Nasdaq GEMX, LLC has filed a proposal with the U.S. Securities and Exchange Commission to introduce new fees for its expanded co-location services. These services allow clients to place their computers and hardware within Nasdaq's data center to access trading data more efficiently. The proposal includes fees for a new type of computer cabinet called the Ultra High Density Cabinet and installation fees for both cabinets and power distribution units in a newly expanded section of their data center. This proposal aims to improve service and accommodate growing demand while ensuring that fees remain fair and consistent with market standards.
Simple Explanation
Nasdaq GEMX is asking to charge new fees for special computer spots at their trading center where people can set up faster computers. These fees might make it easier for rich companies to get faster trading, and not everybody likes that.