1 Aug 2025
📈Nasdaq MRX Proposes Rule Change on SQF Ports for Market Makers
Self-Regulatory Organizations; Nasdaq MRX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to SQF Ports
Summary
Nasdaq MRX proposes a rule change to limit the number of Specialized Quote Feed (SQF) Ports a Market Maker can subscribe to in a month, aiming for greater efficiency in connectivity management. The cap is set at 250 ports, impacting how Market Makers operate while fulfilling regulatory obligations. The changes are intended to secure trading environments and promote market growth.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to limit the number of SQF Ports a Market Maker may subscribe to could impact operational costs and business strategies of firms in securities trading. A cap of 250 ports per month is significant for pricing strategies and connectivity management.