Federal Register #SR-NYSEArca-2026-31

SEC Notice: NYSE Arca Proposes Digital Media Enterprise Fee for Market Data

This notice from the Securities and Exchange Commission (SEC) details a proposed rule change by NYSE Arca, Inc. regarding market data fees: - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors Mentioned: - NYSE Arca, Inc. (primary OEM for the data products) - Nasdaq Stock Market LLC (Nasdaq) - Cboe Exchange, Inc. (including BZX, BYX, EDGA, and EDGX exchanges) - New York Stock Exchange LLC (NYSE) - NYSE American LLC - Products/Services Referenced: - NYSE Arca BBO Digital Media Enterprise Fee - Subscription for redistribution of NYSE Arca best-bid-and-offer data for digital media use - Fee: $20,000 per month - NYSE Arca Trades Digital Media Enterprise Fee - Subscription for redistribution of NYSE Arca last sale information for digital media use - Fee: $20,000 per month - Unique or Notable Requirements: - The new fee allows redistribution of real-time market data for informational, non-trading purposes (e.g., television, websites, mobile devices) - The rule change is intended to increase market transparency and respond to customer demand for broader access - Safeguards are in place to prevent professional trading use - The proposal aligns NYSE Arca's offerings with similar licenses from Nasdaq and Cboe - No physical products or traditional procurement quantities are requested; this is a regulatory notice regarding fee structure changes.

Description

This notice announces a proposed rule change filed by NYSE Arca, Inc. with the Securities and Exchange Commission to amend its proprietary market data fees. The amendments include establishing a new Digital Media Enterprise Fee for NYSE Arca BBO (Best Bid and Offer) data, extending this fee to existing enterprise fee subscribers, and allowing broader distribution of real-time bid and offer information for non-trading purposes such as television, websites, and mobile devices. The proposal aims to increase market transparency and respond to customer demand for wider access to market data while maintaining safeguards against professional trading use.

View original listing