Statement Summary
The Securities and Exchange Commission issued a notice regarding NYSE American LLC’s proposed rule change to amend its Connectivity Fee Schedule. This change aims to update the list of third-party systems and data feeds that users can connect to, along with associated fees and details on redistribution fees. The amendments will add new third-party systems like Blue Ocean ATS and combine several existing ones, without altering the general connectivity fees.
This proposal is designed to enhance user options for data access and aligns with competitive market standards, ensuring equitable treatment across all users. Comments on the proposal are solicited from interested parties, allowing for feedback before implementation.
Original Statement
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102953; File No. SR-NYSEAMER-2025-22]
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Connectivity Fee Schedule Related to Connectivity to Third Party Systems and Third Party Data Feeds
April 29, 2025.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) and Rule 19b-4 thereunder, notice is hereby given that, on April 16, 2025, NYSE American LLC (“NYSE American” or the “Exchange”) filed with the Securities and Exchange Commission (the “Commission”) the proposed rule change as described in Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.
Proposed Changes
The Exchange proposes to amend the Connectivity Fee Schedule to update the list of third-party systems and data feeds to which Users can connect, related fees, and a reference to who can charge redistribution fees.
Proposed changes include:
- Add Blue Ocean ATS (BOATS), Canadian Imperial Bank of Commerce (CIBC), Long Term Stock Exchange, MEMX, Pragma, and Small Exchange.
- Combine Cboe MATCHNow into Cboe Canada.
Connectivity Fee Schedule Impact
The Exchange does not propose to change the monthly recurring fee Users pay for access to each Third Party System. Users will continue to have the option to choose which systems to connect to without any increase in cost due to these amendments.
User Options and Feedback
The proposed rule change is expected to provide Users with more options for accessing essential data feeds and third-party systems. Interested parties are invited to provide their comments on the proposal prior to its implementation.
Feedback can be submitted through the following methods:
- Electronic Comments via the Commission’s internet comment form.
- Paper Comments sent to the Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
Conclusion
The proposed amendments are consistent with the goals of providing equitable treatment and competitive options in data access for Users. The Exchange anticipates the rule change will enhance connectivity and accessibility to third-party systems and data feeds.
