Notice2026-12026

Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Partial Cabinet Solution Bundles

Primary source

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Published
June 16, 2026

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 91 Issue 115 (Tuesday, June 16, 2026)</title>
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[Federal Register Volume 91, Number 115 (Tuesday, June 16, 2026)]
[Notices]
[Pages 36169-36173]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-12026]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-105661; File No. SR-NYSETEX-2026-21]


Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing 
and Immediate Effectiveness of a Proposed Rule Change To Amend the 
Partial Cabinet Solution Bundles

June 11, 2026.
    Pursuant to Section 19(b)(1) \1\ of the Securities Exchange Act of 
1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ notice is hereby given 
that, on June 1, 2026, the NYSE Texas, Inc. (``NYSE Texas'' or 
``Exchange'') filed with the Securities and Exchange Commission 
(``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.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance 
of the Proposed Rule Change

    The Exchange proposes to amend the Partial Cabinet Solution bundles 
offered as part of its co-location services. The description of the 
Partial Cabinet Solution bundles and related fees in the Connectivity 
Fee Schedule (``Fee Schedule'') would be updated accordingly. The 
proposed rule change is available on the Exchange's website at 
<a href="http://www.nyse.com">www.nyse.com</a> and at the principal office of the Exchange.

II. Self-Regulatory Organization's Statement of the Purpose of, and 
Statutory Basis for, the Proposed Rule Change

    In its filing with the Commission, the self-regulatory organization 
included statements concerning the purpose of, and basis for, the 
proposed rule change and discussed any comments it received on the 
proposed rule change. The text of those statements may be examined at 
the places specified in Item IV below. The Exchange has prepared 
summaries, set forth in sections A, B, and C below, of the most 
significant parts of such statements.

[[Page 36170]]

