Notice2026-18401
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Connectivity Fee Schedule
Primary source
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Published
September 10, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 174 (Thursday, September 10, 2026)</title>
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[Federal Register Volume 91, Number 174 (Thursday, September 10, 2026)]
[Notices]
[Pages 57667-57669]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-18401]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106283; File No. SR-NYSEAMER-2026-79]
Self-Regulatory Organizations; NYSE American LLC; Notice of
Filing and Immediate Effectiveness of Proposed Rule Change To Amend the
Connectivity Fee Schedule
September 4, 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 September 2, 2026, 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.
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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 Connectivity Fee Schedule (``Fee
Schedule'') regarding colocation services and fees to make a non-
substantive change to the lists in Colocation Notes 4 and 5. The
proposed
[[Page 57668]]
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.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
NYSE American LLC (``NYSE American'' or the ``Exchange'') proposes
to amend the Connectivity Fee Schedule (``Fee Schedule'') regarding
colocation services and fees to make a non-substantive change to the
lists in Colocation Notes 4 and 5.
Colocation Note 4 includes a table of ``Included Data Products''
that lists the market data feeds that Users \4\ can connect to at no
additional cost when they purchase a service that includes access to
the LCN or IP network.\5\ The list currently includes three ``NMS
Feeds,'' two of which are referred to as ``CTA'' and ``CQ.''
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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. 76009 (September 29, 2015), 80 FR 60213
(October 5, 2015) (SR-NYSEMKT-2015-67). 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 Arca, Inc., NYSE National, Inc. and
NYSE Texas, Inc. (together, the ``Affiliate SROs''). Each Affiliate
SRO has submitted substantially the same proposed rule change to
propose the change described herein.
\5\ See Securities Exchange Act Release No. 79728 (January 4,
2017), 82 FR 3035 (January 10, 2017) (SR-NYSEMKT-2016-126) (Notice
of Filing and Immediate Effectiveness of Proposed Rule Change
Amending the NYSE MKT Equities Price List and the NYSE Amex Options
Fee Schedule Related to Colocation Services To Increase LCN and IP
Network Fees and Add a Description of Access To Trading and
Execution Services and Connectivity to Included Data Products).
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Similarly, Colocation Note 5 lists the market data feeds available
over the NMS network. As in Colocation Note 4, the list in Colocation
Note 5 currently includes three ``NMS Feeds,'' two of which are
referred to as ``CTA'' and ``CQ.''
The names ``CTA'' and ``CQ'' do not actually refer to the data
feeds themselves, but rather, to the names of the NMS Plans pursuant to
which the data feeds are currently disseminated--i.e., the CTA Plan \6\
and the CQ Plan.\7\ The actual names of the data feeds are ``CTS'' and
``CQS.'' \8\
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\6\ See CTA Plan Composite as of September 23, 2025, available
at <a href="https://www.ctaplan.com/plans">https://www.ctaplan.com/plans</a>.
\7\ See CQ Plan Composite as of September 23, 2025, available at
<a href="https://www.ctaplan.com/plans">https://www.ctaplan.com/plans</a>.
\8\ See Technical Documents at <a href="https://www.ctaplan.com/tech-specs">https://www.ctaplan.com/tech-specs</a>.
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Beginning April 1, 2027,\9\ the CTS and CQS data feeds will be
produced and disseminated pursuant to a different NMS Plan, the ``CT
Plan.'' There will be no changes to the actual data feeds disseminated,
and they will retain their current names of CTS and CQS.
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\9\ See CT Plan announcement of April 1, 2027 transition date at
<a href="https://consolidatedtape.com">https://consolidatedtape.com</a>.
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In light of this upcoming transition, the Exchange proposes to
amend the list of Included Data Products in Colocation Note 4 and the
list of feeds available over the NMS network in Colocation Note 5 to
refer to these data feeds by their actual names, CTS and CQS.
This is a non-substantive change. Only the names of the data feeds
on the lists in Colocation Notes 4 and 5 would change. There would be
no change to the data feeds themselves, nor would there be any change
to their inclusion as Included Data Products or feeds available over
the NMS network.
2. Statutory Basis
The Exchange believes that its proposal is consistent with the
requirements of the Act and the rules and regulations thereunder that
are applicable to a national securities exchange, and, in particular,
with the requirements of Section 6(b) of the Act.\10\ Specifically, the
proposal is consistent with Section 6(b)(5) of the Act \11\ because it
would promote just and equitable principles of trade, remove
impediments to, and perfect the mechanism of, a free and open market
and a national market system, and, in general, protect investors and
the public interest.
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\10\ 15 U.S.C. 78f(b).
\11\ 15 U.S.C. 78f(b)(5).
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The Exchange believes the proposed rule change would protect
investors and the public interest and perfect the mechanism of a free
and open market and a national market system by adding transparency and
specificity to the rule. In light of the upcoming transition to the CT
Plan, the Exchange believes that market participants may be confused if
the lists in Colocation Notes 4 and 5 continue to refer to the CTS and
CQS data feeds as ``CTA'' and ``CQ,'' potentially prompting questions
about whether the data feeds themselves will be changing. The Exchange
believes investors and the public interest would be protected by
revising the list in advance of such transition to refer to these data
feeds by their correct names, CTS and CQS.
As noted above, this is a non-substantive change. Only the names of
the data feeds on the lists in Colocation Notes 4 and 5 would change.
There would be no change to the data feeds themselves, nor would there
be any change to their inclusion as Included Data Products or feeds
available over the NMS network.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange believes that the proposal will not impose any burden
on competition that is not necessary or appropriate in furtherance of
the purposes of Section 6(b)(8) of the Act.\12\ Rather than impacting
competition, the proposed changes are non-substantive and would enhance
the specificity and transparency of the rule.
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\12\ 15 U.S.C. 78f(b)(8).
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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.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing 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 for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A)(iii) of the Act \13\ and
subparagraph (f)(6) of Rule 19b-4 thereunder.\14\
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\13\ 15 U.S.C. 78s(b)(3)(A)(iii).
\14\ 17 CFR 240.19b-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 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 the proposed rule
change, the Commission summarily may
[[Page 57669]]
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 to determine whether the
proposed rule should be approved or disapproved.
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#1664637a733b75797b7b737862655665737538717960"><span class="__cf_email__" data-cfemail="0b797e676e26686466666e657f784b786e68256c647d">[email protected]</span></a>. Please include
file number SR-NYSEAMER-2026-79 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-NYSEAMER-2026-79. 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-NYSEAMER-2026-79 and should be submitted
on or before October 1, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\15\
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\15\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-18401 Filed 9-9-26; 8:45 am]
BILLING CODE 8011-01-P
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