The Securities and Exchange Commission (SEC) has announced a proposed rule change by NYSE Arca, Inc. to expand the application of the Per User Access Fee to include Redistributors of the NYSE Aggregated Lite data feed. This change became effective on January 16, 2025, as part of efforts to update market data fee structures. The SEC is inviting the public to submit comments on the proposal by February 24, 2025, through their website or via email. The purpose of this solicitation is to ensure transparency and gather public input on whether the rule change aligns with the Securities Exchange Act of 1934.
Simple Explanation
The Securities and Exchange Commission (SEC) says that a group called NYSE Arca wants to charge a fee for people and companies who share certain stock market info. They want people to tell them what they think about this idea by February 24, 2025.