19 May 2025
📈Nasdaq GEMX Proposes FPGA Technology for Market Data Feeds
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Offer FPGA Technology as an Optional Delivery Mechanism for the Nasdaq GEMX Depth of Market Data Feed
Summary
The SEC publishes a notice regarding Nasdaq GEMX's proposed rule change to offer FPGA technology as an optional delivery mechanism for its Depth of Market Data Feed. This initiative is aimed at improving data transmission predictability and reducing jitter, catering to the evolving demands of market participants. Submissions for comments are invited in response to this proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice outlines Nasdaq GEMX's proposal to offer FPGA technology for market data feeds, which responds directly to customer demand. This could impact firms needing reliable data transmission methods, influencing operational efficiency and costs associated with data services.