Arca Joins NYSE in Updating Virtual Circuit Connection Costs
Published Date: 4/28/2025
Notice
Summary
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.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
New Trading-Floor Connectivity Fees
If you are a market participant that uses colocation services, NYSE Arca proposes adding "Trading Floor" connectivity (TF VCC or TF VRF) between the Mahwah data center and NYSE, NYSE American, or NYSE Arca trading floors. Monthly charges in the proposed schedule are: 1 Mb $200; 3 Mb $400; 5 Mb $500; 10 Mb $800; 25 Mb $1,200; 50 Mb $1,800; 100 Mb $2,500. The proposal was filed April 7, 2025 and is open for comment through May 19, 2025.
Billing: Per‑Connection vs Single VRF Charge
The Fee Schedule note says a TF VCC (or multiple VCCs) connecting to several Trading Floors will be charged separately for each connection, but one TF VRF that connects to multiple Trading Floors will be charged as a single connection. The monthly charge depends on the bandwidth size you request.
Service Is Voluntary and Non‑Discriminatory
The proposed Trading Floor connectivity service is voluntary and will be available to all Users on a non‑discriminatory basis; the Fee Schedule would be applied uniformly to all Users. The Exchange says only Users that choose the service would incur the charges.
TF Connections Do Not Allow Order Entry
The proposed Trading Floor connections transport trading‑related data and back‑office communications but will not provide direct access or order entry to the Exchange's execution system. Establishing a TF Connection will not give FIDS or the Exchange any right to use the exchange's execution system.
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Previous / Next Documents
Previous: 2025-07212 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend the Virtual Control Circuit Service in the Connectivity Fee Schedule
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.
Next: 2025-07214 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Virtual Control Circuit Service in the Connectivity Fee Schedule
NYSE National is updating its fees to include virtual control circuit connections to the trading floors of NYSE, NYSE American, and NYSE Arca. This change affects traders and firms using these connections and may impact their connectivity costs. The new fee schedule update was filed on April 7, 2025, and is now open for public comments before it takes effect.