1 Aug 2025
📈Nasdaq BX Proposes Limit on SQF Ports for Market Makers
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to SQF Ports
Summary
The Nasdaq BX proposes a rule change to limit Market Makers to 250 Specialized Quote Feed (SQF) Ports per month, impacting how they connect to the exchange and manage their trading operations. The change is aimed at improving operational efficiency and maintaining a secure trading environment while fulfilling regulatory requirements related to quote submissions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to limit the number of SQF Ports for Market Makers affects subscription costs and regulatory compliance, potentially impacting operations and financial management for affected businesses. The proposed limit could alter the cost structure for Market Makers and influence competitive dynamics in the trading environment.