Search Results for keywords:"Rule Change"

The Securities and Exchange Commission (SEC) is considering a proposed rule change filed by BOX Exchange LLC. This change involves amendments to BOX Rule 7620, which would allow Floor Brokers to enter opening cabinet orders on behalf of customers and floor market makers, and clarify that these orders will execute in open outcry. Although the proposed rule was published for comment, the SEC received no responses. To ensure a thorough evaluation, the SEC is extending the decision period until March 30, 2021, to determine whether to approve or disapprove the proposal.

Nasdaq MRX, LLC filed a new rule change with the Securities and Exchange Commission (SEC) to amend its pricing schedule concerning options trading. The proposed changes include adopting new rebates for Penny Symbol Makers, adjusting fees for Penny Symbol Takers, removing discounts on those fees, and changing the volume requirements for qualifying tiers. The SEC is inviting public comments on these changes until March 13, 2025, and the amendments are designed to take effect immediately. This notice ensures transparency and compliance with regulatory processes.

The Securities and Exchange Commission has published a notice regarding a proposed rule change by The Depository Trust Company (DTC) related to money market instruments. DTC aims to streamline the securities eligibility process by moving the processing of money market instruments to a more modern system, updating rules, consolidating provisions, and reducing paperwork requirements. The proposed changes are meant to make the process more efficient, simplifying the requirements for participants and issuers. This proposal is designed to enhance the overall processing and settlement of securities transactions.

The Cboe Exchange, Inc. has proposed a change to their Rules 8.16 and 9.2, aiming to align their supervisory reporting process for Trading Permit Holders with the standards set by FINRA and NYSE. The Securities and Exchange Commission (SEC) published this notice to gather feedback from the public. The change is effective immediately as the SEC waived the typical 30-day delay, believing it will ease the annual reporting procedures for members who are also involved with NYSE and/or FINRA. Interested parties are invited to submit their comments, with a deadline for submissions set for April 8, 2025.

The Securities and Exchange Commission has approved a new rule change proposed by Cboe Exchange, Inc. to broaden the types of complex orders available for trading Flexible Exchange Options (FLEX). Previously, investors could only trade FLEX Options in separate orders if they included both FLEX and non-FLEX securities. The updated rule allows for a new type of complex order, called "FLEX v. Non-FLEX Order," which combines FLEX and non-FLEX components within the same order. This approval is designed to streamline trading by reducing price and legging risks, thereby offering more flexibility and efficiency in managing investment strategies.

The Securities and Exchange Commission (SEC) announced that NYSE National, Inc. filed a proposed rule change to establish fees for industry members in 2025. This change is related to the costs of the National Market System Plan for the Consolidated Audit Trail (CAT) and involves setting a fee of $0.000022 per executed share, known as CAT Fee 2025-1. The fee is expected to be in effect for six months and aims to cover about half of the anticipated CAT costs for 2025. Public comments on this proposal are invited and should be submitted by January 31, 2025.

Cboe EDGA Exchange, Inc. has proposed a change to its fee schedule to introduce charges for the use of Dedicated Cores, which are CPU cores dedicated to specific users, providing reduced latency and improved performance. The new fee structure allows users up to two free Dedicated Cores, with additional fees for more: $650 per core for 3-10 cores, $850 per core for 11-15 cores, and $1,050 per core for 16 or more cores. This proposal aims to balance demand with physical space limitations in their data centers, and it remains an optional service for users. The Securities and Exchange Commission invites public comments on this rule change.

The Securities and Exchange Commission (SEC) has announced that on February 27, 2025, NYSE Arca, Inc. filed a proposed rule change to amend its Connectivity Fee Schedule. The change reflects the renaming of NYSE Chicago, Inc. to NYSE Texas, Inc. This proposal has been designated for immediate effectiveness, meaning it does not significantly affect investor protection or competition and will take effect immediately to align with a related rule change by NYSE Chicago. The SEC is inviting public comments on this proposal to ensure it is consistent with existing regulations.

MIAX Emerald, LLC has proposed a rule change to amend its Fee Schedule to establish a new fee, called CAT Fee 2025-1, related to the Consolidated Audit Trail (CAT) for 2025. This fee is set at $0.000022 per executed equivalent share and aims to cover half of the budgeted costs for the CAT in 2025. The proposal, filed with the Securities and Exchange Commission (SEC), is effective immediately, and the SEC is inviting public comments on this change before February 6, 2025. CAT Fee 2025-1 replaces the previous CAT Fee 2024-1, which was set at a higher rate.

The Cboe BYX Exchange, Inc. has proposed a rule change to increase the monthly fees for 10 Gb physical ports, which was submitted to the Securities and Exchange Commission (SEC) on February 14, 2025. The proposal has been designated for immediate effectiveness, allowing it to take effect quickly, but is open for public comments until March 19, 2025. Interested parties can submit their comments through the SEC's website or by email. The SEC will review all feedback and decide whether to approve or disapprove the rule change based on public interest and investor protection.