A. Self-Regulatory Organization's Statement of the Purpose of, and the 
Statutory Basis for, the Proposed Rule Change

1. Purpose
    The Exchange proposes to amend the Partial Cabinet Solution bundles 
offered as part of its co-location services. Specifically, the Exchange 
proposes to delete the current 1 kW Partial Cabinet Solution (``PCS'') 
bundle and change the fee charged for the 2 kW PCS bundle. The 
description of the PCS bundles and related fees in the Fee Schedule 
would be updated accordingly.
    The Exchange expects that the proposed rule change would become 
operative no later than October 31, 2026. The Exchange will announce 
the date through a customer notice.
Background
    Currently, there are two PCS bundles available to Users,\4\ each of 
which includes a partial cabinet; access to the Liquidity Center 
Network (``LCN'') and internet protocol (``IP'') network, the local 
area networks available in the data center; two NMS network \5\ 
connections, two fiber cross connections; and connectivity to one of 
two time feeds.\6\ Option A has a 1 kW partial cabinet, and Option B 
has a 2 kW partial cabinet. In addition to other requirements, a User 
and its Affiliates \7\ must have an Aggregate Cabinet Footprint \8\ of 
2 kW or less to qualify for either Option A or Option B.
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    \4\ For purposes of the Exchange's colocation services, a 
``User'' means any market participant that requests to receive 
colocation services directly from the Exchange. See Securities 
Exchange Act Release No. 87408 (October 28, 2019), 84 FR 58778 at 
n.6 (November 1, 2019) (SR-NYSECHX-2019-12). As specified in the Fee 
Schedule, a User that incurs colocation fees for a particular 
colocation service pursuant thereto would not be subject to 
colocation fees for the same colocation service charged by the New 
York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., and 
NYSE National, Inc. (together, the ``Affiliate SROs''). Each 
Affiliate SRO has submitted substantially the same proposed rule 
change to propose the change described herein.
    \5\ The NMS Network is an alternate dedicated network connection 
that Users use to access the NMS feeds for which the Securities 
Industry Automation Corporation is engaged as the securities 
information processor. See Securities Exchange Act Release No. 88972 
(May 29, 2020), 85 FR 34472 (June 4, 2020) (SR-NYSECHX-2020-18).
    \6\ See Securities Exchange Act Release No. 97751 (June 16, 
2023), 88 FR 41178 (June 23, 2023) (SR-NYSECHX-2023-12).
    \7\ An ``Affiliate'' of a User is any other User or Hosted 
Customer that is under 50% or greater common ownership or control of 
the first User. Fee Schedule, p 1.
    \8\ The ``Aggregate Cabinet Footprint'' of a User is the total 
kW of the User's cabinets, including both partial and dedicated 
cabinets. Fee Schedule, p 1.
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    The PCS bundles were designed to attract smaller Users, including 
those with minimal power or cabinet space demands or those for which 
the costs attendant with having a dedicated cabinet or greater network 
connection bandwidth are too burdensome.\9\ That has not changed. But 
as hardware and other infrastructure has evolved, even those with 
minimal demands need more power to meet the requirements of their 
hardware, such that even smaller Users may find the 1 kW PCS bundle 
inadequate to meet their needs.
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    \9\ See 84 FR 58778, supra note 4, at 58782. See also Securities 
Exchange Act No. 77072 (February 5, 2016), 81 FR 7394 (February 11, 
2016) (SR-NYSE-2015-53).
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    At the same time, the monthly recurring fees that Users pay for IP 
and LCN ports (also referred to as ``connections'' and ``network 
access'') increased \10\ but the fees for the 2 kW PCS bundle did not.
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    \10\ See Securities Exchange Act No. 104065 (September 25, 
2025), 90 FR 46966 (September 30, 2025) (SR-NYSETEX-2025-35) 
(increasing the monthly recurring fees for IP and LCN ports by 
between 9.1% and 11.1%) (the ``2025 Price Change'').
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Proposed Changes
    The Exchange proposes to make the following changes. First, 
presumably as a result of the increased power needs of newer hardware, 
there are no Users with a 1 kW PCS bundle. The Exchange believes that 
there is no remaining User demand for the 1 kW PCS bundle and therefore 
proposes to delete it from the Fee Schedule as obsolete.
    Second, the Exchange proposes to change the monthly recurring 
charge for the 2 kW PCS bundle. With this proposal, the Exchange 
proposes to increase the monthly recurring fees by 10.0% (the initial 
charge would not change). Because it would be the only PCS bundle that 
remained, the Exchange also proposes to delete ``Option B''.
    To implement the changes, the Exchange would amend the Fee Schedule 
as follows (proposed deletions bracketed, proposed addition 
italicized):

------------------------------------------------------------------------
       Type of service             Description        Amount of charge
------------------------------------------------------------------------
Partial Cabinet Solution      [Option A:..........  [10,000 initial
 bundles.                     1 kW partial           charge per bundle
                               cabinet, 1 LCN        plus $14,000
                               connection (10 Gb     monthly charge per
                               LX or 40 Gb), 1 IP    bundle].
                               network connection
                               (10 Gb or 40 Gb), 2
                               NMS Network
                               connections (10 Gb
                               or 40 Gb each), 2
                               fiber cross
                               connections and
                               either the Network
                               Time Protocol Feed
                               or Precision Timing
                               Protocol].
Note: A User and its
 Affiliates are limited to
 one Partial Cabinet
 Solution bundle at a time.
 A User and its Affiliates
 must have an Aggregate
 Cabinet Footprint of 2 kW
 or less to qualify for a
 Partial Cabinet Solution
 bundle. See Note 1 under
 ``Colocation Notes.''.
A purchaser of a Partial      [Option B:].........  $10,000 initial
 Cabinet Solution bundle      2 kW partial           charge per bundle
 must select NMS Network       cabinet, 1 LCN        plus
 connections of the same       connection (10 Gb     $[15,000]16,500
 size (i.e. 10 Gb or 40 Gb)    LX or 40 Gb), 1 IP    monthly charge per
 as the related LCN and IP     network connection    bundle.
 network connections.          (10 Gb or 40 Gb), 2
                               NMS Network
                               connections (10 Gb
                               or 40 Gb each), 2
                               fiber cross
                               connections and
                               either the Network
                               Time Protocol Feed
                               or Precision Timing
                               Protocol.
------------------------------------------------------------------------

