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.
Simple Explanation
Nasdaq PHLX, which helps people trade options (a type of financial bet), wants to ask more money from certain companies that give out this trading information, but the cost to small and normal users stays the same. The people in charge will check if this change is fair and want to hear what everyone thinks about it.