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.