Long-Term Exchange Links Up New Connection Costs
Published Date: 7/18/2025
Notice
Summary
The Long-Term Stock Exchange (LTSE) is updating its fee schedule to start charging for special connections at its main, backup, and test sites. These new connectivity fees kicked in on July 3, 2025, and will affect anyone using LTSE’s network connections. If you connect to LTSE’s systems, expect some new costs to keep things running smoothly and securely.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Primary Facility Cross-Connect Fee
If your firm connects directly to LTSE's Primary facility with a 10 Gigabit ultra-low latency fiber cross-connection, LTSE charges $5,500 per 10Gb physical interface per month starting July 3, 2025. Fees are assessed for any month a firm is credentialed to use LTSE APIs in the Primary facility and are calculated based on active connectivity products at the close of business on the first day of each month.
Disaster Recovery & Test Cross-Connect Fee
If your firm connects directly to LTSE's Disaster Recovery or Test Environment with a 10 Gigabit ultra-low latency fiber cross-connection, LTSE charges $2,750 per 10Gb physical interface per month starting July 3, 2025. LTSE states this lower rate is intended to encourage firms to establish and maintain DR and Test connections; fees are assessed based on active connectivity products at the close of business on the first day of each month.
Logical Connectivity (Port) Session Fee
LTSE charges $450 per logical connectivity session (port) per month starting July 3, 2025, for order entry, trade reports, market data, gap backfills, and similar application sessions. LTSE will waive fees for the first three sessions per month per market participant; fees are assessed for any month a participant is credentialed to use LTSE APIs and are based on active sessions at the close of business on the first day of each month.
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