2025-01776NoticeWallet

More Nasdaq Fees for Close-Quarters Computer Coziness in Trading

Published Date: 1/28/2025

Notice

Summary

Nasdaq MRX is rolling out new fees for its expanded co-location services, which let traders place their computers super close to the exchange’s servers for faster trading. This change affects traders and firms using these services and takes effect immediately, meaning they’ll start paying the new fees right away. The SEC is open to feedback but has already given the green light to these updates.

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

New Co-Location Fees Take Effect Immediately

If you or your firm use Nasdaq MRX's co-location services, Nasdaq MRX filed a rule on January 16, 2025 to establish new fees for its expanded co-location services. The Exchange designated the change as immediately effective, so traders and firms using these services will start paying the new fees right away. The SEC is accepting public comments on the filing through February 18, 2025 and may suspend the change within 60 days of filing.

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Key Dates

Effective Date
Published Date
1/16/2025
1/28/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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