The Securities and Exchange Commission is considering a proposal by NYSE National, Inc. to establish procedures for allocating power to its co-located users. As high demand for power has arisen due to market volatility, NYSE National plans to expand power capacity and make it available for users. The proposed changes include setting limits on power and cabinet purchases and implementing a waitlist if supplies run low. This aims to manage resources fairly among users and ensure everyone has a chance to access the needed power and cabinet space.
Simple Explanation
NYSE National, Inc. wants to set up some rules on how to share electricity with companies that share their office space to make sure everyone gets a fair amount, especially when there's not enough for everybody. So if they can’t give everyone what they need, they’ll keep a list of who’s waiting for more, kind of like taking turns.