The NYSE American LLC has proposed changes to its co-location services, specifically to their Equities Price List and Fee Schedule and the Options Fee Schedule. The changes aim to introduce two new Partial Cabinet Solution bundles, Options E and F, which offer upgraded network connections for users who need fast data transfer but can't justify the expense of a dedicated cabinet. The proposal states that these bundles would be available for the same setup fee as current options but with different monthly charges, and a 50% monthly fee reduction for the first year is offered if purchased by the end of 2021. The proposed rule change is designed to increase choice in a competitive market without treating any group unfairly.
Simple Explanation
The NYSE American LLC wants to offer new choices for sharing computer space where people trade stocks, making it cheaper and faster for everyone. They promise these new choices won't be unfair, but some people are worried because they didn't say much about the reasons for the prices or how it will really help everyone compete.