The New York Stock Exchange (NYSE) has proposed a rule change to amend its Connectivity Fee Schedule to include new options for connecting with trading floors. This proposal enables market participants to establish connections using unicast technology between the Mahwah, New Jersey data center and NYSE trading floors for transmitting trading data. The Exchange asserts that this change is reasonable and fair, as it provides more connectivity choices without disadvantaging any market participants. Additionally, the proposal is open for public comments, which can be submitted via electronic or paper methods.
Simple Explanation
The NYSE wants to change the way people connect to its trading floors, so they can use different options, kind of like choosing between driving a car or taking a bus. They say this is fair and they want people to tell them what they think before they decide.