The NYSE Chicago, Inc. has proposed a rule change to its Connectivity Fee Schedule, aiming to enhance competition by adding new connectivity options to several trading floors, including the New York Stock Exchange. This change introduces new types of connections called TF Connections, which offer users dedicated bandwidth between their data center in Mahwah, New Jersey, and the trading floors. The NYSE Chicago argues that these new options will provide more choices without any unfair advantage or discrimination against telecom companies that also provide similar services. The rule change is open for public comments before a final decision is made by the Securities and Exchange Commission.
Simple Explanation
The SEC is looking at a new idea from the NYSE Chicago to change how much it costs to connect to their trading floors. NYSE Chicago wants to offer new ways for people to connect and use their systems, hoping to make things fairer and give people more choices.