Cboe EDGA Exchange, Inc. proposed a rule change to increase the monthly fee for a 10-gigabit physical port from $7,500 to $8,500. This change is intended to help maintain and improve the exchange's market technology, and it aligns with fees charged by other exchanges. The exchange also highlighted its significant investments in upgrading its systems and accommodating new data centers as a reason for the fee increase, which they believe is reasonable given the inflation and enhancements in service quality. The Securities and Exchange Commission is seeking public comments on this proposal.
Simple Explanation
The Cboe EDGA Exchange wants to make it cost more to connect to their system, like charging $8.5 instead of $7.5 to use a special fast cable. They say it's to keep everything working nicely and because they have spent money to make things better, but some people think they should explain more about why they need this extra dollar.