Cboe EDGX Exchange, Inc. has announced a proposed rule change to increase the monthly fee for 10 Gb physical port connections from $7,500 to $8,500. The increase is intended to keep the fees in line with inflation and the costs the exchange incurs to maintain and improve its technology and services. This fee applies uniformly to all market participants who use these high-capacity connections, and it remains lower than similar fees charged by other exchanges. The change is justified by enhancements made to the exchange's services, which have benefited users by improving the capacity and speed of data processing.
Simple Explanation
Cboe EDGX Exchange is raising the cost of using their super-fast internet connections because it costs them more to keep everything running smoothly, but they didn't give all the details about these costs. This new price is still less than what other places charge.