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.
Simple Explanation
The Cboe BYX Exchange wants to charge more for a special kind of computer connection called "10 Gb ports" to help them keep their tech up-to-date, and they want people to say what they think about this change.