Nasdaq Quietly Jacks Up Mystery 'Port Fees' Again
Published Date: 1/10/2025
Notice
Summary
Nasdaq is raising fees for special connection ports used by traders in its options market, starting right away. This change mainly affects market makers who use these ports to send and receive trading info. The new fees aim to keep the system running smoothly and will take effect immediately, so users should be ready to pay a bit more soon.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Nasdaq Raises SQF Port Fees
The Nasdaq filed an immediate-effect rule change (filed December 20, 2024) to raise port pricing for the Specialized Quote Feed (SQF) Ports and SQF Purge Ports in The Nasdaq Options Market (NOM). The fee increase is designated to be operative on January 1, 2025 and mainly affects Market Makers that connect via SQF to send and receive quotes and Immediate-or-Cancel orders.
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Previous / Next Documents
Previous: 2025-00301 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
MIAX Emerald is updating its fee schedule to add new pricing categories for its special market data feeds like Top of Market and Complex Top of Market. This change affects anyone who uses these data feeds and takes effect immediately, meaning some users might see new fees soon. The goal? Clearer, fairer pricing for the Exchange’s valuable market info.
Next: 2025-00303 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase the Exchange's Port Fees in Options 7, Section 9
Nasdaq PHLX is raising fees for certain options trading ports called SQF and SQF Purge Ports. This change affects traders and market makers who use these ports to send and receive trading info. The new fees kicked in right after the filing on December 20, 2024, so users should be ready for the higher costs now.