    The proposed fee increase would enable the Exchange to maintain and 
improve its market technology and services to remain competitive with 
its peers. Over the years, customer demand for more sophisticated, 
higher-throughput, lower-latency, and higher-power connectivity 
solutions has increased. The Exchange continues to

[[Page 36171]]

invest in maintaining, improving, and enhancing its connectivity 
products, services, and facilities for the benefit and often at the 
behest of its customers. Such enhancements include refreshing hardware 
and expanding the Exchange's existing colocation facility to offer 
customers additional space and power.\11\
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    \11\ In addition, in 2020, the Exchange began providing Users, 
at no additional charge, one port on the new NMS Network for each 10 
Gb or 40 Gb IP Network port or LCN port that Users purchased. The 
Exchange did not increase the underlying IP Network or LCN port fees 
at the time. See note 5, supra.
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    Nevertheless, the Exchange has not increased the fees for the 2 kW 
PCS bundle since 2016 \12\ while inflation has been 15.98% since 
February 2016 as measured using the ``Data PPI'' metric described below 
\13\ and the monthly recurring fees that Users pay for IP and LCN ports 
recently increased.\14\
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    \12\ The price was originally reduced for PCS bundles for 24 
months so long as the User ordered its PCS bundle by a given date. 
If the PCS bundle was ordered after that date, it paid the full fee. 
See note 9, supra.
    \13\ See <a href="https://fred.stlouisfed.org/series/PCU51825182#0">https://fred.stlouisfed.org/series/PCU51825182#0</a>.
    \14\ See 2025 Price Change, note 10, supra.
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    As discussed below, the Exchange proposes to adjust its fees by an 
industry- and product-specific inflationary measure. It is reasonable 
and consistent with the Act for the Exchange to recoup its investments, 
at least in part, by adjusting its fees. Continuing to operate at fees 
for the 2 kW PCS bundle frozen at 2016 levels impacts the Exchange's 
ability to enhance its offerings and the interests of market 
participants and investors.
    The fee increase the Exchange proposes is based on an industry-
specific Producer Price Index (``PPI''), which is a tailored measure of 
inflation.\15\ As a general matter, the PPI is a family of indexes that 
measures the average change over time in selling prices received by 
domestic producers of goods and services. PPI measures price change 
from the perspective of the seller. This contrasts with other metrics, 
such as the Consumer Price Index (``CPI''), that measure price change 
from the purchaser's perspective.\16\ About 10,000 PPIs for individual 
products and groups of products are tracked and released each 
month.\17\ PPIs are available for the output of nearly all industries 
in the goods-producing sectors of the U.S. economy--mining, 
manufacturing, agriculture, fishing, and forestry--as well as natural 
gas, electricity, and construction, among others. The PPI program 
covers approximately 69 percent of the service sector's output, as 
measured by revenue reported in the 2017 Economic Census.
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    \15\ See note 13, supra.
    \16\ See <a href="https://www.bls.gov/ppi/overview.htm">https://www.bls.gov/ppi/overview.htm</a>.
    \17\ Id.
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    For purposes of this proposal, the relevant industry-specific PPI 
is the Data Processing and Related Services PPI (``Data PPI''), which 
is an industry net-output PPI that measures the average change in 
selling prices received by companies that provide data processing 
services.
    The Data PPI was introduced in January 2002 by the Bureau of Labor 
Statistics (``BLS'') as part of an ongoing effort to expand PPI 
coverage of the services sector of the U.S. economy and is identified 
as NAICS 518210 in the North American Industry Classification 
System.\18\ According to the BLS,
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    \18\ NAICS appears in table 5 of the PPI Detailed Report and is 
available at <a href="https://data.bls.gov/timeseries/PCU518210518210">https://data.bls.gov/timeseries/PCU518210518210</a>.

