Nasdaq PHLX LLC Amendments to Connectivity Fees
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The law proposes an increase in fees for Nasdaq PHLX LLC's Testing Facility connectivity services by 10%. This rise affects subscribers who must now pay $1,100 monthly and a one-time installation fee of $1,100. The fee update aims to enhance market technology and services to meet increasing customer demands for sophisticated, higher-throughput, and lower-latency solutions.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- 10% increase in connectivity fees
- New monthly fee of $1,100
- New installation fee of $1,100
Obligations
What this law requires
Subscribers to the Testing Facility in Carteret, New Jersey must pay an increased monthly connection fee of $1,100 per hand-off, effective immediately.
Subscribers to the Testing Facility must pay an increased monthly fee of $1,100 per hand-off for connection to the Testing Facility.
Subscribers must also 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 the Testing Facility services.
The Exchange must ensure that the proposed fee increases are equitably allocated and not unfairly discriminatory across all market participants.