2 Jun 2025
💻NYSE American's Proposed Rule Change on Connectivity Fee Schedule
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing of a Proposed Rule Change To Amend the Connectivity Fee Schedule
Summary
The NYSE American proposes amending its connectivity fee schedule to include hardware procurement and managed services at the Mahwah Data Center. This change aims to simplify the procurement process for users by allowing them to source hardware and IT support services directly through FIDS, minimizing vendor onboarding challenges.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces new hardware procurement and managed services by the NYSE American, affecting various market participants. It streamlines processes for users by allowing them to contract through FIDS, potentially leading to increased service costs and operational efficiencies.