    [t]he primary output of NAICS 518210 is the provision of 
electronic data processing services. In the broadest sense, computer 
services companies help their customers efficiently use technology. 
The processing services market consists of vendors who use their own 
computer systems--often utilizing proprietary software--to process 
customers' transactions and data. Companies that offer processing 
services collect, organize, and store a customer's transactions and 
other data for record-keeping purposes. Price movements for the 
NAICS 518210 index are based on changes in the revenue received by 
companies that provide data processing services. Each month, 
companies provide net transaction prices for a specified service. 
The transaction is an actual contract selected by probability, where 
the price-determining characteristics are held constant while the 
service is repriced. The prices used in index calculation are the 
actual prices billed for the selected service contract.\19\
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    \19\ See <a href="https://www.bls.gov/ppi/factsheets/producer-price-index-for-the-data-processing-and-related-services-industry-naics-518210.htm">https://www.bls.gov/ppi/factsheets/producer-price-index-for-the-data-processing-and-related-services-industry-naics-518210.htm</a>.

    The Exchange believes the Data PPI is an appropriate measure to be 
considered in the context of the proposed rule change to modify the 
monthly fee for the 2 kW PCS bundle because the Exchange uses its ``own 
computer systems'' and ``proprietary software,'' i.e., its own data 
center, including the hardware and equipment that it uses to bring 
customers' orders, transactions, and other data into the data center 
for processing, routing, and execution. In other words, the Exchange is 
in the business of data processing and related services.
    For purposes of this proposed rule change, the Exchange examined 
the Data PPI value for the period from February 2016 through December 
2025 (the last month for which finalized data is available).\20\ The 
Data PPI had a starting value of 106.6 in February 2016 and an ending 
value of 123.64 in December 2025, a 15.98% increase. This indicates 
that companies who are also in the data storage and processing business 
have generally increased prices for a specified service covered under 
NAICS 518210 by an average of 15.98% during this period. Based on that 
percentage change, the Exchange proposes to increase its monthly 
recurring fees for the 2 kW PCS bundle by 10.0%--below the Data PPI 
increase of 15.98%--which reflects an increase covering the entire 
period since the last price adjustment to these fees was made.
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    \20\ See note 18, supra.
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    The Exchange further believes the Data PPI is an appropriate 
measure for purposes of the proposed rule change on the basis that it 
is a stable metric with limited volatility, unlike other consumer-side 
inflation metrics. In fact, the Data PPI has not experienced a greater 
than 3.3% increase for any one calendar year period since it was 
introduced. The average calendar year change from 2002 to 2025 was 
0.8%, with a cumulative increase of 19.7% over this period.\21\ The 
Exchange believes the Data PPI is considerably less volatile than other 
inflation metrics such as CPI, which has had individual calendar year 
increases averaging 2.5%, and a cumulative increase of 83.0% during the 
same period.\22\
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    \21\ See id.
    \22\ See <a href="https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/">https://www.usinflationcalculator.com/inflation/consumer-price-index-and-annual-percent-changes-from-1913-to-2008/</a>.
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    The Exchange believes the Data PPI, and significant investments 
into, and enhanced performance of, the Exchange support the 
reasonableness of the proposed fee increase.\23\
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    \23\ See supra discussion of system performance advancements. 
Additionally, other exchanges, including the Affiliate SROs, have 
filed for increases in certain fees, based in part on comparisons to 
inflation. See, e.g., Securities Exchange Act Release Nos. 102073 
(January 2, 2025), 90 FR 1558 (January 8, 2025) (SR-BOX-2024-30); 
102103 (January 3, 2025), 90 FR 2045 (January 10, 2025) (SR-NASDAQ-
2024-087); 102574 (March 11, 2025), 90 FR 12439 (March 17, 2025) 
(SR-NYSEARCA-2025-20); 104061 (September 25, 2025), 90 FR 47009 
(September 30, 2025) (SR-NYSE-2025-37);104062 (September 25, 2025), 
90 FR 46950 (September 30, 2025) (SR-NYSEAmer-2025-60); 104063 
(September 25, 2025), 90 FR 47038 (September 30, 2025) (SR-NYSEArca-
2025-71); 104064 (September 25, 2025), 90 FR 46960 (September 30, 
2025) (SR-NYSENAT-2025-23); and 100994 (September 10, 2024), 89 FR 
75612 (September 16, 2024) (SR-NYSEARCA-2024-79).
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Application and Impact of the Proposed Change
    The proposed change would apply to all PCS bundles. The proposed 
change would not apply differently to distinct types or sizes of market 
participants.

