NYSE National Proposes Fees for Cross-Exchange Virtual Connections
Published Date: 4/28/2025
Notice
Summary
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.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
New Trading-Floor Connectivity Fees
The Exchange added virtual control circuit (VCC) and virtual routing and forwarding (VRF) connections between the Mahwah data center and NYSE, NYSE American, and NYSE Arca trading floors, with monthly charges 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. The change was filed April 7, 2025, and the new TF Connectivity service will be available for Users to purchase on a voluntary basis under the Fee Schedule.
Adds Choice; Competes With Telecoms
The filing adds TF Connectivity as an option that competes with 16 third‑party telecommunications providers that already sell circuits into the Mahwah meet‑me‑rooms, and the Exchange says the service will be offered on a voluntary, non‑discriminatory basis to all Users. The Exchange states this provides an additional choice for connecting to Trading Floors and that the Fee Schedule would apply uniformly.
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Previous / Next Documents
Previous: 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.
Next: 2025-07215, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing of a Proposed Rule Change To Amend the Virtual Control Circuit Service in the Connectivity Fee Schedule
NYSE Texas is updating its fees to include virtual connections to the trading floors of NYSE, NYSE American, and NYSE Arca. This change affects traders and firms using these services and may impact their connectivity costs starting soon. The Exchange wants feedback before making it official, so keep an eye out if you’re plugged into these trading floors!