NYSE Arca Tweaks Fees for Digital Market Data Access
Published Date: 4/2/2026
Notice
Summary
NYSE Arca is updating its market data fees to add a new Digital Media Enterprise Fee for BBO (best bid and offer) data and extend this fee to current BBO and Trades Enterprise Fee subscribers. This means companies using NYSE Arca’s proprietary market data might see changes in their billing starting immediately. If you rely on this data, keep an eye on your fees and plan accordingly!
Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
New $20,000/month BBO Digital Media Fee
NYSE Arca proposes a new NYSE Arca BBO Digital Media Enterprise Fee of $20,000 per month. That subscription gives real-time best-bid-and-offer (BBO) data for redistribution via television, websites, and mobile devices for informational, non-trading purposes to an unlimited number of users.
Combined BBO Enterprise + Digital Media: Pay $20K
A subscriber that pays the NYSE Arca BBO Digital Media Enterprise Fee can also license enterprise use of NYSE Arca BBO at no additional cost, so a combined package costs $20,000 per month instead of $42,000 per month. That reduces combined fees by $22,000 per month for firms that want both enterprise and digital-media redistribution.
Combined Trades Enterprise + Digital Media: Pay $20K
The Exchange proposes that a subscriber paying the NYSE Arca Trades Digital Media Enterprise Fee can license enterprise use of NYSE Arca Trades at no extra cost, so a combined Trades enterprise and digital-media package costs $20,000 per month instead of $42,000 per month.
Distribution Limited to Non‑Trading Uses
Data distributed under the Digital Media Enterprise license may be shown via TV, websites, and mobile devices for informational use only; vendors are not permitted to provide the feed in a context where a trading or order‑routing decision can be implemented.
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Key Dates
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