Search Results for keywords:"tiered fee structure"

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Search Results: keywords:"tiered fee structure"

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  • 2024-29043 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Dedicated Cores
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    Type:Notice
    Citation:89 FR 99930
    Reading Time:about 22 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Cboe BZX Exchange, Inc. This change involves amendments to the fee schedule for the use of "Dedicated Cores," a service that enhances trading speed and performance by allocating dedicated CPU processing power to users. Users who opt for this service can use up to two Dedicated Cores free of charge, while additional cores incur a scalable fee based on usage. This service is optional and aims to provide firms, especially those sensitive to latency, a more efficient trading experience.

    Simple Explanation

    The Cboe BZX Exchange wants to change their price list to give people the option to use special computer power to trade faster. You can get a couple of these special power boosts for free, but if you want more, it will cost extra.

  • 2024-29041 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Dedicated Cores
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    Type:Notice
    Citation:89 FR 99940
    Reading Time:about 22 minutes

    Cboe EDGA Exchange, Inc. has made a proposal to update its Fees Schedule by introducing charges for the use of "Dedicated Cores," which offer improved performance over shared resources. The proposal offers two Dedicated Cores at no cost, while additional cores are subject to fees based on a tiered system with rising costs for more cores used. This change is optional, allowing users to determine if the benefits of dedicated resources outweigh the costs. The proposal aims to manage limited resources fairly and ensure equitable pricing among users who choose to utilize Dedicated Cores.

    Simple Explanation

    The Cboe EDGA Exchange wants to change how they charge people for using special computer parts called "Dedicated Cores" that help things run faster, like when a game doesn't lag because it's running smoothly. These special parts can cost more money if you need a lot of them, and some people think it's not fair because it might cost small companies more without giving them really big benefits.