1 Aug 2025
📈Proposed Rule on SQF Ports Limits Impacting Market Makers
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to SQF Ports
Summary
The Securities and Exchange Commission has announced the immediate effectiveness of Nasdaq PHLX LLC's proposed rule change to limit the number of Specialized Quote Feed Ports (SQF) a Market Maker can subscribe to per month. This limit aims to enhance efficiency and manage connectivity, impacting the operational strategies of market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change limits the number of SQF Ports a Market Maker can subscribe to, impacting how firms manage their costs and access trading capabilities. This change can affect business strategies and operational efficiency, as firms need to adjust to the new limits on technology utilization.