📈NYSE Arca Proposes Rule Change to Connectivity Fee Schedule
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Connectivity Fee Schedule
Summary
The SEC is publishing a notice regarding NYSE Arca's proposed rule change to amend its Connectivity Fee Schedule due to a name change from NYSE Chicago, Inc. to NYSE Texas, Inc. The proposal is set for immediate effectiveness and invites public comments. The change aims to eliminate potential confusion regarding the entity's name in the fee structure.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by NYSE Arca to amend the Connectivity Fee Schedule reflects a name change for a regulated entity, impacting businesses that utilize these connectivity services. This change could lead to necessary updates in contracts or agreements for affected clients. Compliance with the updated fee schedule will be essential for business operations involving securities transactions.