Search Results for citation:"90 FR 12881"

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Search Results: citation:"90 FR 12881"

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  • 2025-04519 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Fee Schedule To Adopt New Fee Categories for the Exchange's Proprietary Market Data Feeds
    Type:Notice
    Citation:90 FR 12881
    Reading Time:about 3 minutes

    The Securities and Exchange Commission announced that MIAX PEARL, LLC has filed a proposed rule change regarding its options trading fee schedule. This change includes introducing new categories of fees for the exchange's proprietary market data feeds, known as the Top of Market (ToM) feed and the Liquidity Feed (PLF). Interested parties are invited to comment on this proposal by April 9, 2025. The proposed rule change is available online on the MIAX Pearl website and the SEC's website.

    Simple Explanation

    MIAX PEARL, which is a place where people trade items like stocks, wants to change how they charge people to see certain special information about the trades that happen there. They have made a plan to add some new types of fees, and they're asking people what they think about this plan before they finish it.

  • 2025-04509 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To List and Trade Shares of the Franklin XRP Fund Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
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    Type:Notice
    Citation:90 FR 12881
    Reading Time:about 51 minutes

    The Securities and Exchange Commission (SEC) announced that Cboe BZX Exchange, Inc. has proposed a rule change to allow the listing and trading of shares in the Franklin XRP Fund under a specific rule for Commodity-Based Trust Shares. This fund, known as the Franklin XRP ETF, intends to offer investors a way to gain exposure to XRP, a digital asset, in a regulated exchange-traded format, and it highlights measures to ensure protection against fraud and market manipulation. The proposal argues that XRP's market characteristics make it resistant to manipulation, thus meriting exemption from certain regulatory agreements. Public comments on this proposal are being solicited and will be reviewed by the SEC before making any final decisions.

    Simple Explanation

    The SEC is thinking about letting a big company list a new type of investment, called the Franklin XRP Fund, so people can invest in a digital coin named XRP like they do with stocks. They want to make sure it's safe and fair, and they are asking people what they think before deciding.