The NYSE proposed new fees and charges for providing
wireless connectivity services in order to transport selected NYSE
and affiliate market data to market participants.
The proposal adds text to the Wireless Fee Schedule in the
amount of "a $5,000 non-recurring initial charge for each
Wireless Market Data Connection and a monthly recurring charge per
connection that would vary depending upon the feed and the location
of the connection." Specifically, the proposal would allow
market participants to purchase wireless connections from three
data centers that are unaffiliated third parties.
Notably, the NYSE stated that it made the current proposal
because the SEC claimed the Wireless Market Data Connections are
facilities of the NYSE and should be filed as part of its rules.
The NYSE contends that the Wireless Market Data Connections are not
SEC facilities and, therefore, do not need to be included in the
rules.
