📈LTSE Proposed Rule Change
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Adopt Certain Connectivity Fees
Summary
The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change by the Long-Term Stock Exchange (LTSE) to amend its fee schedule by introducing connectivity fees for market participants. These fees cover connections to Primary, Disaster Recovery, and Test Environment facilities, reflecting the costs associated with providing connectivity services essential for trading operations.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces connectivity fees, which are crucial for financial planning for businesses interacting with the Long-Term Stock Exchange (LTSE). The costs outlined—such as $5,500 monthly for primary connections and $450 for logical connectivity sessions—impact budgets and operational expenses, particularly for smaller firms.