Search Results for keywords:"waitlist procedures"

Found 2 results

Search Results: keywords:"waitlist procedures"

💰 Only
Oldest Newest
  • 2021-03726 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To Establish Procedures for the Allocation of Power to Its Co-Located Users
    Type:Notice
    Citation:86 FR 11356
    Reading Time:about 31 minutes

    The NYSE Arca, Inc. has proposed a rule change to the Securities and Exchange Commission to set up new procedures for allocating power to its co-located users. This change is in response to increased demand for power, partly due to high trading volumes during the COVID-19 pandemic. The proposal includes limitations on how much power and how many cabinets users can purchase if inventory or capacity drops below certain levels. Users may be put on a waitlist if resources reach zero, ensuring fair distribution without unfair discrimination between different market participants.

    Simple Explanation

    The NYSE Arca wants to make new rules about sharing electricity with their users who rent space in the same building. These rules are to make sure everyone gets a fair amount of power, especially when there's not enough to go around, kind of like sharing candy with friends when the bowl starts getting empty.

  • 2021-03718 — Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing of Proposed Rule Change To Establish Procedures for the Allocation of Power to Its Co-Located Users
    Type:Notice
    Citation:86 FR 11367
    Reading Time:about 31 minutes

    The Securities and Exchange Commission is considering a proposal by NYSE National, Inc. to establish procedures for allocating power to its co-located users. As high demand for power has arisen due to market volatility, NYSE National plans to expand power capacity and make it available for users. The proposed changes include setting limits on power and cabinet purchases and implementing a waitlist if supplies run low. This aims to manage resources fairly among users and ensure everyone has a chance to access the needed power and cabinet space.

    Simple Explanation

    NYSE National, Inc. wants to set up some rules on how to share electricity with companies that share their office space to make sure everyone gets a fair amount, especially when there's not enough for everybody. So if they can’t give everyone what they need, they’ll keep a list of who’s waiting for more, kind of like taking turns.