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.
Simple Explanation
The NYSE wants to make sure everyone gets a fair share of electricity in their trading spaces during busy times, like when a lot of people want to trade stocks all at once. If too many people want electricity, they might make a waitlist to keep it fair for everyone.