The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change by NYSE Chicago, Inc. The Exchange proposes new procedures for allocating power and cabinets to co-located users due to high demand, partly driven by COVID-19-related market volatility. The proposal includes detailed rules for purchasing limits and waitlists, applicable when power or cabinet availability falls below certain thresholds. The changes aim to ensure a fair distribution of resources among users while maintaining an equitable system consistent with existing procedures.
Simple Explanation
NYSE Chicago wants to make new rules about how they share electricity with people who rent space from them to keep their computers. Because so many people want this space, especially with all the changes happening because of the pandemic, the new rules will say who can get electricity first when there's not enough for everyone.