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.