Federal Register #SR-NYSEAmer-2026-24

SEC Notice: NYSE American LLC Proposed Digital Media Enterprise Fee for Market Data

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from NYSE American LLC regarding amendments to its Equities Proprietary Market Data Fees. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - NYSE American LLC (primary OEM) - Nasdaq Stock Market LLC (Nasdaq) - Cboe Exchange, Inc. (including BZX, BYX, EDGA, EDGX) - New York Stock Exchange LLC (NYSE) - NYSE Arca, Inc. (NYSE Arca) - Products/Services Requested: - NYSE American BBO Digital Media Enterprise Fee - Subscription service for redistribution of real-time best-bid-and-offer data for all NYSE American securities - Unlimited redistribution via television, websites, and mobile devices for informational, non-trading purposes - Fee: $5,000 per month - NYSE American Trades Digital Media Enterprise Fee - Subscription service for redistribution of real-time last sale data - Unlimited redistribution for informational, non-trading purposes - Unique or Notable Requirements: - Fee-based enterprise license allows unlimited distribution to users for non-trading, informational purposes - Designed to enhance market transparency and competition - No specific purchase quantities or part numbers; applies to subscription services - Aligns NYSE American's offerings with similar products from Nasdaq and Cboe - Place of Performance/Delivery: - SEC headquarters, Washington, DC - NYSE American LLC principal office

Description

This notice announces that NYSE American LLC has filed a proposed rule change with the Securities and Exchange Commission to amend its equities proprietary market data fees. The amendment establishes a new Digital Media Enterprise Fee of $5,000 per month for the NYSE American BBO (Best Bid and Offer) data product, allowing vendors and media to distribute real-time bid and offer information for non-trading purposes across digital platforms. The change aims to increase market transparency and respond to customer demand for broader access to market data.

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