Nasdaq GEMX, LLC submitted a proposal to the Securities and Exchange Commission (SEC) to adjust fees for certain market data products based on inflation rates. The proposed changes affect the Nasdaq GEMX Order Feed, Top Feed, Real-Time Depth of Market Raw Feed, and Trade Feed, adjusting fees both for internal and external distribution. This rule change is designed to become effective immediately, and the SEC is seeking public comments on the proposal. Comments must be submitted by February 3, 2025, and individuals should ensure no personal identifiable information is included in submissions.
Simple Explanation
Nasdaq GEMX wants to change some of the fees for getting information about buying and selling stocks because things are getting more expensive, just like how toys or candies can cost more over time. They are asking people what they think about this plan, and anyone can say something about it before a certain date, but be careful not to use any personal details.