NYSE Tweaks Fees for Virtual Links to Trading Floors Nationwide
Published Date: 4/28/2025
Notice
Summary
The New York Stock Exchange (NYSE) wants to update its fees for a service called the Virtual Control Circuit (VCC) to cover connections to its main trading floors, including NYSE American and NYSE Arca. This change affects traders and firms using these connections and could impact their costs. The update was proposed in April 2025 and is open for public comments before it takes effect.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Monthly Bandwidth Fees for TF Connections
If you (as a User) purchase Trading-Floor connectivity, monthly charges are set by bandwidth: 1 Mb $200, 3 Mb $400, 5 Mb $500, 10 Mb $800, 25 Mb $1,200, 50 Mb $1,800, and 100 Mb $2,500. A TF VCC (single trading floor) and a TF VRF (one or more trading floors) have identical fee schedules, but a User choosing multiple VCCs or a mix of VCC and VRF will be charged separately for each connection while a single VRF to multiple trading floors is charged once.
New Trading-Floor Connectivity Option
The NYSE proposes to expand its Virtual Control Circuit (VCC) service to include connections between the Mahwah data center (MDC) and the NYSE, NYSE American, and NYSE Arca trading floors. The service is voluntary, offered to all "Users" equally, and may be used to send trading-related data or back-office communications between the MDC and equipment physically located on a trading floor.
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Previous / Next Documents
Previous: 2025-07211 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing of a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend the Connectivity Fee Schedule
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.
Next: 2025-07213 — 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
NYSE Arca is updating its connectivity fees to include access to the trading floors of NYSE, NYSE American, and NYSE Arca itself. This change affects traders and firms who use these virtual control circuits to connect, possibly changing their costs. The new fee schedule is proposed now and open for comments before it takes effect.