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.
Simple Explanation
The NYSE Arca wants to change some rules so people can use a special type of line to talk to different stock markets, and they will charge money for using those lines based on how much space is needed.