New York Stock Exchange Refines Virtual Network Fee Calculations
Published Date: 2/10/2026
Notice
Summary
The New York Stock Exchange (NYSE) is updating its fees for certain virtual network services that connect data centers and trading floors. This change mainly affects firms using these connections, adjusting how fees are calculated to keep things fair and clear. The new fee rules took effect right after filing on January 28, 2026, so users should check their bills soon!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 1 costs, 1 mixed.
Dual resilient TF VCCs billed as one
If your firm has two virtual control circuits (VCCs) between the Mahwah data center (MDC) and the same Trading Floor that use different Trading Floor networks so that only one VCC can be active at a time, the Exchange will charge for those two "Resilient TF VCCs" as if they were one TF VCC.
Same‑network dual VCCs still billed twice
If your firm has two TF VCCs that connect to the same Trading Floor network (so both can be active at the same time), the Exchange will charge separately for each TF VCC and you will be billed for two VCCs.
Change effective immediately — check bills
The Exchange's amended fee-note took effect upon filing on January 28, 2026, so firms using MDC-to-Trading Floor connectivity should review upcoming bills for changes and note the Commission may suspend the change within 60 days of filing.
No limit on resilient VCC quantity
A User may obtain multiple Resilient TF VCCs (for example, two resilient VCCs to each Trading Floor) and there is no stated limit on the number of Resilient TF VCCs a User may obtain; each qualifying pair would be charged as described in the Fee Schedule note.
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!
2026-13648 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Except Accounts Pursuant to Section 530A of the Internal Revenue Code From the Requirements of FINRA Rule 3210 (Accounts At Other Broker-Dealers and Financial Institutions)
FINRA is updating its rules to exclude certain accounts protected under a new tax law (Section 530A) from extra paperwork and approval steps. This change helps financial pros handle these special accounts more easily, starting right away with no extra costs. If you work with broker-dealers or financial institutions, this means smoother account management from now on!
2026-13713 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Partial Amendment No. 1 to Proposed Rule Change To Amend FINRA Rule 2210 (Communications With the Public)
FINRA wants to update its rules to let financial firms share predictions about investment returns when talking to the public, but only if they follow certain safety steps. This change affects anyone in the finance world who communicates about investments and aims to make info clearer and more honest. The SEC is reviewing these updates, with decisions and possible money impacts expected soon.
Previous / Next Documents
Previous: 2026-02582 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the NYSE National Schedule of Fees and Rebates
NYSE National is updating its fee and rebate schedule to match new SEC rules that just came out. This change affects traders using the exchange by adjusting some fees and rebates starting right away, so everyone knows the new costs and benefits. The update keeps things fair and clear, with no surprise delays or hidden fees.
Next: 2026-02584 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Connectivity Fee Schedule
NYSE American is updating its fees for certain data connections that traders use to connect to its trading floors and data centers. This change tweaks the fee notes for virtual routing and control services, affecting anyone who pays for these connections. The new fee rules take effect right away, so users should check how this might impact their costs.