participants can choose different platforms if they find fees too high. The Securities and Exchange Commission is reviewing this proposal and is accepting public comments.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge a monthly fee of $350 if members use more than one special code (like a nickname) when trading, to make sure they use these codes wisely. The government is checking if this is a fair rule and asking people what they think.

  • 2021-01731 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
    💰
    Type:Notice
    Citation:86 FR 7324
    Reading Time:about 14 minutes

    The Cboe EDGA Exchange, Inc. has proposed a new rule to amend its fee schedule, introducing a monthly fee for members using more than one Market Participant Identifier (MPID). Each member's first MPID remains free, while additional ones will incur a $150 monthly charge. This measure is intended to incentivize efficient use of MPIDs, as well as cover administrative costs associated with managing them. The proposed fee is lower than a similar fee charged by the Nasdaq Stock Market, encouraging competition among exchanges.

    Simple Explanation

    The Cboe EDGA Exchange wants to start charging a fee when companies use more than one special ID number, called an MPID, on their platform. The first number is free, but any extra numbers will cost $150 each month, to help with managing them and to be fair with other market places.