Search Results for keywords:"Specialized Quote Feed (SQF) Ports"

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Search Results: keywords:"Specialized Quote Feed (SQF) Ports"

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  • 2024-30526 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 9
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    Type:Notice
    Citation:89 FR 104597
    Reading Time:about 18 minutes

    Nasdaq PHLX LLC has submitted a proposal to increase fees related to its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%, effective January 1, 2025. This increase aims to help the Exchange maintain and enhance its market technology infrastructure. The company argues that it hasn't raised these fees since the mid-2010s, while inflation and the costs of improving services have increased. The proposal invites interested individuals to send comments or concerns to the Securities and Exchange Commission within the stipulated period.

    Simple Explanation

    Nasdaq PHLX wants to make it cost a bit more for some special computer connections called SQF Ports, starting next year, so they can keep making their technology better. They haven't raised these costs in a long time, and now they say they need to because everything else got more expensive too.

  • 2025-00302 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Exchange's Port Fees in NOM Options 7, Section 3
    Type:Notice
    Citation:90 FR 2045
    Reading Time:about 4 minutes

    The Nasdaq Stock Market LLC has filed a proposed rule change to raise fees for specific port types in its Options Market rules, specifically the Specialized Quote Feed (SQF) Ports and SQF Purge Ports. The rule change was submitted with the Securities and Exchange Commission (SEC) on December 20, 2024, and has been classified for immediate effect, with the rule to be operational starting January 1, 2025. The SEC is inviting public comments on this proposal, which can be submitted via its website or by mail. The proposal aims to adjust Nasdaq’s port pricing and has been discussed in detail on both Nasdaq and SEC websites.

    Simple Explanation

    Nasdaq wants to charge a bit more money for some special tools it offers to people buying and selling options. They asked for permission to start doing this soon, and people are welcome to say what they think about this idea.