Submission for OMB Review; Comment Request; Extension: Regulation BTR; Correction, 360 [2024-31577]
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Federal Register / Vol. 90, No. 2 / Friday, January 3, 2025 / Notices
proposed rule change as described in
Items I, II, and III below, which Items
have been prepared by the selfregulatory organization. The
Commission is publishing this notice to
solicit comments on the proposed rule
change from interested persons.
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–521, OMB Control No.
3235–0579]
Submission for OMB Review;
Comment Request; Extension:
Regulation BTR; Correction
Securities and Exchange
Commission. ACTION: Notice;
correction.
SUMMARY: The Securities and Exchange
Commission published a notice
document in the Federal Register on
December 27, 2024, concerning a
Submission for OMB Review; Comment
Request; Extension: Regulation BTR.
The document contained a
typographical error.
FOR FURTHER INFORMATION CONTACT:
Naomi P. Lewis, Securities and
Exchange Commission, 100 F Street NE,
Washington, DC 20549, (202) 551–5400.
SUPPLEMENTARY INFORMATION:
AGENCY:
Correction
In the Federal Register of December
27, 2024, in FR Doc. 2024–30768, at 89
FR 105665, in the first column, in the
last paragraph, on the 51st and 52nd
lines, the reference to ‘‘https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202412-3235022’’ should be replaced with ‘‘https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=202412-3235023’’.
Dated: December 30, 2024.
Stephanie J. Fouse,
Assistant Secretary.
[FR Doc. 2024–31577 Filed 1–2–25; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–102042; File No. SR–
NYSEAMER–2024–80]
Self-Regulatory Organizations; NYSE
American LLC; Notice of Filing of
Proposed Change To Amend the
Connectivity Fee Schedule
lotter on DSK11XQN23PROD with NOTICES1
December 27, 2024.
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 December
17, 2024, NYSE American LLC (‘‘NYSE
American’’ or ‘‘Exchange’’) filed with
the Securities and Exchange
Commission (‘‘Commission’’) the
1 15
U.S.C. 78s(b)(1).
U.S.C. 78a.
3 17 CFR 240.19b–4.
2 15
VerDate Sep<11>2014
18:01 Jan 02, 2025
Jkt 265001
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’’) to add connectivity to the
New York Stock Exchange LLC, NYSE
American, and NYSE Arca, Inc. trading
floors. The proposed rule change is
available on the Exchange’s website at
www.nyse.com, at the principal office of
the Exchange, and at the Commission’s
Public Reference Room.
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 the
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend the
Fee Schedule to add connectivity to the
New York Stock Exchange LLC, NYSE
American, and NYSE Arca, Inc. trading
floors (‘‘Trading Floors’’).
A User 4 may wish to have a
connection between the Mahwah, New
Jersey data center (‘‘MDC’’) 5 and a
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 Chicago, 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. See
SR–NYSE–2024–81, SR–NYSEARCA–2024–113,
SR–NYSECHX–2024–37, and SR–NYSENAT–2024–
33.
5 Through its Fixed Income and Data Services
(‘‘FIDS’’) business, Intercontinental Exchange, Inc.
PO 00000
Frm 00060
Fmt 4703
Sfmt 4703
Trading Floor. A connection between
the MDC and a Trading Floor may be
between the User and itself or between
the User and a third party. The User
may use such connection for receiving
and transmitting trading-related data
(including pre- and post-trade data and
clearing information) or providing
services to individuals physically
located on the floor (including access to
back-office systems), as determined by
the User.
The Exchange proposes to add an
option for such a connection to the Fee
Schedule. Specifically, the Exchange
proposes to amend the Fee Schedule to
add unicast connections through which
a User can establish a connection
between the MDC and a Trading Floor
over dedicated bandwidth (‘‘TF
Connections’’).6 Presently, a TF
Connection can be in the form of a
virtual control circuit between the MDC
and a single Trading Floor (‘‘TF VCC’’),
or a virtual routing and forwarding
service between the MDC and one or
more Trading Floors (‘‘TF VRF’’). A TF
Connection may be used for any
purpose: neither FIDS nor the Exchange
has any visibility into a TF Connection.
All TF Connections must be
authorized by both parties to the
connection before FIDS will establish a
connection. Establishing a User’s TF
Connection will not give FIDS or the
Exchange any right to use the relevant
exchange’s system. A TF Connection
will not provide direct access or order
entry to the Exchange’s execution
system, and a User’s TF Connection will
not be through the Exchange’s execution
system.
TF Connections are offered at a
monthly fee based on bandwidth
requirements, which fee is consistent
with the monthly fees charged for VCC
connections and the same as those
charged for connectivity to Third Party
Systems.7 When a User requests a TF
Connection, it identifies the size of
bandwidth connection it requires, and
the monthly charge for the TF
Connection varies based on the size of
the bandwidth. The calculation of the
monthly fee may differ based on
whether the form chosen by the User is
a TF VCC or TF VRF. This is because
the TF VCC connects the MDC to one
(‘‘ICE’’) operates the MDC. The Exchange and the
Affiliate SROs are indirect subsidiaries of ICE.
6 Information flows over existing network
connections in two formats: ‘‘unicast’’ format,
which is a format that allows one-to-one
communication, similar to a phone line, in which
information is sent to and from the Exchange; and
‘‘multicast’’ format, which is a format in which
information is sent one-way from the Exchange to
multiple recipients at once, like a radio broadcast.
7 See Connectivity Fee Schedule—A. Co-Location
Fees.
E:\FR\FM\03JAN1.SGM
03JAN1
Agencies
[Federal Register Volume 90, Number 2 (Friday, January 3, 2025)]
[Notices]
[Page 360]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31577]
[[Page 360]]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-521, OMB Control No. 3235-0579]
Submission for OMB Review; Comment Request; Extension: Regulation
BTR; Correction
AGENCY: Securities and Exchange Commission. ACTION: Notice; correction.
SUMMARY: The Securities and Exchange Commission published a notice
document in the Federal Register on December 27, 2024, concerning a
Submission for OMB Review; Comment Request; Extension: Regulation BTR.
The document contained a typographical error.
FOR FURTHER INFORMATION CONTACT: Naomi P. Lewis, Securities and
Exchange Commission, 100 F Street NE, Washington, DC 20549, (202) 551-
5400.
SUPPLEMENTARY INFORMATION:
Correction
In the Federal Register of December 27, 2024, in FR Doc. 2024-
30768, at 89 FR 105665, in the first column, in the last paragraph, on
the 51st and 52nd lines, the reference to ``https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202412-3235-022'' should be replaced with
``https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202412-3235-023''.
Dated: December 30, 2024.
Stephanie J. Fouse,
Assistant Secretary.
[FR Doc. 2024-31577 Filed 1-2-25; 8:45 am]
BILLING CODE 8011-01-P