💰Proposed Amendments to GEMX SQF Port Fees Impacting Market Makers
Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 6
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq GEMX's proposed amendments to the pricing structure of its Specialized Quote Feed (SQF) Ports. These changes include new fee schedules for Market Makers, aiming to enhance trading capabilities while aligning with industry standards. The proposal emphasizes equity and non-discrimination among Market Makers using the platform.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice outlines changes to the pricing structure for SQF Ports and SQF Purge Ports that will impact Market Makers on the GEMX exchange. The amendments in fees, effective from January 1, 2026, mean that businesses relying on these ports for trading will face higher costs based on the number of ports used, which is essential for compliance and operational budgeting.