NYSE Updates Fees for Virtual Trading Floor Links
Published Date: 4/28/2025
Notice
Summary
NYSE American is updating its connectivity fees to cover virtual control circuit access to the trading floors of NYSE, NYSE American, and NYSE Arca. This change affects traders and firms using these connections and may impact their costs starting soon after approval. The Exchange wants to keep fees fair and clear while supporting smooth trading floor access.
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Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
New Trading-Floor Connectivity Fees
If you are a market participant that chooses to buy a virtual control circuit to a Trading Floor, the Exchange will charge monthly fees based on bandwidth: $200 for 1 Mb, $400 for 3 Mb, $500 for 5 Mb, $800 for 10 Mb, $1,200 for 25 Mb, $1,800 for 50 Mb, and $2,500 for 100 Mb. These TF (Trading Floor) connections are added to the Fee Schedule and will be billed monthly once you request the service.
Service Is Voluntary and Uniform
Buying TF Connectivity is voluntary: only Users who choose the service will be charged, and the Fee Schedule is applied uniformly to all Users. The Exchange says the service is available to all Users on a non-discriminatory basis.
No Direct Order-Entry Access Included
The TF Connection will not provide direct access or order entry to the Exchange's execution system, and Exchange rules and surveillance of Trading Floor activities continue to apply. Establishing a TF Connection does not give FIDS or the Exchange any right to use the exchange's execution system.
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