Search Results for keywords:"market regulation"

Found 8 results

Search Results: keywords:"market regulation"

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  • 2025-03074 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Amend Options 4, Section 3, Criteria for Underlying Securities
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    Type:Notice
    Citation:90 FR 10740
    Reading Time:about 23 minutes

    Nasdaq ISE, LLC has proposed a change to its rules to allow the listing and trading of options on Commodity-Based Trust Shares. These shares are tied to commodities and cash held in a trust, such as gold or bitcoin, and the proposed rule would enable options on these shares to be traded similarly to other Exchange-Traded Funds (ETFs). The Securities and Exchange Commission (SEC) is currently seeking public comments on this proposal to ensure it aligns with existing securities laws and promotes a fair and open market. The change is intended to provide investors with more options for managing risk in a transparent and regulated market.

    Simple Explanation

    Nasdaq wants to make new rules so people can trade special kinds of "options" on things like gold or bitcoin, similar to how they trade other funds. The SEC is checking to make sure these new rules are fair and safe for everyone.

  • 2021-03341 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Order Granting Approval of a Proposed Rule Change To Utilize the FIX Protocol To Submit Orders to BX's Price Improvement Auction Mechanism
    Type:Notice
    Citation:86 FR 10363
    Reading Time:about 11 minutes

    Nasdaq BX, Inc. proposed a rule change that has been approved by the Securities and Exchange Commission to allow its participants to use the Financial Information eXchange (FIX) protocol in the Price Improvement Auction (PRISM) mechanism. This change lets BX Participants submit orders electronically while soliciting responses for initiating orders through a Request for PRISM, with interested recipients responding within a set period. The proposal aims to enhance the process of pairing orders by broadening the number of participants, improving price efficiency, and maintaining anonymity among traders. The rule is designed to prevent the misuse of non-public information and aims to align with fair trading practices.

    Simple Explanation

    Nasdaq BX, a stock exchange, is using a special computer language called FIX to make trading faster and fairer by letting more people join in bidding for stocks while keeping their identities secret. This change also has special rules to make sure everyone plays by the same rules and that no one uses secret information to cheat.

  • 2020-29215 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Adopt Proposed Rule 6439 (Requirements for Member Inter-Dealer Quotation Systems) and Rescind the Rules Related to the OTC Bulletin Board Service
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    Type:Notice
    Citation:86 FR 653
    Reading Time:about 25 minutes

    The Financial Industry Regulatory Authority, Inc. (FINRA) intends to rescind rules related to its OTC Bulletin Board Service due to its decline in usage and replace them with stricter standards for member-operated systems that update real-time quotations for over-the-counter equity securities. The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove this proposed rule change and invites public comments to ensure it meets legal standards aimed at preventing fraud and ensuring fair trading. Proposed changes include establishing policies to ensure reliable and accurate quotation dissemination and fair access to quoting services, among other responsibilities for member inter-dealer quotation systems.

    Simple Explanation

    The people who help watch over stock trading are thinking about changing some old rules to make sure everyone plays fair when buying and selling certain types of stocks that don't get traded on big places like the New York Stock Exchange. They want to hear what others think about how these changes might make buying and selling stocks better or harder.

  • 2025-06663 — Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt New York Stock Exchange Rule 4530
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    Type:Notice
    Citation:90 FR 16580
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) announced a proposed rule change by NYSE Texas to adopt NYSE Rule 4530 with minor modifications. This rule requires detailed reporting on events like statutory disqualifications and customer complaints for better regulatory oversight. The new rule aligns NYSE Texas with the NYSE and FINRA's requirements, improving consistency and easing compliance for firms already following similar protocols. The SEC is seeking public comments on this proposal, emphasizing the importance of transparency and effective market regulation.

    Simple Explanation

    The SEC is talking about a new rule that NYSE Texas wants to introduce. This rule means when something important or bad happens, like someone breaking a rule or getting in trouble, they have to tell the people in charge in a special way, so everyone stays safe and fair.

  • 2025-04156 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 19.5 (Series of Options Contracts Open for Trading) Relating to the $1 Strike Price Program
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    Type:Notice
    Citation:90 FR 12428
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) has announced that MEMX LLC has filed a proposed rule change to amend its Rule 19.5 concerning options trading. This change aims to align MEMX’s rules with other national securities exchanges regarding the $1 Strike Price Program. The SEC has allowed this rule change to take effect immediately to avoid confusion among traders and because it poses no new regulatory issues. The public is invited to comment on the proposed rule change by April 7, 2025.

    Simple Explanation

    MEMX LLC wants to change a rule about how options can be priced to match what other exchanges are doing, and the government said it's okay right away. They want to make sure traders don't get confused, and anyone can share their thoughts about this change until April 7, 2025.

  • 2025-06413 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of a Proposed Rule Change To List and Trade Shares of Grayscale Avalanche Trust (AVAX) Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)
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    Type:Notice
    Citation:90 FR 16022
    Reading Time:about 73 minutes

    The Securities and Exchange Commission has announced a proposed rule change to allow Nasdaq to list and trade shares from the Grayscale Avalanche Trust (AVAX) under its rules for Commodity-Based Trust Shares. These shares will let investors indirectly invest in AVAX, a cryptocurrency from the Avalanche Network, similar to how they might invest in other commodities like gold. The Trust will not be actively managed, and the value of its shares will reflect the value of the AVAX it holds, minus associated expenses. The proposal also includes measures to prevent fraud and manipulation, despite AVAX's market not being primarily regulated.

    Simple Explanation

    Imagine a new way for people to put their money into a special kind of pretend money called AVAX, which is like a game token used online. The plan is for these tokens to be turned into little pieces that people can buy and sell on a big trading floor called Nasdaq, just like trading collectible cards but with grown-up money. This idea is still being checked to make sure it's fair and safe for everyone.

  • 2024-30685 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify the Package of Complimentary Services Provided to Certain Eligible Switches and To Modify the Definition of an Eligible Switch
    Type:Notice
    Citation:89 FR 105160
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is considering a proposed rule change by The Nasdaq Stock Market LLC. This change involves modifying the package of complimentary services for certain "Eligible Switches" and redefining what qualifies as an Eligible Switch. The SEC extended the period within which they must decide on this proposed rule change to allow more time for thorough consideration. They have set a new deadline of February 3, 2025, to either approve, disapprove, or continue evaluating whether to disapprove the rule change.

    Simple Explanation

    The people who make rules for a big stock exchange want to change some rules about who gets free goodies and what those goodies are, but they need more time to think about it, so they will decide by February 3, 2025.

  • 2024-28111 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Exchange Rule 19.3
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    Type:Notice
    Citation:89 FR 95284
    Reading Time:about 56 minutes

    The Cboe EDGX Exchange, Inc. proposed a rule change to allow options trading on Bitcoin-backed funds, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. These Bitcoin-based exchange-traded funds (ETFs) provide investors exposure to Bitcoin's performance without owning the cryptocurrency directly. The rule change aims to align with existing options trading standards on the Exchange and ensure that proper safeguards are in place to detect market abuses. The Securities and Exchange Commission is seeking public comments on this proposal.

    Simple Explanation

    The document is about a plan to let people trade options on special funds that are linked to Bitcoin, like pretend shares of Bitcoin. This change is supposed to make sure everything is fair and safe, but it's a complicated idea that the government wants people to think about and comment on.