NYSE Texas Modifies Fees for External Data Feed Access
Published Date: 7/14/2025
Notice
Summary
NYSE Texas is updating its fee schedule for connecting to outside systems and data feeds. This means traders and firms using these connections might see changes in what they pay and who can charge extra fees. The new rules take effect right away, so users should check the updated fees to stay in the know and avoid surprises.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 2 costs, 1 mixed.
New Data Feeds With Monthly Fees
NYSE Texas added these Third Party Data Feeds and set these monthly connectivity fees: Blue Ocean ATS (BOATS) $750/month; Cboe CFE Futures $1,500/month; Long Term Stock Exchange $2,600/month; MEMX Equities $2,000/month; MEMX Options $2,000/month; Small Exchange $1,000/month. The change was filed June 27, 2025 and became effective upon filing.
Multiple Data Feed Fee Changes
NYSE Texas changed the monthly recurring connectivity fees for a number of existing Third Party Data Feeds. Examples include B3 Bovespa now $900/month (was $3,000), Boston Options Exchange (BOX) now $300/month (was $1,000), Cboe Canada now $2,000/month (was $1,200), Nasdaq Stock Market (combined with Nasdaq ISE) now $3,000/month, and TMX Group (combined with Montreal Exchange) now $2,500/month. The filing date was June 27, 2025 and the change became effective upon filing.
Connectivity Partners May Pass Through Fees
The Exchange added the phrase "and their partners" to its redistribution-fee language so that connectivity partners may charge redistribution fees and the Exchange will pass those charges through to Users on the invoice. This edit is part of the filing made on June 27, 2025 and became effective upon filing.
New Third-Party Systems Added
If you use NYSE Texas colocation at the Mahwah data center, the Exchange added these Third Party Systems you can connect to: Blue Ocean ATS (BOATS), Canadian Imperial Bank of Commerce (CIBC), Long Term Stock Exchange (LTSE), MEMX, Pragma, and Small Exchange. This change was filed on June 27, 2025 and became effective upon filing.
No Fee Increase from System Combination
When Cboe MATCHNow is combined into Cboe Canada, the Exchange says no User would be charged more as a consequence and Users will not be forced to pay for systems or bandwidth they do not choose. This representation is in the filing dated June 27, 2025 and was effective upon filing.
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Previous: 2025-13069 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Connectivity Fee Schedule Related to Connectivity to Third Party Systems and Third Party Data Feeds
NYSE National is updating its fees and rules for connecting to outside systems and data feeds. This change affects anyone using their services to access third-party data, adjusting who can charge fees and how much they pay. The new fee schedule kicks in right away, so users should check the updated costs and rules now.
Next: 2025-13071 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted Costs of the National Market System Plan Governing the Consolidated Audit Trail for the Period From July 1, 2025 Through December 31, 2025
Starting July 1, 2025, NYSE National is setting a new fee for industry members to help cover the costs of the Consolidated Audit Trail (CAT) system. This fee is tiny—just $0.000009 per share traded—and will last through the end of the year. Brokers will get their first bill in August based on July trades, helping split the CAT costs fairly for the next six months.