4 Sep 2025
💰Nasdaq Imposes New Fee for WorkX PRO Monitor Effective September 2025
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule Equity 7, Section 115(e)
Summary
The SEC has announced a proposed amendment to Nasdaq's exchange fees, specifically introducing a monthly fee for the WorkX PRO Monitor Full Version aimed at enhancing trade reporting efficiency. The new service will improve the price override request process for market participants, allowing for real-time tracking and submissions of trade reports, streamlining compliance with FINRA regulations.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a new fee structure for the WorkX PRO Monitor Full Version, impacting the operational costs for businesses using Nasdaq services. This fee of $400 per month will be significant for firms handling trade reports, necessitating budget adjustments for compliance and reporting efficiency.