28 Apr 2025
📈NYSE Proposes Changes to Connectivity Fee Schedule for Trading Floors
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend the Virtual Control Circuit Service in the Connectivity Fee Schedule
Summary
The NYSE proposed a rule change to amend its Virtual Control Circuit service to include new connectivity options for trading floors. This change aims to enhance trading data transmission capabilities while maintaining existing fee structures, ensuring equal access to market participants. The proposal emphasizes non-discriminatory practices and regulatory compliance for seamless service integration.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by the NYSE amends connectivity options for users utilizing colocation services, impacting trading firms and other entities accessing NYSE trading floors. This requires compliance with new connectivity fee structures and provides potential cost implications for businesses involved in data transmission.