The New York Stock Exchange (NYSE) has proposed a rule change to enhance its Connectivity Fee Schedule by including connectivity to its trading floors. This change would enable Users, such as market participants, to establish virtual control circuit connections for transmitting trading-related data between the NYSE's data center in New Jersey and its trading floors. The Exchange states that the addition of this service will not alter existing fees. The proposal aims to enhance competition in the market for circuits by providing Users with another option for their connectivity needs.
Simple Explanation
The New York Stock Exchange wants to let people connect to its trading floors in a new way, but they promise not to change any prices for this service. People have asked questions because it's unclear how the costs are fair or how this option compares to others.