⚖️Nasdaq PHLX Proposes Amendment to Port Fee Pricing Structure
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Port Fee Pricing in Options 7, Section 9, B
Summary
The Nasdaq PHLX is proposing a rule change that exempts Port Fees for pre-production ports acquired in anticipation of a technology migration. This initiative aims to facilitate member testing and participation as the Exchange transitions to a new technology platform planned for November 2025. The amendment seeks to enhance operational efficiency during the migration phase.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change exempts pre-production ports from Port Fees during a technology migration, directly impacting operational costs for Phlx members. This financial incentive could enhance member participation in testing and migration processes, thus aiding in smoother transitions to new technology, which is of high importance for business owners and executives.