Search Results for keywords:"fee proposal"

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Search Results: keywords:"fee proposal"

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  • 2025-01770 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Its Expanded Co-Location Services
    Type:Notice
    Citation:90 FR 8314
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    Nasdaq BX wants to start charging for a special service that lets computers be really close to their machines to make trading faster. The rule change is new, and people can tell the government what they think about it.

  • 2024-28541 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Its Expanded Co-Location Services
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    Type:Notice
    Citation:89 FR 97148
    Reading Time:about 16 minutes

    Nasdaq GEMX, LLC has filed a proposal with the U.S. Securities and Exchange Commission to introduce new fees for its expanded co-location services. These services allow clients to place their computers and hardware within Nasdaq's data center to access trading data more efficiently. The proposal includes fees for a new type of computer cabinet called the Ultra High Density Cabinet and installation fees for both cabinets and power distribution units in a newly expanded section of their data center. This proposal aims to improve service and accommodate growing demand while ensuring that fees remain fair and consistent with market standards.

    Simple Explanation

    Nasdaq GEMX is asking to charge new fees for special computer spots at their trading center where people can set up faster computers. These fees might make it easier for rich companies to get faster trading, and not everybody likes that.