Search Results for citation:"90 FR 342"

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Search Results: citation:"90 FR 342"

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  • 2024-31501 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing of Proposed Change To Amend the Connectivity Fee Schedule
    Type:Notice
    Citation:90 FR 342
    Reading Time:about 19 minutes

    NYSE National, Inc. is proposing changes to its fee schedule to include new connectivity options for Users between the data center in Mahwah, New Jersey, and various trading floors like the New York Stock Exchange and NYSE American. These changes introduce "TF Connections," which allow Users to connect for trading-related activities over dedicated bandwidth, with varying monthly fees based on bandwidth size. The proposal aims to provide more options without providing any unfair advantage and ensures that all market participants have equal access to these connectivity services. The Securities and Exchange Commission invites public comments on this proposal before making any decisions.

    Simple Explanation

    NYSE National wants to change how people connect and trade with them, by offering new and faster ways to connect for a fee, and they promise to make it fair for everyone. The people in charge are asking for opinions before they decide if these changes should happen.

  • 2024-31506 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 21.15(b) (Exchange Data Products) To Adopt Cboe Timestamping Service, which is a Market Data Service Comprised of Two Distinct Market Data Reports
    Type:Notice
    Citation:90 FR 342
    Reading Time:about 3 minutes

    The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC). The proposal aims to update Rule 21.15(b) by introducing the Cboe Timestamping Service. This service offers two market data reports that provide detailed timestamp information for orders and cancellations within the exchange: the Missed Liquidity Report and Cancels Report. The reports are optional and will be available to all members of the exchange, who will pay fees based on their selections. The SEC is inviting public comments on this proposal until January 24, 2025.

    Simple Explanation

    The Cboe BZX Exchange wants to start offering two new special reports that tell when orders and cancellations happen on their platform, sort of like special clocks that tell time for trades. People who use these reports have to pay, and the government wants to know what everyone thinks about this idea before January 24, 2025.