Search Results for keywords:"financial markets"

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Search Results: keywords:"financial markets"

  • Type:Notice
    Citation:86 FR 10378
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from Cboe Exchange, Inc.. This rule change seeks to introduce Qualified Contingent Cross Orders for FLEX option trading. The SEC has extended its deadline to make a decision on whether to approve or disapprove the proposal until April 17, 2021. This extension allows the SEC more time to consider the proposal in detail, particularly after Cboe Exchange submitted two amendments modifying the original rule change.

    Simple Explanation

    The SEC is taking more time to decide on a rule change from Cboe Exchange that would help a type of trading order called Qualified Contingent Cross Orders be used in a special kind of options trading. They're thinking things through carefully and will decide by April 17, 2021.

  • Type:Notice
    Citation:86 FR 8346
    Reading Time:about 2 minutes

    The Commodity Futures Trading Commission (CFTC) will hold a public meeting of the Market Risk Advisory Committee (MRAC) on February 23, 2021. This meeting, conducted via teleconference, will focus on reports from MRAC's subcommittees and discussions on diversity, equity, and inclusion in financial markets. Members of the public can listen to the meeting by phone and submit comments online through the CFTC website. Submissions related to the meeting will also be made available on the CFTC's website.

    Simple Explanation

    The Commodity Futures Trading Commission will have a phone meeting to talk about important topics like market risks and fairness in trading. People can listen by phone and share their thoughts online.

  • Type:Notice
    Citation:86 FR 2740
    Reading Time:about a minute or two

    The Treasury Department announced a meeting of the Treasury Borrowing Advisory Committee from the Securities Industry and Financial Markets Association, scheduled for February 2, 2021, via conference call. During this closed meeting, the Treasury will seek advice from the committee on issues related to the economy, financial markets, and debt management. The meeting is closed to the public to allow for open and frank discussions, and premature disclosure could lead to financial speculation. Fred Pietrangeli, the Director for the Office of Debt Management, can be contacted for more information.

    Simple Explanation

    The Treasury Department is having a private meeting with money experts on February 2, 2021, to talk about the economy and debt without anyone else listening in, so they can speak openly without fear of people using the information to make extra money.

  • Type:Notice
    Citation:90 FR 12859
    Reading Time:about 31 minutes

    The Securities and Exchange Commission (SEC) has received a proposed rule change from MIAX Sapphire, LLC. This rule change aims to allow the listing and trading of options on Commodity-Based Trust Shares, which are financial products that represent interests in a trust holding commodities like gold, silver, or cryptocurrencies. The proposal is similar to filings by other exchanges, and the SEC is now inviting public comments on it. If approved, this change could make it easier and faster for these options to become available on the market, offering investors new ways to manage risks associated with commodities.

    Simple Explanation

    The government is looking at a new idea from a company called MIAX Sapphire, which wants to make it easier for people to buy and sell special bets on items like gold or digital money. They're asking people if they think this is a good idea.

  • Type:Notice
    Citation:90 FR 10545
    Reading Time:about 79 minutes

    On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.

    Simple Explanation

    Nasdaq wants to create a new way for people to invest in bitcoin by letting them use special bets, called options, that pay money based on how bitcoin's price changes. They ask everyone to share their thoughts on this plan before it gets officially accepted.

  • Type:Notice
    Citation:89 FR 105118
    Reading Time:about a minute or two

    The Securities and Exchange Commission is considering a rule change proposed by the Cboe BZX Exchange, Inc. to allow the generic listing and trading of multi-class ETF shares. This proposal was submitted on November 8, 2024, and made available for public comment on November 25, 2024. Usually, the Commission has 45 days to act on such proposals, but they have decided to extend this period to ensure they have enough time to review and address any issues. The new deadline for the Commission's decision is now set for February 23, 2025.

    Simple Explanation

    The SEC (a group that helps keep money and trading fair) is thinking about a new idea from the Cboe BZX Exchange, which is like a big store for trading things called ETFs, to let them sell more kinds of these trading shares. They need more time, until February 23, 2025, to make sure they do it right.

  • Type:Notice
    Citation:89 FR 101654
    Reading Time:about 57 minutes

    The Securities and Exchange Commission (SEC) is considering a proposal from NYSE Arca, Inc., to list and trade shares of a new exchange-traded fund (ETF), which will hold bitcoin and ether, the two most popular cryptocurrencies. Known as the Bitwise Bitcoin and Ethereum ETF, this fund aims to reflect the value of bitcoin and ether based on daily price benchmarks, with the goal of giving investors exposure to these cryptocurrencies without directly owning them. The SEC invites public comments on this proposal as part of its evaluation process.

    Simple Explanation

    The SEC is thinking about a plan to let people buy and sell a special kind of stock that is linked to the value of Bitcoin and Ethereum without actually owning those digital coins. This means folks can invest in these cryptocurrencies like they do in regular stocks.

  • Type:Notice
    Citation:86 FR 8015
    Reading Time:about 6 minutes

    The Board of Governors of the Federal Reserve System has announced a proposal to extend the Senior Financial Officer Surveys for three more years without changes. This data collection helps the Board gather information on financial markets and services from large banks. They are seeking public feedback on whether this information collection is necessary, its burden on respondents, and possible improvements. The feedback will help the Board decide if any modifications to the proposal are needed.

    Simple Explanation

    The Federal Reserve wants to keep asking big banks questions for three more years to understand how money works, and they're asking people if this is a good idea or if it makes things too hard for the banks. They're also making sure people's answers can stay secret, but some folks think they need to explain why this is important and how it helps everyone a little better.

  • Type:Notice
    Citation:90 FR 13949
    Reading Time:about 19 minutes

    The Cboe BZX Exchange, Inc. proposed changes to extend their Early Trading Session hours. The new hours will be from 4:00 a.m. to 8:00 a.m. Eastern Time, extending from the previous start time of 7:00 a.m. They also plan to allow orders to be accepted from 2:30 a.m. to 4:00 a.m., providing users more time to enter their orders for the early session. This change aims to provide traders with more opportunities to access liquidity early in the day, in line with similar sessions on other exchanges.

    Simple Explanation

    The Cboe BZX Exchange wants to start their early morning trading an hour earlier at 4 a.m. instead of 7 a.m., so traders have more time to buy and sell stocks before most people wake up. They're also letting people set up their trades even earlier, starting at 2:30 a.m.

  • Type:Notice
    Citation:90 FR 2048
    Reading Time:about 4 minutes

    Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its fees for ports used in the BX Options 7, Section 3, specifically for the Specialized Quote Feed (SQF) and SQF Purge Ports. The change will take effect immediately as of December 20, 2024, but the new pricing will be officially operative starting January 1, 2025. The SEC invites the public to submit comments regarding whether this proposed rule is consistent with the Securities Exchange Act of 1934. All the relevant documents and details about the change are available on both the Nasdaq and SEC websites.

    Simple Explanation

    Nasdaq BX wants to charge more money from people who use their special computer connections to trade faster, and they told the government they're doing it. They want people to tell them if they think charging more is fair, but they didn't say how much more it will cost.

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