28 Apr 2025
📈NYSE Arca Proposes Rule Change on Virtual Connectivity Services
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Virtual Control Circuit Service in the Connectivity Fee Schedule
Summary
The NYSE Arca has filed a proposed rule change to amend its connectivity fee schedule, introducing Virtual Control Circuit services that connect to trading floors. This proposal aims to enhance competition among circuit providers and offer users expanded options for trading data transmission, with an equal application to all market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document details a proposed rule change for the NYSE Arca to amend connectivity services and fee schedules that directly affect market participants requesting colocation services. This establishes compliance requirements and potential fees for businesses utilizing these services.