Search Results for keywords:"liquidity provision"

The Securities and Exchange Commission (SEC) is considering whether to approve or reject a proposed rule change by NYSE Arca, Inc. This proposal aims to replace the current Discretionary Pegged Order (DPO) with a new Selective Midpoint (SeMi) Order, which uses machine learning to determine market instability and adapt trading patterns accordingly. Additionally, the SeMi Orders can be designed to provide liquidity under certain conditions, a feature not available with DPOs. The SEC has opened a period for public comments to help assess if the proposal aligns with relevant financial regulations and fair trading practices.

The Nasdaq Stock Market LLC is proposing to change the credits they offer for certain stock transactions. Currently, there's a credit of $0.0030 per share for members providing substantial liquidity, but Nasdaq wants to add a new, slightly lower credit of $0.00295 per share for members meeting less strict volume requirements. This is meant to encourage more trading activity and improve the quality of the market by providing incentives for adding liquidity, especially in securities not listed on Nasdaq or NYSE. The changes are designed to be competitive and fair, with the understanding that participants dissatisfied with the credits can choose to trade elsewhere.

The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.

Cboe EDGX Exchange, Inc. has proposed a rule change to allow users to choose when their orders become eligible for execution during the Early Trading Session. This change will enable users to designate their orders to start at 7:00 a.m. Eastern Time, aligning with the trading practices of other exchanges. The proposal aims to provide users with greater control over their orders and enhance their trading opportunities without modifying the current trading session hours. The Securities and Exchange Commission is inviting public comments on this proposal.

This document is a notice from the Securities and Exchange Commission regarding a proposed change by NYSE American LLC to their transaction fees and credits on the NYSE American Equities Price List. The proposed changes involve amending the fees for Electronic Designated Market Makers (eDMMs) who agree to certain conditions for providing liquidity in assigned securities. To encourage more quoting and liquidity provision, the Exchange is offering a new higher monthly rebate of $1,250 per assigned security for eDMMs meeting specific quoting thresholds. The Commission is seeking public comments on these changes, which are intended to make the marketplace more competitive by attracting more order flow.