Nasdaq Raises Fees Because Someone Has to Pay for Fancy Cables
Published Date: 1/10/2025
Notice
Summary
Nasdaq BX is raising the fees for certain connection ports used by traders in their options market, specifically for the Specialized Quote Feed (SQF) ports. This change affects market makers who use these ports to send and receive trading info. The new fees kicked in right away on December 20, 2024, so traders should be ready for a slightly higher monthly bill.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Exchange Raises SQF Port Fees
Nasdaq BX raised the fees for its Specialized Quote Feed ("SQF") ports and SQF Purge Ports used by Market Makers to send and receive trading messages. The change was filed on December 20, 2024 and the Exchange designated the amendment to be operative on January 1, 2025, so Market Makers should expect a higher monthly connection bill.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Related Federal Register Documents
2026-12937 — List of Bulk Drug Substances for Which There Is a Clinical Need Under Section 503B of the Federal Food, Drug, and Cosmetic Act; Extension of Comment Period
The FDA is giving folks more time to share their thoughts on whether certain medicines like semaglutide, tirzepatide, and liraglutide should be allowed for special compounding by outsourcing drug makers. This extension means anyone interested has until July 30, 2026, to weigh in. It affects drug makers, healthcare pros, and patients waiting for these meds, with no immediate cost changes but plenty of chances to influence future drug availability.
2026-12918 — Agency Information Collection Activities; Notice and Request for Comment; 49 CFR Part 569, 571.110, 571.120 & 574, Compliance and Labeling of Motor Vehicle Tires and Rims
NHTSA wants to keep collecting info on motor vehicle tires and rims but with some updates. More vehicles and rims mean a slight cost increase and more work for manufacturers and recordkeepers. If you’re involved in making or tracking tires and rims, your input is needed by August 25, 2026!
2026-12972 — Reopening or Extension of Application Deadline Dates; Applications for New Awards
The Department of Education may give extra time or reopen grant application deadlines for people affected by major disasters. This helps those in disaster-hit areas get a fair chance to apply for funding, usually adding up to five extra business days. These changes only affect eligible applicants in the disaster zones and could shift related review deadlines too.
2026-12954 — Harbert Mezzanine Partners II SBIC, L.P.; Surrender of License of Small Business Investment Company
Harbert Mezzanine Partners II SBIC, L.P. has officially given up its license to operate as a Small Business Investment Company. This means they won’t be making new investments under this program anymore. The change is effective immediately, so small businesses looking for funding from them will need to look elsewhere.
2026-12979 — Agency Information Collection Activities: Request for Comments for a New Information Collection
The Federal Highway Administration wants your thoughts on a new form they plan to collect info with. This affects state transportation departments and anyone interested in highway planning. You’ve got until July 27, 2026, to share your ideas, and the goal is to keep paperwork fair and manageable without extra costs.
2026-12916 — Notice of OFAC Sanctions Action
On June 23, 2026, the U.S. Treasury’s OFAC added new people to its blacklist, blocking their property and stopping Americans from doing business with them. They also updated info on someone already on the list. This means certain assets are frozen, and U.S. folks need to watch out for these changes right away.
Previous / Next Documents
Previous: 2025-00293 — Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
NYSE Chicago is setting a new fee for industry members to help cover the 2025 costs of the Consolidated Audit Trail (CAT), a system that tracks stock trades. Starting February 2025, brokers will pay $0.000022 per executed share to support this important market tracking tool. This change affects anyone involved in executing trades on NYSE Chicago and kicks in right away!
Next: 2025-00295 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Exchange's Port Fees in Options 7, Section 6.C
Starting January 1, 2025, Nasdaq GEMX is raising its port fees for options trading. This means traders and firms using these ports will pay more to connect to the exchange. The change is already in effect, so get ready for the new fees if you’re plugged into Nasdaq GEMX!