1 Apr 2025
💰LTSE Proposes New Connectivity Fees for Market Participants
Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule To Adopt Certain Connectivity Fees
Summary
The Long-Term Stock Exchange (LTSE) has filed a proposed rule change to implement new connectivity fees, impacting both its members and non-members. These fees relate to physical and logical connectivity necessary for participants to interface with the Exchange's new trading system. The rule aims to recover costs associated with providing these connectivity services.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document discusses a proposed rule change by the Long-Term Stock Exchange to institute new connectivity fees, affecting both members and non-members. This impacts business financial planning as firms will incur additional operational costs related to their connectivity to the Exchange.