Search Results for keywords:"Specialized Quote Feed"

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Search Results: keywords:"Specialized Quote Feed"

  • Type:Notice
    Citation:90 FR 2051
    Reading Time:about 4 minutes

    Nasdaq PHLX LLC, a self-regulatory organization, has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to increase port fees for the Specialized Quote Feed (SQF) Ports and SQF Purge Ports in Options 7, Section 9. This rule change was filed on December 20, 2024, and is set to take effect immediately, although it will become operative on January 1, 2025. The SEC is inviting public comments on this proposal until January 31, 2025, and all interested parties are encouraged to submit their views and arguments regarding the change.

    Simple Explanation

    Nasdaq PHLX wants to charge more money for special types of computer connections used in trading, starting next year, and they want people to share their thoughts about it.

  • Type:Notice
    Citation:90 FR 2048
    Reading Time:about 4 minutes

    Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its fees for ports used in the BX Options 7, Section 3, specifically for the Specialized Quote Feed (SQF) and SQF Purge Ports. The change will take effect immediately as of December 20, 2024, but the new pricing will be officially operative starting January 1, 2025. The SEC invites the public to submit comments regarding whether this proposed rule is consistent with the Securities Exchange Act of 1934. All the relevant documents and details about the change are available on both the Nasdaq and SEC websites.

    Simple Explanation

    Nasdaq BX wants to charge more money from people who use their special computer connections to trade faster, and they told the government they're doing it. They want people to tell them if they think charging more is fair, but they didn't say how much more it will cost.

  • Type:Notice
    Citation:89 FR 104584
    Reading Time:about 16 minutes

    The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

    Simple Explanation

    The Nasdaq Stock Market wants to make it a bit more expensive for special tools that help people who trade lots of things at once because they need more money to keep their machines running better and safer. They say this extra money will help make these tools better, but it's not very clear how, and some people are wondering if this is the best way to solve the problem.