The BOX Exchange LLC proposed a rule change to update its Fee Schedule by increasing fees for connectivity and ports used on the BOX Options Market LLC facility. These changes reflect an 8% fee increase justified by an industry-specific inflation measure called the Producer Price Index for Data Processing and Related Services. The fee adjustments are meant to help the Exchange maintain and enhance its market technology and services, despite not having increased these fees since 2018. The Securities and Exchange Commission is seeking public comments on this proposal until January 17, 2025.
Simple Explanation
The BOX Exchange LLC wants to raise the costs for using their special market computers by 8% because they haven't changed these costs since 2018, and they say prices for this kind of service have generally gone up. The government is asking people to share their thoughts on this idea by January 17, 2025.