Search Results for keywords:"monthly fee"

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Search Results: keywords:"monthly fee"

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  • 2021-01731 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
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    Type:Notice
    Citation:86 FR 7324
    Reading Time:about 14 minutes

    The Cboe EDGA Exchange, Inc. has proposed a new rule to amend its fee schedule, introducing a monthly fee for members using more than one Market Participant Identifier (MPID). Each member's first MPID remains free, while additional ones will incur a $150 monthly charge. This measure is intended to incentivize efficient use of MPIDs, as well as cover administrative costs associated with managing them. The proposed fee is lower than a similar fee charged by the Nasdaq Stock Market, encouraging competition among exchanges.

    Simple Explanation

    The Cboe EDGA Exchange wants to start charging a fee when companies use more than one special ID number, called an MPID, on their platform. The first number is free, but any extra numbers will cost $150 each month, to help with managing them and to be fair with other market places.

  • 2021-01836 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
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    Type:Notice
    Citation:86 FR 7440
    Reading Time:about 14 minutes

    The Cboe EDGX Exchange, Inc. proposed a new rule to implement a monthly fee for members using more than one Market Participant Identifier (MPID) starting after their first free MPID. The fee is set at $350 per additional MPID and aims to encourage efficient use of MPIDs by its members. This measure comes in a competitive trading market where participants can choose different platforms if they find fees too high. The Securities and Exchange Commission is reviewing this proposal and is accepting public comments.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge a monthly fee of $350 if members use more than one special code (like a nickname) when trading, to make sure they use these codes wisely. The government is checking if this is a fair rule and asking people what they think.

  • 2025-03586 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Monthly Fee for 10 Gb Physical Ports
    Type:Notice
    Citation:90 FR 11447
    Reading Time:about 3 minutes

    The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to increase the monthly fee for 10 Gb physical ports. This proposal was filed on February 14, 2025, and is intended to be effective immediately. The SEC invites public comments on whether this change aligns with the Securities Exchange Act, and comments must be submitted by March 27, 2025. The full details of the proposed rule change can be accessed on both the SEC and the Exchange's websites.

    Simple Explanation

    The Cboe EDGX Exchange wants to make it cost more every month to use a fast internet connection that helps people trade stocks. They told the SEC about this change and want to start it right away, and people can tell the SEC if they think it's a good idea or not.

  • 2025-03585 — Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Monthly Fee for 10 Gb Physical Ports
    Type:Notice
    Citation:90 FR 11444
    Reading Time:about 3 minutes

    The Cboe C2 Exchange, Inc. has announced a proposed change to increase the monthly fee for a 10 Gb physical port, effective immediately as of February 14, 2025. This proposal was filed with the Securities and Exchange Commission (SEC) which is now inviting public comments on this change until March 27, 2025. The documents related to this proposal are available on both the Exchange's and SEC's websites. The public is encouraged to share their views on whether the proposed rule change aligns with the Securities Exchange Act of 1934.

    Simple Explanation

    A company called Cboe C2 Exchange wants to charge more money each month for using a special computer connection called a "10 Gb physical port." They have told a big group of rule keepers about this change and want people to say what they think about it by March 27, 2025.

  • 2025-00176 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase Its Monthly Fee for Purge Ports
    Type:Notice
    Citation:90 FR 1560
    Reading Time:about 3 minutes

    Cboe EDGX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its monthly fee for Purge Ports, effective January 2, 2025. This change was filed under the Securities Exchange Act of 1934 and has been marked for immediate effectiveness. The SEC is seeking public comments on whether this proposed rule change aligns with the Act. Comments can be submitted electronically or via mail by referring to file number SR-CboeEDGX-2024-087 before January 29, 2025.

    Simple Explanation

    Cboe EDGX Exchange wants to charge more money each month for a special service they offer, starting January 2, 2025, and they told the government about it. People can share their thoughts on this by sending a comment to the government before the end of January.

  • 2021-01584 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish a Monthly Fee Assessed on Members' MPIDs
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    Type:Notice
    Citation:86 FR 7127
    Reading Time:about 15 minutes

    Cboe BZX Exchange, Inc. has proposed a new rule to amend its fee schedule by introducing a monthly fee of $350 for each additional Market Participant Identifier (MPID) a member uses, while the first MPID remains free. This change aims to align fees with the benefits received by members using multiple MPIDs and is designed to promote efficient use of these identifiers. The proposal emphasizes competition among exchanges and states that many options are available for trading, meaning the fee is not overly burdensome. The Securities and Exchange Commission is soliciting public comments on this proposed rule change.

    Simple Explanation

    The Cboe BZX Exchange wants to charge $350 each month for extra "name tags" businesses use to trade, after giving them the first one for free. They believe this will make trading better, but some people think they should better explain why this fee is fair and how it helps everyone.

  • 2025-00175 — Self-Regulatory Organizations; Cboe C2 Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase Its Monthly Fee for Purge Ports
    Type:Notice
    Citation:90 FR 1556
    Reading Time:about 3 minutes

    Cboe C2 Exchange, Inc. has proposed a rule change to increase its monthly fee for Purge Ports, which will be effective on January 2, 2025. This proposal was filed with the Securities and Exchange Commission (SEC) and became immediately effective. The public is invited to submit comments on the change until January 29, 2025, using the SEC's form or email. The proposed change can be viewed on the websites of both the Exchange and the SEC.

    Simple Explanation

    Cboe C2 Exchange wants to charge a little more each month for something called Purge Ports, starting January 2, 2025, and people can share their thoughts about this change until the end of January. The change is already up and running, but the notice doesn't say why they want to charge more or how people's comments might make a difference.

  • 2024-29924 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt Fees for Dedicated Cross Connection Access to the Testing Systems Environment
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    Type:Notice
    Citation:89 FR 102978
    Reading Time:about 25 minutes

    The Securities and Exchange Commission has announced that MIAX Emerald, LLC, plans to introduce a new fee for accessing its testing systems environment through a dedicated cross connection. Previously, users could access this environment, which allows testing of exchange functionality, for free via a VPN or by other means that are being phased out. Starting December 1, 2024, a monthly fee of $1,000 will be charged for this dedicated connection option, but VPN access will remain free. The fee structure aims to reflect competition in the market and is designed to offer equitable pricing compared to similar services provided by other exchanges.

    Simple Explanation

    MIAX Emerald is planning to charge $1,000 a month if someone wants to connect through a special line to test things, like how schools sometimes charge for using special playground equipment, but they can still use the regular internet connection for free to test stuff.