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.