Search Results for keywords:"Nasdaq GEMX"

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Search Results: keywords:"Nasdaq GEMX"

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  • 2024-29623 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a New Approach to the Options Regulatory Fee (ORF) in 2025
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    Type:Notice
    Citation:89 FR 102223
    Reading Time:about 37 minutes

    Nasdaq GEMX, LLC has proposed changes to its Options Regulatory Fee (ORF) structure starting January 1, 2025. These changes will involve different fees for trades conducted on GEMX and those executed on non-GEMX exchanges. The new structure aims to better distribute regulatory costs among different market participants, ensuring that the collected fees do not surpass 88% of the total regulatory costs. This proposal temporarily changes how fees are assessed and will revert to previous rates on July 1, 2025, unless further action is taken.

    Simple Explanation

    Nasdaq GEMX wants to change how it charges fees when people trade options, trying to make sure they don’t charge too much overall. But, some people are worried that these changes might not be fair for everyone, and the way these rules are explained can be really hard to understand.

  • 2024-28541 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Its Expanded Co-Location Services
    💰
    Type:Notice
    Citation:89 FR 97148
    Reading Time:about 16 minutes

    Nasdaq GEMX, LLC has filed a proposal with the U.S. Securities and Exchange Commission to introduce new fees for its expanded co-location services. These services allow clients to place their computers and hardware within Nasdaq's data center to access trading data more efficiently. The proposal includes fees for a new type of computer cabinet called the Ultra High Density Cabinet and installation fees for both cabinets and power distribution units in a newly expanded section of their data center. This proposal aims to improve service and accommodate growing demand while ensuring that fees remain fair and consistent with market standards.

    Simple Explanation

    Nasdaq GEMX is asking to charge new fees for special computer spots at their trading center where people can set up faster computers. These fees might make it easier for rich companies to get faster trading, and not everybody likes that.