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The SEC is reviewing a proposed rule change by NYSE American LLC to set up new procedures for allocating power to co-located Users at its facilities. Due to increased demand, especially during volatile market periods, the Exchange plans to integrate power allocation rules with existing rules on cabinet allocation. These changes include placing purchasing limits on Users when available power or cabinet supplies fall below certain thresholds, and creating a waitlist system if these supplies are exhausted. The proposal aims to ensure a fair distribution of resources among users and is open for public comments.

The New York Stock Exchange LLC (NYSE) has proposed a new rule change to establish guidelines for distributing power to its co-located users, amidst high demand due to market conditions like the COVID-19 pandemic. The proposed procedures aim to manage the increased need for power and ensure a fair distribution among users. Users can currently purchase power through new cabinets or upgrades, but if demand exceeds a certain level, limitations and waitlists will be introduced. These changes are designed to ensure equitable access to power and cabinets for all market participants and to prevent any unfair advantages.