1 Aug 2025
📊Nasdaq GEMX Proposes Rule Change on SQF Ports Subscription Limit
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to SQF Ports
Summary
Nasdaq GEMX aims to enhance trading efficiency and manage connectivity with a proposed rule limiting Market Makers to 250 Specialized Quote Feed Ports per month. This change is designed to promote better regulatory compliance and operational efficiencies while securing investor interests within the trading environment, set to be effective from August 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq GEMX limits the number of Specialized Quote Feed (SQF) Ports a Market Maker can subscribe to, impacting operational capacities and costs. With a cap set at 250 ports per month, businesses must adjust their subscription strategies, which can influence their quoting obligations and trading efficiencies.