The Cboe C2 Exchange, Inc. has submitted a proposal to increase fees for 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change is intended to help maintain and improve the Exchange's technology and services. The Exchange argues that the increase is justified due to inflation and significant investments made to enhance service quality. The new fee structure will apply uniformly to all users and allows them to access multiple affiliated exchanges without additional costs.
Simple Explanation
The Cboe C2 Exchange is raising the cost to use a special kind of internet plug from $7,500 to $8,500 each month to make sure their service stays good and fast. They say this is because things have gotten more expensive and they're spending more money to improve things, but how they will use the extra money isn't explained clearly.