Search Results for keywords:"Proprietary Products"

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Search Results: keywords:"Proprietary Products"

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  • 2025-02752 — Self-Regulatory Organizations; Miami International Securities Exchange, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Related to the Removal of SPIKES Options
    Type:Notice
    Citation:90 FR 9940
    Reading Time:about 3 minutes

    The Miami International Securities Exchange, LLC has filed a proposed rule change with the Securities and Exchange Commission, effective immediately. This change aims to amend the fee schedule by removing transaction fees and rebates for SPIKES options, eliminating the SPIKES Options Market Maker Incentive Program, and deleting certain references to Proprietary Products. The modifications are set to take effect on February 1, 2025. Public comments on the proposal are invited, with a submission deadline of March 12, 2025.

    Simple Explanation

    The Miami International Securities Exchange changed some rules so people won't pay fees or get rewards when trading a specific type of option called "SPIKES." This change starts on February 1, 2025, and people can send in their thoughts about it until March 12, 2025.

  • 2020-29134 — Self-Regulatory Organizations; Miami International Securities Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule
    💰
    Type:Notice
    Citation:86 FR 327
    Reading Time:about 25 minutes

    The Miami International Securities Exchange LLC (MIAX Options) has proposed changes to its fee schedule to extend the waiver for certain non-transaction fees applicable to Market Makers trading solely in Proprietary Products, including options on the SPIKES Index, until March 31, 2021. The fees waived include Membership Application fees, Trading Permit fees, API Testing and Certification fees, and MEI Port fees. The aim of these waivers is to encourage Market Makers to trade these Proprietary Products, thereby increasing market liquidity. The Securities and Exchange Commission (SEC) has published this notice to solicit comments from the public on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange is letting some traders skip paying certain fees until the end of March 2021 to help them trade special products more easily and make the market busier. However, some people might think it's unfair because not everyone gets these fee breaks.