Stock Exchange Hikes Connection Fees – Tech Users Pay More
Published Date: 4/1/2025
Notice
Summary
The Long-Term Stock Exchange (LTSE) just updated its fee schedule to add new charges for connecting to their systems, including primary, backup, and test sites. These connectivity fees started on March 14, 2025, and will affect anyone using LTSE’s network connections. If you trade or work with LTSE, expect some new costs for hooking up your tech!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
New Physical Cross‑Connect Charges
If you connect physically to LTSE, the Exchange now charges $5,500 per 10Gb physical interface per month for connections to the Primary facility and $2,750 per 10Gb physical interface per month for connections to the Disaster Recovery or Test Environment. These fees apply to both Members and non-Members and took effect on March 14, 2025.
Logical Port (Session) Fees and Waiver
LTSE now charges $450 per logical connectivity session (port) per month to Members and non-Members, with the Exchange waiving fees for the first three sessions per month per market participant. The fee structure became effective March 14, 2025 and applies across Primary, Disaster Recovery, and Test environments.
Monthly Assessment Rules for Connectivity Fees
Connectivity fees are assessed in any month the Member or non-Member is credentialed to use any LTSE APIs in the Primary, Disaster Recovery, or Test Environment, and fees are determined based on active connectivity products at the close of business on the first day of each month. If a product is canceled before that assessment point, the participant will not owe the fee.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11657 — Franklin Resources, Inc.
Franklin Resources, Inc. is asking the SEC for special permission to create investment groups just for its employees, letting them skip some usual rules. This change mainly affects Franklin’s workers and could make it easier and faster to manage these employee investment partnerships. If no one objects by July 6, 2026, the SEC will approve this exemption, which might save time and money for Franklin and its employees.
2026-11682 — Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Rule 13.003 Related to Proxy Voting
The Texas Stock Exchange is changing its rules to make sure members vote uninstructed shares fairly by matching how other shareholders vote. This affects anyone holding TXSE-listed stocks and aims to make proxy voting more transparent and balanced. The new rule kicks in soon and could impact how shareholder meetings run, but it doesn’t involve extra costs.
2026-11683 — Self-Regulatory Organizations; Nasdaq Phlx, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Permit Non-Conforming Ratios
Nasdaq Phlx is shaking things up by letting Complex Orders trade with both regular and unusual ratios on their trading platform and auctions. This change affects traders using the Complex Order Book and aims to boost flexibility and trading options starting immediately. No extra fees or delays—just more ways to trade smarter and faster!
Previous / Next Documents
Previous: 2025-05518 — LAGO Evergreen Credit, et al.
LAGO Evergreen Credit and its related funds asked the SEC for permission to team up and invest together in the same companies, which usually isn’t allowed. This change lets these investment groups pool their money to chase bigger opportunities starting soon, with no extra costs for the public. If anyone wants a hearing about this, they must ask by April 21, 2025.
Next: 2025-05525 — Notice of Intent To Rule on a Land Release Request for Disposal of Airport Property at Dinwiddie County Airport, Petersburg, VA
The FAA is thinking about approving a request to sell 44.24 acres of land at Dinwiddie County Airport in Petersburg, VA. This change affects the airport and local community, but the land will still be used in a way that works well with the airport. People can share their thoughts before the FAA makes a final decision.