NYSE National Fee and Connectivity Rule Changes
Summary
NYSE National has filed proposed rule changes with the SEC regarding amendments to its connectivity fee schedule and schedule of fees and rebates. These changes affect fees related to third-party systems and data feeds, as well as the definition of Round Lot under Regulation NMS.
What changed
The Securities and Exchange Commission (SEC) has received multiple proposed rule changes from NYSE National, Inc. (NYSENAT) concerning amendments to its fee schedules and rebates. These filings, identified by release numbers 34-104948, 34-104777, 34-104771, 34-104635, and 34-104326, primarily address connectivity fees for third-party systems and data feeds, and updates to the Schedule of Fees and Rebates. One filing (34-104326) specifically aims to align Rule 7.5 with the definition of Round Lot under Regulation NMS.
These proposed rule changes are filed for immediate effectiveness, meaning they are in effect upon filing unless the SEC objects. However, a comment period is provided for each filing, with deadlines ranging from February 13, 2026, to April 2, 2026. Regulated entities, particularly broker-dealers and market participants utilizing NYSE National's connectivity services, should review the specific fee adjustments and rebate changes to understand any potential cost implications. Compliance officers should monitor the SEC's review process and consider submitting comments if the proposed changes raise concerns.
What to do next
- Review proposed rule changes for impact on connectivity fees and rebates.
- Monitor SEC review and consider submitting comments by the specified deadlines.
- Update internal cost models based on fee schedule amendments.
Source document (simplified)
National Securities Exchanges - All Years
We encourage the public to submit comments on the following filings during the comment period. For detailed instructions, please read How to Submit Comments. We strongly encourage you to send your comments electronically. They will be posted on this website.
Release data on this page may be delayed by 15 minutes. For real-time release data, please visit National Securities Exchanges - Current.
SRO Organization Title Release Number File Number Year Month
| Release Number | SEC Issue Date | File Number | SRO Organization | Details |
| --- | --- | --- | --- | --- |
| 34-104948 | Mar 9, 2026 | SR-NYSENAT-2026-04 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend the Connectivity Fee Schedule Related to Connectivity to Third Party Systems and Third Party Data Feeds
Comments Due: April 2, 2026
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2026-04 |
| 34-104777 | Feb 6, 2026 | SR-NYSENAT-2026-02 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Connectivity Fee Schedule
Comments Due: March 4, 2026
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2026-02 |
| 34-104771 | Feb 5, 2026 | SR-NYSENAT-2026-03 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the NYSE National Schedule of Fees and Rebates
Comments Due: March 3, 2026
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2026-03 |
| 34-104635 | Jan 20, 2026 | SR-NYSENAT-2026-01 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Its Schedule of Fees and Rebates
Comments Due: February 13, 2026
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2026-01 |
| 34-104326 | Dec 5, 2025 | SR-NYSENAT-2025-25 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend Rule 7.5 to Reflect the Definition of Round Lot Under Regulation NMS
Comments Due: December 31, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-25 |
| 34-104324 | Dec 5, 2025 | SR-NYSENAT-2025-26 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Rule 6.6800 Series
Comments Due: December 31, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-26 |
| 34-104244 | Nov 24, 2025 | SR-NYSENAT-2025-24 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Its Schedule of Fees and Rebates
Comments Due: December 19, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-24 |
| 34-104127 | Sep 29, 2025 | SR-NYSENAT-2025-22 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Ordering Window Deposit Requirement in Colocation Note 8
Comments Due: October 22, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-22 |
| 34-104064 | Sep 25, 2025 | SR-NYSENAT-2025-23 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Various Port Fees in the Connectivity Fee Schedule
Comments Due: October 21, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-23 |
| 34-103923 | Sep 9, 2025 | SR-NYSENAT-2025-21 | NYSE National, Inc. (NYSENAT) | Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Rule 6.6800 Series
Comments Due: October 3, 2025
See Also - Exhibit 5
Submit a Comment on SR-NYSENAT-2025-21 |
Displaying 1 - 10 of 284
CFR references
Named provisions
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Securities & Markets alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when SEC SRO Rulemaking publishes new changes.