Search Results for keywords:"market disruptions"

The Cboe Exchange, Inc. has proposed a rule change, now immediately effective, to amend Rule 5.24, which deals with business continuity and disaster recovery plans. The change is primarily aimed at ensuring the exchange can transition smoothly to an all-electronic trading environment if their physical trading floor becomes inoperable, like during the COVID-19 pandemic. By extending the temporary rules to June 30, 2021, the Cboe Exchange hopes to maintain a fair and orderly market during such disruptions. The rule also allows for the potential use of a virtual trading floor if the physical one becomes unusable, ensuring continuity in trading practices.

The Securities and Exchange Commission (SEC) is seeking public comments on a proposed amendment to the Joint Self-Regulatory Organization Plan related to Nasdaq-listed securities. This amendment, known as the Fiftieth Amendment, aims to standardize the process for declaring regulatory halts in trading, ensuring that such decisions are made by the primary listing market. The goal is to maintain a fair and orderly market during disruptions, such as system outages or unusual market activity. Interested parties can submit comments until March 22, 2021.

The Securities and Exchange Commission (SEC) announced proposed changes to the Consolidated Tape Association (CTA) and Consolidated Quotation (CQ) Plans on regulatory and operational halts in trading. These changes, outlined in the Thirty-Sixth Amendment to the CTA Plan and the Twenty-Seventh Amendment to the CQ Plan, aim to give the Primary Listing Market the authority to declare trading halts during issues like system outages or significant market disruptions. The SEC is seeking public comments on these proposed revisions. The proposed amendments ensure trading resumes in a fair manner after any disruptive events.

The Department of Labor is proposing to extend the effective periods for exemptions involving the Royal Bank of Canada and Northern Trust to prevent a gap in exemptive relief, which would be detrimental to affected clients and their participants. If approved, this extension will last until either September 4, 2025, or until the Department makes a final decision regarding long-term exemptions, whichever occurs first. Both banks' exemptions relate to past convictions for aiding and abetting tax fraud, but they will still be allowed to operate under strict conditions if they meet the required terms. Public comments and requests for a hearing regarding these proposed amendments must be submitted by February 26, 2025.

The Commodity Futures Trading Commission (CFTC) has finalized new rules to manage risks associated with electronic trading on designated contract markets (DCMs). These rules require DCMs to adopt measures to prevent, detect, and mitigate market disruptions or anomalies that might occur due to electronic trading. The regulations emphasize flexibility by allowing each DCM to tailor their risk controls based on their specific market needs. This approach aims to ensure stable and fair trading environments on electronic platforms.