Search Results for keywords:"fee increase"

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Search Results: keywords:"fee increase"

  • Type:Notice
    Citation:89 FR 105650
    Reading Time:about 21 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change related to fees for connecting to its network, specifically increasing the cost of 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change aims to account for inflation and reflects investments in the Exchange's infrastructure, like upgraded switch hardware and new data centers, which enhance service quality and capacity. The Exchange argues that even with the fee increase, their pricing remains competitive with other exchanges. Public comments on this proposed change are solicited by the Securities and Exchange Commission.

    Simple Explanation

    The Cboe BZX Exchange wants to charge more money each month for using their special internet connections to help pay for better equipment and new buildings. They promise they're still cheaper than other places, and they're asking people to share what they think about this change.

  • Type:Notice
    Citation:86 FR 6719
    Reading Time:about 30 minutes

    The Cboe EDGX Exchange, Inc. has filed a notice with the Securities and Exchange Commission about changes it is proposing to the fees associated with its EDGX Top Feed data product. These changes include an increase in fees for internal distribution of the data from $500 to $750 per month and the introduction of a $4 monthly fee for each professional user accessing the data internally. The Exchange argues that these fees are competitive when compared to similar products by other exchanges and that this change aligns with their goal of providing valuable market data while operating in a competitive environment. The proposed rule change has taken effect and is open for public comments.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge more money for a special kind of on-screen number information. Now, they want people in big offices to pay more each month and also want to charge anyone else who uses this new information.

  • Type:Notice
    Citation:89 FR 106696
    Reading Time:about 20 minutes

    The Securities and Exchange Commission (SEC) has announced that Cboe BZX Exchange, Inc. is proposing a change to its fee schedule related to the cost of 10 Gb physical ports used for connectivity to the exchange. The monthly fee for these ports will increase from $7,500 to $8,500, which Cboe argues is necessary to maintain and improve its market technology and is still competitive compared to other exchanges. The proposed change aims to account for inflation and additional investments in infrastructure and technology. Interested parties are invited to submit comments on the proposal to the SEC.

    Simple Explanation

    The Cboe BZX Exchange wants to charge a bit more money each month for a special cable that helps connect to their computer system. They say the extra money will help them keep their technology up-to-date and work better, even though the reasons for the price increase might be a bit hard to explain.

  • Type:Notice
    Citation:89 FR 105645
    Reading Time:about 25 minutes

    The Options Clearing Corporation (OCC) has filed a proposal to increase its clearing fees with the Securities and Exchange Commission (SEC), effective January 1, 2025. This change will increase the per contract clearing fee from $0.02 to $0.025 and eliminate the $55.00 per transaction fee for larger transactions, moving to a single fee structure regardless of transaction size. The OCC aims to address anticipated financial needs due to factors like inflation and lower interest incomes while ensuring equitable and reasonable costs for its services. The fee change aligns with maintaining OCC's financial stability and regulatory compliance.

    Simple Explanation

    The Options Clearing Corporation (OCC) is like a big helper who makes sure that deals in the stock market happen smoothly. They are planning to charge a bit more money when people make deals, starting January 2025, to help them pay their bills and stay strong, even when things get more expensive or they earn less money from banks.

  • Type:Notice
    Citation:89 FR 106644
    Reading Time:about 20 minutes

    The Cboe BYX Exchange, Inc. has proposed a rule change to increase the monthly fee for its 10 gigabit physical port connections from $7,500 to $8,500. This fee adjustment is intended to help the Exchange maintain and improve its technology infrastructure. The Exchange argues that the increased fee is still competitive compared to similar fees charged by other exchanges and that it has not changed this fee since 2018 despite inflation. The proposal is currently open for public comments, with a submission deadline of January 21, 2025.

    Simple Explanation

    The Cboe BYX Exchange wants to raise the cost of a special internet connection from $7,500 to $8,500 a month to help keep things running smoothly. They say this higher price is still good compared to others, but some people are worried it might make things harder and more expensive for smaller companies wanting to join in.

  • Type:Notice
    Citation:89 FR 106663
    Reading Time:about 20 minutes

    The Cboe EDGX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 gigabit (Gb) physical ports from $7,500 to $8,500. This fee is charged to both members and non-members who use these ports to connect to the exchange's data centers. The Exchange argues that the fee increase is necessary to help maintain and improve their market technology and services, and remains competitive compared to fees charged by other exchanges. The proposed change aims to reflect the costs of inflation and investments made in enhancing their systems over the years. The public has been invited to submit comments on this change.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge a bit more money each month for people using special internet lines called "10 Gb physical ports" to make sure all their technology stays strong and up-to-date. They are asking everyone what they think about this change.

  • Type:Notice
    Citation:90 FR 14278
    Reading Time:about 23 minutes

    The Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to raise the monthly fee for 10 Gb physical ports from $7,500 to $8,500. This increase is intended to help maintain and improve market technology and services. The Exchange argues that the price adjustment is in line with competitors and justified by inflation since the last fee change in 2018. The SEC is soliciting comments from the public on this proposed rule change.

    Simple Explanation

    The Cboe EDGX Exchange wants to charge more money each month for using certain high-speed internet connections, going from $7,500 to $8,500, because things have gotten more expensive since 2018 and this will help them keep their technology strong. They want people to tell them what they think about this idea.

  • Type:Notice
    Citation:89 FR 95910
    Reading Time:about 2 minutes

    The Bureau of the Fiscal Service in the Department of the Treasury announced new and increased fees for surety and reinsuring companies. These fees apply to various certifications and renewals, including those for Complementary, Alien, and Admitted Reinsurers. The changes, justified by the costs of analyzing company applications and financials, are set to become effective on January 1, 2025. This fee adjustment is supported by laws allowing the government to charge for specific services that benefit companies.

    Simple Explanation

    The government is going to charge some companies more money starting in 2025 to check their paperwork and make sure they're allowed to keep doing their jobs in the country. This might be tougher for smaller companies, and some people think the costs seem pretty high without enough explanation.

  • Type:Notice
    Citation:89 FR 104597
    Reading Time:about 18 minutes

    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.

  • Type:Notice
    Citation:86 FR 6710
    Reading Time:about 29 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.

    Simple Explanation

    Cboe BZX Exchange wants to charge more for a special stock market information service, costing companies $750 each month to share this data inside their workplace, plus $4 each month for every worker who looks at it. They're keeping the price the same for sharing this information outside the company.