4 Aug 2025
💼Nasdaq PHLX Port Fee Changes and Technology Migration Overview
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Options 7, Section 9, B, Port Fees
Summary
The Nasdaq PHLX has filed a notice of proposed rule changes to amend port fees as part of a technology migration set to begin in November 2025. This includes the introduction of new ports and a transition period where members may opt to utilize legacy systems while adopting new ones, ultimately impacting operational connectivity and associated costs.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed regulatory changes by Nasdaq PHLX involve adjustments to port fees during a technology migration, impacting operational costs for member organizations. The transition requires acquiring new ports and may lead to future fee assessments, presenting financial implications for businesses that need to ensure compliance and budget accordingly.