Search Results for keywords:"technology upgrades"

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC has filed a proposed rule change to increase the fees for their Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%. These ports are used by Market Makers to send quotes to the exchange, and the increase aims to adjust for inflation and maintain the quality and security of the exchange's technology. Nasdaq cites investments in technology upgrades as a reason for the fee increase, which intends to better align pricing with improvements in service quality. The new fees will be effective from January 1, 2025, and the SEC is seeking public comments on this proposed rule change.

The U.S. Consumer Product Safety Commission has finalized a rule requiring electronic filing (eFiling) of certificates for imported consumer goods that need to comply with safety regulations. This rule aims to improve the efficiency of inspections and reduce port delays by using certificate data to better identify potentially harmful products. Companies will need to upload product details using the CPSC's Product Registry or similar systems, and they will have an 18- to 24-month window to implement these changes, depending on the type of import. The rule will impact both domestic and import businesses, but the CPSC estimates limited financial burden on small firms due to the structured roll-out period and digital solutions available.

Nasdaq BX, Inc. has filed a notice with the Securities and Exchange Commission to increase fees for its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10% and 9%, respectively. The proposed changes are intended to help Nasdaq BX cover costs incurred from technology upgrades and to better align with inflation rates in the industry over recent years. These fees, which were last raised in 2016 and 2018, impact Market Makers who use these ports for trading on the exchange. The proposal claims these increases are fair and ensure continued investment in technology, benefiting participants by providing enhanced trading services.

The Cboe BYX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 gigabit physical ports from $7,500 to $8,500. This adjustment is intended to help the Exchange maintain and improve its infrastructure and technologies, keeping it competitive with other exchanges that typically charge more. The fee increase reflects the rise in costs over the years due to inflation and the Exchange's investment in technology upgrades, such as increasing capacity and processing speeds. The Securities and Exchange Commission is seeking public comments on this proposal.