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The document is a notice from the Securities and Exchange Commission regarding a proposed rule change by the NYSE American LLC to amend their Connectivity Fee Schedule. These changes aim to add new options for connecting to the trading floors of the New York Stock Exchange, NYSE American, and NYSE Arca. This amendment would give users the ability to set up dedicated bandwidth connections for sending and receiving trading-related data. The proposed changes are intended to provide more flexibility and options for users while ensuring that the fees remain fair and competitive with other similar services.

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.

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.

On December 17, 2024, the New York Stock Exchange LLC and several related exchanges proposed a rule to the Securities and Exchange Commission to change their connectivity fee schedules. This involved adding fees for connections from the Mahwah Data Center to trading floors. However, by December 31, 2024, the exchanges decided to withdraw these proposed changes. The proposed changes had been briefly open for public comment as part of the regulatory review process.

The NYSE Arca, Inc. has submitted a proposal to the Securities and Exchange Commission to update its Connectivity Fee Schedule. The change allows connections to the New York Stock Exchange LLC, NYSE American LLC, and NYSE Arca trading floors through dedicated bandwidth options called TF Connections. These connections could either directly link the data center in Mahwah, New Jersey, with a single trading floor or multiple floors. The fee for these connections will vary based on bandwidth needs and will be competitive with alternatives offered by third-party telecom providers.