Nasdaq PHLX Transaction Fee Rule Change Effective Immediately
The exchange's amendment to Equity 7, Section 3 fees takes effect upon filing, binding all market participants.
The Securities and Exchange Commission has received a filing from Nasdaq PHLX LLC that proposes an amendment to the transaction fees applicable to Equity 7, Section 3. The filing, identified as a self-regulatory organization notice, states that the rule change is effective immediately upon filing.
The immediate effectiveness provision means that the revised fee schedule applies to all trades executed on the Nasdaq PHLX platform under the Equity 7, Section 3 classification from the moment the filing is accepted. The notice does not provide additional detail on the specific fee amounts or the schedule of changes.
Market participants should review the filing to determine the impact on their trading costs. The SEC's filing system will retain the notice for public reference, and any further amendments or comments will be processed in accordance with the Commission's standard procedures.
Further reading