📊Nasdaq Proposes Changes to SQF Port Fees for Market Makers
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to SQF Port Fees
Summary
The Securities and Exchange Commission has issued a notice regarding Nasdaq's proposed rule change to limit the number of Specialized Quote Feed (SQF) Ports Market Makers can subscribe to, from an unlimited allocation to a maximum of 250 ports per month. This regulation aims to enhance market efficiency and secure a stable trading environment while ensuring compliance among Market Makers.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a limit on the number of Specialized Quote Feed (SQF) Ports that Market Makers can subscribe to, impacting their operational costs and regulatory compliance. This may necessitate adjustments in business practices for firms engaging with the Nasdaq Options Market, directly affecting financial management and strategic planning.