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.