Nasdaq Texas Rule Change on Connectivity Fees
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice details a rule change by Nasdaq Texas to increase fees for its Testing Facility in New Jersey by 10%. The change affects businesses using this facility for connectivity services, requiring them to pay higher monthly connection fees and installation fees. This adjustment is said to help Nasdaq Texas enhance its technology and remain competitive.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Increased fees for Testing Facility connectivity by 10%
- New monthly connection fee of $1,100
- One-time installation fee raised to $1,100
Obligations
What this law requires
Subscribers using the Testing Facility in New Jersey must pay a monthly connectivity fee of $1,100 per hand-off starting from the date the fee increase takes effect.
Subscribers to the Testing Facility must pay a fee of $1,100 per hand-off, per month for connection to the Testing Facility, effective upon the rule change.
Subscribers to the Testing Facility must pay a one-time installation fee of $1,100 per hand-off.
Subscribers must also pay a one-time installation fee of $1,100 per hand-off for connecting to the Testing Facility.
The Exchange must provide clear communication and documentation regarding the fee adjustments to all affected subscribers and participants.