The New York Stock Exchange LLC (NYSE) has proposed a rule change to amend its Connectivity Fee Schedule and market data fees to reflect the renaming of NYSE Chicago, Inc. to NYSE Texas, Inc. This proposal was filed with the Securities and Exchange Commission (SEC) on February 27, 2025, and is set for immediate effectiveness, meaning it will become operative immediately to align with the corresponding name change filing. The SEC is inviting public comments on this proposal by April 8, 2025, and the proposed rule change is considered not to have a significant impact on investor protection, public interest, or competition.
Simple Explanation
The New York Stock Exchange is changing the name of one of its parts from "NYSE Chicago" to "NYSE Texas." This change is happening right away, and the Stock Exchange is telling everyone about it while asking for thoughts from the public until April 8, 2025.