Nasdaq BX, Inc. has proposed a rule change to adjust fees related to options market data products, such as BX Top and BX Depth, according to the rate of inflation. This change was filed with the Securities and Exchange Commission and is intended to take effect immediately, with the operational date set for January 1, 2025. The proposal aims to adjust various distribution and subscriber fees to account for inflation since they were last updated. The Securities and Exchange Commission is inviting public comments on this proposal, with comments due by February 3, 2025.
Simple Explanation
Imagine that Nasdaq BX, like a shop, wants to keep up with rising prices so they are planning to slightly raise the fees for the special market data they sell, just like how things become a bit more expensive every year. They're telling everyone about it and asking if they have any thoughts or questions by February 3, 2025.