Type:Notice
Citation:90 FR 12890
Reading Time:about 2 hours
The Securities and Exchange Commission published a notice about a rule change proposed by the Investors Exchange LLC (IEX). IEX wants to establish rules for trading options on a new platform called IEX Options. This platform aims to enhance risk management for market makers by introducing features like automated trading, risk controls, and a mechanism to prevent trading at outdated prices. The SEC is inviting public comments on this proposal before making a final decision.
Simple Explanation
IEX, a company that lets people buy and sell stocks, wants to start a new way to trade options, which are special kinds of stocks. The government is checking their idea to make sure it's fair and safe and is asking people what they think before deciding.