Search Results for keywords:"Nasdaq BX"

Nasdaq BX, Inc. has proposed a rule change to introduce fees for its expanded co-location services. This proposal was filed with the Securities and Exchange Commission (SEC) on January 8, 2025, and is set to take immediate effect. The SEC is inviting public comments on whether this rule change aligns with the Securities Exchange Act. Those interested can submit their views online or via mail, ensuring they reference file number SR-BX-2025-003 in their correspondence.

Nasdaq BX, Inc. has proposed a rule change relating to options trading that was officially filed with the Securities and Exchange Commission (SEC) on January 28, 2025. This proposal seeks to adjust the handling of responses in their Price Improvement Auction (PRISM) and clarify the Acceptable Trade Range rules. The SEC has made this notice public to gather comments and feedback on whether the changes comply with existing laws. People interested in sharing their views can submit their comments by February 28, 2025.

Nasdaq BX, Inc. has introduced a proposed rule change to establish fees for Industry Members to cover budgeted costs related to the Consolidated Audit Trail for 2025. This proposal has been filed with the Securities and Exchange Commission (SEC) and has been marked for immediate effectiveness. The SEC is seeking comments from the public on whether this change aligns with the Securities Exchange Act. Interested parties can submit their comments online or via mail by February 13, 2025.

The Securities and Exchange Commission has received a proposal from Nasdaq BX to change how they handle the Options Regulatory Fee (ORF) starting on January 1, 2025. The change will adjust how fees are collected from different kinds of option transactions to better match the costs of regulation. Specifically, the proposal distinguishes between local and away trades and sets different fees for these categories. Nasdaq BX aims to ensure that these fees do not exceed 88% of the actual regulatory costs, and plans to revert to the previous fee system by July 1, 2025, unless further changes are made.

Nasdaq BX, Inc. has submitted a proposal to change the definitions of “class” and “series” in its rulebook, aiming to align them with those of its affiliated exchanges. This change was filed on December 20, 2024, and is immediately effective according to the Securities Exchange Act of 1934. The Securities and Exchange Commission (SEC) is asking the public for their comments and views on this proposed rule change. The details of the proposal and instructions for submitting comments can be found on the Nasdaq BX and SEC websites.

Nasdaq BX, Inc. has filed a notice with the Securities and Exchange Commission to increase fees for its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10% and 9%, respectively. The proposed changes are intended to help Nasdaq BX cover costs incurred from technology upgrades and to better align with inflation rates in the industry over recent years. These fees, which were last raised in 2016 and 2018, impact Market Makers who use these ports for trading on the exchange. The proposal claims these increases are fair and ensure continued investment in technology, benefiting participants by providing enhanced trading services.

Nasdaq BX, Inc. has proposed a rule change to adjust fees related to options market data products, such as BX Top and BX Depth, according to the rate of inflation. This change was filed with the Securities and Exchange Commission and is intended to take effect immediately, with the operational date set for January 1, 2025. The proposal aims to adjust various distribution and subscriber fees to account for inflation since they were last updated. The Securities and Exchange Commission is inviting public comments on this proposal, with comments due by February 3, 2025.

Nasdaq BX, Inc. has proposed a rule change to adjust certain exchange fees based on inflation rates. These fee adjustments, which took effect upon proposal and will become fully operative by January 1, 2025, aim to restore the real value of fees that have remained static over time, eroding in purchasing power due to inflation. The changes will occur in three phases over three years, affecting specific market data products but not all fee categories. The adjustments are calculated using the Data Processing Producer Price Index (PPI) and aim to support the Exchange's ongoing investments in its data products and services.

Nasdaq BX, Inc., a self-regulatory exchange, has proposed new fees for expanding its co-location services in its NY11-4 data center. These fees cover monthly charges for new "Ultra High Density Cabinets," installation fees for these and other cabinet types, and fees for power and power distribution options. The exchange justifies the fees as reasonable and consistent with market rates, offering flexible choices to customers, who may opt for third-party providers if they prefer. The Securities and Exchange Commission is accepting public comments on this proposal until December 27, 2024.

Nasdaq BX, Inc. proposed a rule change to amend Rule 4759, altering its data feeds for handling and executing orders. This adjustment involves using a direct feed from the Long-Term Stock Exchange as the primary source, with CQS/UQDF as a backup. The Securities and Exchange Commission (SEC) allowed this change to become effective immediately, aiming to improve transparency without significantly affecting competition or the public’s interest. The SEC invites public comments on this rule change, seeking input through its website or email by January 2, 2025.