Texas NYSE Eyes Fee Hikes for Virtual Ties to Major Floors
Published Date: 4/28/2025
Notice
Summary
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!
Analyzed Economic Effects
4 provisions identified: 1 benefits, 2 costs, 1 mixed.
Monthly Prices for TF Connectivity
The proposed Fee Schedule lists monthly charges for Virtual Routing and Forwarding or Virtual Control Circuit connections to a Trading Floor as: 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. When a User requests a TF Connection, the monthly charge will be based on the bandwidth size the User identifies.
Trading-Floor Connections Added to VCC
The Exchange proposes to add connectivity between the Mahwah data center (MDC) and the New York Stock Exchange, NYSE American, and NYSE Arca trading floors to its Virtual Control Circuit (VCC) service. This option would be available to Users that request colocation services and would let them run connections between the MDC and equipment physically located on a Trading Floor.
VRF vs VCC Charging Rule
The Fee Schedule note states: if a User chooses VCCs or a combination of a VCC and a VRF to connect to several Trading Floors, the User will be charged separately for each connection; if the User chooses one VRF for connectivity to multiple Trading Floors, the User will be charged for one connection. This changes how costs are applied when connecting to multiple trading floors.
TF Connections Do Not Allow Order Entry
The filing states that a TF Connection will not provide direct access or order entry to the Exchange's execution system and will not be through the Exchange's execution system. Establishing a TF Connection does not grant FIDS or the Exchange any right to use the relevant exchange's system.
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
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
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!
2026-12524 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Rule 11.9(d) To Permit an Intermarket Sweep Order (“ISO”) To Be Entered as a Non-Displayed Order and To Establish the Price Level at Which the System Will Consider an ISO Available for Other Orders To Be Entered
Cboe BZX Exchange is updating its rules to let a special type of order called an Intermarket Sweep Order (ISO) be hidden from view when entered. They’re also setting clear price rules for when these orders can be matched with others, and allowing hidden orders to adjust prices more aggressively. This change affects traders using the BZX Exchange and aims to make trading faster and smarter, with the new rules kicking in soon after approval.
2026-12607 — The RBB Fund Trust and Seven Post Investment Office LP
The RBB Fund Trust and Seven Post Investment Office LP want permission to change their subadvisory agreements without asking shareholders first and to keep some fee details private. This could speed up how they manage investments and handle fees. If no one objects by July 13, 2026, the SEC will approve these changes.
Previous / Next Documents
Previous: 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.
Next: 2025-07216 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change for Conforming Rules 7.37E and 7.45E
NYSE American is updating its rules to swap out the old name “NYSE Chicago” for the new name “NYSE Texas” after a company move. This change affects traders and brokers using Rules 7.37E and 7.45E but won’t cost anyone extra or cause delays. The update is effective immediately, keeping everything smooth and clear!