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Federal Register / Vol. 86, No. 35 / Wednesday, February 24, 2021 / Notices submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commissions Public Reference Room, 100 F Street NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the Exchange. All comments received will be posted without change.
Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SRNYSECHX202102 and should be submitted on or before March 17, 2021.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.19
J. Matthew DeLesDernier, Assistant Secretary.
FR Doc. 202103721 Filed 22321; 8:45 am
SECURITIES AND EXCHANGE
COMMISSION
Release No. 3491158; File No. SR
NYSENAT202103

Self-Regulatory Organizations; NYSE
National, Inc.; Notice of Filing of Proposed Rule Change To Establish Procedures for the Allocation of Power to Its Co-Located Users
khammond on DSKJM1Z7X2PROD with NOTICES

February 18, 2021.

Pursuant to Section 19b1 1 of the Securities Exchange Act of 1934 the Act 2 and Rule 19b4 thereunder,3
notice is hereby given that, on February 4, 2021, NYSE National, Inc. NYSE
National or the Exchange filed with the Securities and Exchange Commission the Commission the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the selfregulatory organization. The CFR 200.303a12.
U.S.C. 78sb1.
2 15 U.S.C. 78a.
3 17 CFR 240.19b4.
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I. Self-Regulatory Organizations Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to establish procedures for the allocation of power to its co-located Users. The proposed rule change is available on the Exchanges website at www.nyse.com, at the principal office of the Exchange, and at the Commissions Public Reference Room.
II. Self-Regulatory Organizations 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 Organizations Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to establish procedures for the allocation of power to its co-located 4 Users.5
Recently, the Exchange added procedures for the allocation of cabinets Existing Procedures 6 in colocation
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Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.

4 The Exchange initially filed rule changes relating to its co-location services with the Securities and Exchange Commission Commission in 2018. See Securities Exchange Act Release No. 83351 May 31, 2018, 83 FR 26314
June 6, 2018 SRNYSENAT201807. The Exchange is an indirect subsidiary of Intercontinental Exchange, Inc. ICE. Through its ICE Data Services IDS business, ICE operates a data center in Mahwah, New Jersey the data center, from which the Exchange provides colocation services to Users.
5 For purposes of the Exchanges co-location services, a User means any market participant that requests to receive co-location services directly from the Exchange. See id., at note 9. As specified in the Exchanges Price List, a User that incurs colocation fees for a particular co-location service pursuant thereto would not be subject to co-location fees for the same co-location service charged by the Exchanges affiliates New York Stock Exchange LLC, NYSE American LLC, NYSE Arca, Inc., and NYSE Chicago, Inc. together, the Affiliate SROs.
Each Affiliate SRO has submitted substantially the same proposed rule change to propose the changes described herein. See SRNYSE202112, SR
NYSEAMER202108, SRNYSEArca202111, and SRNYSECHX202102.
6 See Securities Exchange Act Release No. 90732
December 18, 2020, 85 FR 84443 December 28,
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should it become needed, which procedures are not currently being used.
In addition, Users have had an unprecedented demand for power, largely driven by the demands caused by volatile market conditions related to the COVID19 pandemic and higher than usual trading volumes. The Exchange is currently working to expand the amount of power and number of cabinets available in colocation. To complement the procedures for allocation of colocation cabinets, the Exchange believes it would be prudent to have procedures in place for the allocation of power, should such allocation be necessary. The Exchange accordingly proposes to expand the Existing Procedures to incorporate procedures for the allocation of power Proposed Procedures.
Background Users currently have two options for purchasing power. First, a User may purchase a new dedicated or partial cabinet, which comes with power. The User pays an initial fee and a monthly fee based on the number of kilowatts kW contracted for the cabinet. The dedicated cabinets have a standard power allocation of either 4 kW or 8 kW
the Standard Cabinet Power. Partial cabinets are available in increments of eight-rack units of space, and each eight-rack unit may be allocated 1 or 2
kW. The Exchange allocates cabinets on a first-come/first-serve basis.
Second, a User may request power upgrades to dedicated cabinets in addition to the Standard Cabinet Power.7 Users may request that such additional power Additional Power be allocated to a cabinet when it is first set up or later. A User with a dedicated cabinet, for example, may develop its infrastructure in a manner that allows it to expand the hardware within that cabinet by adding Additional Power.
Because it could add Additional Power to its existing cabinet, the User would not need an additional cabinet. Adding Additional Power may entail overhauling wiring, circuitry and hardware for the dedicated cabinet so that it can handle the increased power.8
The Exchange also offers cabinets that do not have power: Cabinets for which power is not utilized PNU cabinets.
2020 SRNYSE202073, SRNYSEAMER2020
66, SRNYSEArca202082, SRNYSECHX2020
26, and SRNYSENAT202028 Notice of Filings of Amendment No. 1 and Order Granting Approval of Proposed Rule Changes, Each as Modified by Amendment No. 1, Amending the Exchanges CoLocation Services To Establish Procedures for the Allocation of Cabinets to Co-Located Users if Cabinet Inventory Falls Below Certain Thresholds.
7 See 83 FR 26314, supra note 4, at 26316.
8 See id.

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