PHLX Joins the Co-Location Cash Grab for Speedy Trades
Published Date: 1/28/2025
Notice
Summary
Nasdaq PHLX is rolling out new fees for its expanded co-location services, which let traders place their computers closer to the exchange for faster trades. This change affects traders and firms using these services and takes effect immediately, meaning they’ll need to budget for these new costs right away. The SEC is open to feedback but has already given the green light to these fees.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
New Fees for Co-Location Services
Nasdaq PHLX is establishing new fees for its expanded co-location services that let traders and firms place computers closer to the exchange. If you are a trader or a firm that uses these co-location services, you will face new costs under the Exchange's fee schedule.
Fees Take Effect Immediately, Budget Now
The Exchange designated the proposed fee changes for immediate effectiveness when it filed on January 8, 2025, so traders and firms should budget for these new costs right away. The SEC is soliciting public comments on the filing with submissions requested on or before February 18, 2025.
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