[[Page 36172]]

Rather, it would apply to all Users equally.
    Users that require other sizes or combinations of cabinets, network 
connections and cross connects could still request them. As is 
currently the case, the purchase of any colocation service, including 
PCS bundles, is completely voluntary and the Price List is applied 
uniformly to all Users.
    As no Users have the 1 kW PCS bundle, none would be impacted by its 
deletion. The Exchange expects to obtain no new Users as a result of 
changing the fees for 2 kW PCS bundles.
2. Statutory Basis
    The Exchange believes that the proposed rule change is consistent 
with Section 6(b) of the Act,\24\ in general, and furthers the 
objectives of Section 6(b)(5) of the Act,\25\ in particular, because it 
is designed to prevent fraudulent and manipulative acts and practices, 
to promote just and equitable principles of trade, to foster 
cooperation and coordination with persons engaged in regulating, 
clearing, settling, processing information with respect to, and 
facilitating transactions in securities, to remove impediments to and 
perfect the mechanism of a free and open market and a national market 
system, and, in general, to protect investors and the public interest 
and because it is not designed to permit unfair discrimination between 
customers, issuers, brokers, or dealers. The Exchange further believes 
that the proposed rule change is consistent with Section 6(b)(4) of the 
Act,\26\ because it provides for the equitable allocation of reasonable 
dues, fees, and other charges among its members and issuers and other 
persons using its facilities and does not unfairly discriminate between 
customers, issuers, brokers, or dealers.
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    \24\ 15 U.S.C. 78f(b).
    \25\ 15 U.S.C. 78f(b)(5).
    \26\ 15 U.S.C. 78f(b)(4).
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    This belief is based on two factors. First, the current fees for 
the 2 kW PCS bundle do not properly reflect the quality of the services 
and products, as fees for the 2 kW PCS bundle have been static in 
nominal terms, and therefore falling in real terms due to inflation. 
Second, the Exchange believes that investments made in enhancing the 
capacity and speed of Exchange systems has increased the performance of 
these ports.
The Proposed Rule Change Is Reasonable
    As noted above, the Exchange has not increased the fees for the 2 
kW PCS bundle since 2016. However, in the years following the last fee 
increases, the Exchange has made significant investments in upgrades to 
its connectivity products, services, and facilities, enhancing the 
quality of its services. In other words, Exchange customers have 
greatly benefited, while the Exchange's ability to recoup its 
investments has been hampered.
    Between February 2016 and December 2025, the total inflation rate 
was 36.7%.\27\ Using the more targeted inflation number of Data PPI, 
the cumulative inflation rate was 15.98%. The Exchange believes the 
Data PPI is a reasonable metric to base this fee increase on because it 
is targeted to producer-side increases in the data processing industry.
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    \27\ See note 22, supra.
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    Notwithstanding inflation, as noted above, the Exchange has not 
increased its fees for the 2 kW PCS bundle for more than eight years. 
The price change would be commensurate with the 2025 fee changes to the 
LCN and IP network and below the amount of the increase in the Data 
PPI. The proposed fee change therefore represents a modest increase 
from the current fees.
    The Exchange believes the proposed fee increase is reasonable in 
light of the Exchange's continued expenditure in maintaining a robust 
technology ecosystem. Furthermore, the Exchange continues to invest in 
maintaining and enhancing its connectivity products--for the benefit 
and often at the behest of its customers and global investors. Such 
enhancements include refreshing several aspects of the technology 
ecosystem including software, hardware, and network while introducing 
new and innovative products and expanded and modernized facilities. The 
goal of the enhancements discussed above, among other things, is to 
provide faster, higher-capacity, and more modern connectivity products 
and services. Accordingly, the Exchange continues to expend resources 
to innovate and modernize its technology so that it may benefit its 
members in offering connectivity products and services.
Additional Considerations
    The PCS bundles were designed to attract smaller Users, including 
those with minimal power or cabinet space demands or those for which 
the costs attendant with having a dedicated cabinet or greater network 
connection bandwidth are too burdensome. As equipment has evolved, even 
those with minimal demands need more power to meet the requirements of 
their hardware, such that even smaller Users may not find the 1 kW PCS 
bundle meets their needs adequately. As a consequence, there are no 
Users with a 1 kW PCS bundle and accordingly the Exchange believes that 
to delete the 1 kW PCS bundle would be reasonable.
The Proposed Fees Are Equitably Allocated and Not Unfairly 
Discriminatory
    The Exchange believes that the proposed fee increase is equitably 
allocated and not unfairly discriminatory because it would apply to all 
market participants that choose to purchase the 2 kW PCS bundle from 
the Exchange. Any participant that chooses to purchase the 2 kW PCS 
bundle would be subject to the same Fee Schedule, regardless of what 
type of business they operate or the use they plan to make of the 
products and services. Additionally, the fee increases would be applied 
uniformly to market participants without regard to Exchange membership 
status or the extent of any other business with the Exchange or 
affiliated entities.
    The Exchange also believes that the proposal represents an 
equitable allocation of reasonable dues, fees, and other charges 
because Exchange fees have fallen in real terms during the relevant 
period. Finally, the Exchange believes that the proposed fee changes 
are not unfairly discriminatory because the fees would be assessed 
uniformly across all market participants, in the same manner they are 
today, that voluntarily purchase the Exchange's connectivity products 
and services, which would remain available for purchase by all market 
participants.
    The PCS bundles were designed to attract smaller Users, including 
those with minimal power or cabinet space demands or those for which 
the costs attendant with having a dedicated cabinet or greater network 
connection bandwidth are too burdensome. As equipment has evolved, even 
those with minimal demands need more power to meet the requirements of 
their hardware, such that even smaller Users may not find the 1 kW PCS 
bundle meets their needs adequately. As a consequence, there are no 
Users with a 1 kW PCS bundle and accordingly the Exchange believes that 
to delete the 1 kW PCS bundle would be equitable and not unfairly 
discriminatory.

