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.
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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!