Search Results for keywords:"fee increase"

Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

Cboe EDGX Exchange, Inc. has announced a proposed rule change to increase the monthly fee for 10 Gb physical port connections from $7,500 to $8,500. The increase is intended to keep the fees in line with inflation and the costs the exchange incurs to maintain and improve its technology and services. This fee applies uniformly to all market participants who use these high-capacity connections, and it remains lower than similar fees charged by other exchanges. The change is justified by enhancements made to the exchange's services, which have benefited users by improving the capacity and speed of data processing.

The Securities and Exchange Commission has announced that NYSE Arca, Inc. filed a proposed rule change to modify its options fee schedule. This change increases the fee for manual executions by NYSE Arca Market Makers from $0.35 to $0.50 per contract. The adjustment aims to align NYSE Arca’s fees with those of at least one competing exchange. The market is highly competitive, with no single exchange gaining considerable pricing power, so this change is not expected to impose any undue competitive burden.

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 Securities and Exchange Commission published a notice about a proposed rule change by the Cboe EDGA Exchange to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. The exchange believes the increase is reasonable due to inflation since 2018, investments made to enhance technology, and because the new fee is still competitive compared to other exchanges. The proposed rule change is aimed at maintaining and improving the exchange's services and infrastructure. Feedback from the public is invited, and all comments will be reviewed by the Commission.

The Cboe C2 Exchange, Inc. has submitted a proposal to increase fees for 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change is intended to help maintain and improve the Exchange's technology and services. The Exchange argues that the increase is justified due to inflation and significant investments made to enhance service quality. The new fee structure will apply uniformly to all users and allows them to access multiple affiliated exchanges without additional costs.

Nasdaq PHLX LLC has proposed changes to its fees for data products related to options trading. The changes would increase monthly fees for Internal and External Distributors for the Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders, while keeping the fees for Non-Professional and Professional Subscribers the same. The proposal highlights that these changes will align Nasdaq PHLX's fees with those of other exchanges, and aims to provide a fair allocation of costs among users. The Securities and Exchange Commission is reviewing the proposed changes and seeking public comment before making a final decision.

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.

Cboe EDGA Exchange, Inc. proposed a rule change to increase the monthly fee for a 10-gigabit physical port from $7,500 to $8,500. This change is intended to help maintain and improve the exchange's market technology, and it aligns with fees charged by other exchanges. The exchange also highlighted its significant investments in upgrading its systems and accommodating new data centers as a reason for the fee increase, which they believe is reasonable given the inflation and enhancements in service quality. The Securities and Exchange Commission is seeking public comments on this proposal.

Cboe BZX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. These ports are used by members and non-members to connect to the exchange. The increase is intended to help maintain and improve market technology and services, as well as keep fees in line with or lower than similar charges by other exchanges. The notice invites public comments and explains the rationale behind the fee change, such as inflation impacts and investments in technology improvements.