B. Self-Regulatory Organization's Statement on Burden on Competition

    The proposed rule changes will not impose any burden on competition 
that is not necessary or appropriate in

[[Page 36173]]

furtherance of the purposes of Section 6(b)(8) of the Act.\28\
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    \28\ 15 U.S.C. 78f(b)(8).
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    Intramarket Competition. The Exchange believes that the proposed 
fees do not put any market participants at a relative disadvantage 
compared to other market participants. As noted above, the Fee Schedule 
would continue to apply to all purchasers of the Exchange's 
connectivity products and services in the same manner as it does today, 
albeit at inflation-adjusted rates for the 2 kW PCS bundle, and 
customers may choose whether to purchase these products and services at 
all. The Exchange also believes that the deletion of the 1 kW PCS 
bundle and the level of the proposed fees neither favors nor penalizes 
one or more categories of market participants in a manner that would 
impose an undue burden on competition.
    Intermarket Competition. The Exchange believes that the removal of 
the 1 kW PCS bundle and the proposed fees for the 2 kW PCS bundle do 
not impose a burden on competition or on other SROs that is not 
necessary or appropriate.
    First, presumably as a result of the increased power needs of newer 
hardware, there are no Users with a 1 kW PCS bundle. The Exchange 
believes that there is no remaining User demand for the 1 kW PCS 
bundle, and so no Users would be impacted by its deletion.
    Second, in determining the proposed fees, the Exchange utilized an 
objective and stable metric with limited volatility. Utilizing Data PPI 
over a specified period of time is a reasonable means of recouping the 
Exchange's investment in maintaining and enhancing its connectivity 
products, services, and facilities. The Exchange believes utilizing 
Data PPI, a tailored measure of inflation, to increase certain fees for 
connectivity products and services to recoup the Exchange's investment 
in maintaining and enhancing such products, services, and facilities 
would not impose a burden on competition.
    For the reasons described above, the Exchange believes that the 
proposed rule changes reflect this competitive environment.

C. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

D. Self-Regulatory Organization's Statement on Comments on the Proposed 
Rule Change Received From Members, Participants, or Others

    No written comments were solicited or received with respect to the 
proposed rule change.

III. Date of Effectiveness of the Proposed Rule Change and Timing for 
Commission Action

    The Exchange has filed the proposed rule change pursuant to Section 
19(b)(3)(A)(iii) of the Act \29\ and Rule 19b-4(f)(6) thereunder.\30\ 
Because the proposed rule change does not: (i) significantly affect the 
protection of investors or the public interest; (ii) impose any 
significant burden on competition; and (iii) become operative prior to 
30 days from the date on which it was filed, or such shorter time as 
the Commission may designate, if consistent with the protection of 
investors and the public interest, the proposed rule change has become 
effective pursuant to Section 19(b)(3)(A) of the Act \31\ and Rule 19b-
4(f)(6) \32\ thereunder.
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    \29\ 15 U.S.C. 78s(b)(3)(A)(iii).
    \30\ 17 CFR 240.19b-4(f)(6).
    \31\ 15 U.S.C. 78s(b)(3)(A).
    \32\ Rule 19b-4(f)(6). In addition, Rule 19b-4(f)(6) requires a 
self-regulatory organization to give the Commission written notice 
of its intent to file the proposed rule change, along with a brief 
description and text of the proposed rule change, at least five 
business days prior to the date of filing of the proposed rule 
change, or such shorter time as designated by the Commission. The 
Exchange has satisfied this requirement.
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    At any time within 60 days of the filing of such proposed rule 
change, the Commission summarily may temporarily suspend such rule 
change if it appears to the Commission that such action is necessary or 
appropriate in the public interest, for the protection of investors, or 
otherwise in furtherance of the purposes of the Act. If the Commission 
takes such action, the Commission shall institute proceedings under 
Section 19(b)(2)(B) \33\ of the Act to determine whether the proposed 
rule change should be approved or disapproved.
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    \33\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments

    Interested persons are invited to submit written data, views and 
arguments concerning the foregoing, including whether the proposed rule 
change is consistent with the Act. Comments may be submitted by any of 
the following methods:

Electronic Comments

    <bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
    <bullet> Send an email to <a href="/cdn-cgi/l/email-protection#1260677e773f717d7f7f777c6661526177713c757d64"><span class="__cf_email__" data-cfemail="d8aaadb4bdf5bbb7b5b5bdb6acab98abbdbbf6bfb7ae">[email&#160;protected]</span></a>. Please include 
file number SR-NYSETEX-2026-21 on the subject line.

Paper Comments

    <bullet> Send paper comments in triplicate to Secretary, Securities 
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.

All submissions should refer to file number SR-NYSETEX-2026-21. This 
file number should be included on the subject line if email is used. To 
help the Commission process and review your comments more efficiently, 
please use only one method. The Commission will post all comments on 
the Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the filing will be available for inspection and 
copying at the principal office of the Exchange. Do not include 
personal identifiable information in submissions; you should submit 
only information that you wish to make available publicly. We may 
redact in part or withhold entirely from publication submitted material 
that is obscene or subject to copyright protection. All submissions 
should refer to file number SR-NYSETEX-2026-21 and should be submitted 
on or before July 7, 2026.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\34\
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    \34\ 17 CFR 200.30-3(a)(12).
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Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-12026 Filed 6-15-26; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on June 16, 2026.

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