The Securities and Exchange Commission (SEC) received a proposal from NYSE American LLC to change the name "NYSE Chicago, Inc." to "NYSE Texas, Inc." in their Connectivity Fee Schedule. The SEC has decided to approve this proposed rule change immediately rather than waiting 30 days, as this change mainly involves updating the name to avoid confusion and does not have a significant impact on investors or the market. The SEC invites the public to comment on this change by either submitting comments online or by mail by April 8, 2025.
Simple Explanation
The people who make rules for buying and selling things, like stocks, got a request to change the name of something called "NYSE Chicago" to "NYSE Texas" in their list of fees, and they said "okay" really fast because it was just a name change and didn’t change anything important. They want to know what other people think about this change, so they asked them to send in their thoughts by April 8, 2025.