Search Results for keywords:"market volatility"

MEMX LLC, a stock exchange, has proposed a rule change to start its Pre-Market Session at 4 a.m. Eastern Time instead of the usual 7 a.m. The Securities and Exchange Commission (SEC) is considering this proposal, which is meant to align MEMX's trading hours with those of other exchanges, and has agreed to let it take effect immediately. The proposed change does not raise any new regulatory concerns, and the SEC is seeking public feedback on whether this change complies with existing laws. Interested parties have until April 1, 2025, to submit comments.

The Commodity Futures Trading Commission (CFTC) announced that the Global Markets Advisory Committee (GMAC) will hold a public meeting via teleconference on March 11, 2021, from 9:00 a.m. to 1:00 p.m. Eastern Standard Time. The committee will discuss the effects of market volatility due to the coronavirus pandemic, impacts on international central counterparties, and the global clearing ecosystem, along with retail participation in derivatives markets. Members of the public can listen to the meeting by calling a toll-free number and are invited to submit written statements by March 18, 2021. All submitted statements will be published on the CFTC's website.

The Securities and Exchange Commission is considering a proposal by NYSE National, Inc. to establish procedures for allocating power to its co-located users. As high demand for power has arisen due to market volatility, NYSE National plans to expand power capacity and make it available for users. The proposed changes include setting limits on power and cabinet purchases and implementing a waitlist if supplies run low. This aims to manage resources fairly among users and ensure everyone has a chance to access the needed power and cabinet space.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change by the Fixed Income Clearing Corporation (FICC) regarding the calculation of the "Minimum Margin Amount" for its Mortgage-Backed Securities Division (MBSD). This new calculation aims to ensure adequate collection of margin from members, especially during times of market volatility, by adjusting based on historical price movements. The SEC is seeking comments from the public to help decide whether to approve or disapprove the proposed rule change. The proceedings are being held to consider the legal and policy implications of the change and its alignment with existing financial regulations.

The Securities and Exchange Commission (SEC) is considering a proposed rule change by the Fixed Income Clearing Corporation (FICC) to introduce a "Volatility Event Charge." This charge is designed to help FICC manage and reduce its risk during periods of significant market upheaval, like major elections or economic announcements, that could cause large market movements. The proposed change is aimed at ensuring FICC has enough financial resources to protect against potential losses if a clearing member defaults during such volatile times. The SEC invites public comments on this proposal, which would add more stability to financial markets by proactively managing associated risks.

The Securities and Exchange Commission is considering a proposed rule change by the New York Stock Exchange (NYSE) that aims to amend Rule 7.35C. This change would alter the way the Auction Reference Price is determined for Core Open Auctions, aligning it with the methods used by NYSE's affiliates, NYSE Arca, and NYSE American. The modification seeks to minimize the likelihood of these auctions being subject to price collars, particularly during periods of significant market volatility. The proposed rule change has been filed and is available for public comment, with the aim of promoting a smoother operation of market openings.

The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change by NYSE Chicago, Inc. The Exchange proposes new procedures for allocating power and cabinets to co-located users due to high demand, partly driven by COVID-19-related market volatility. The proposal includes detailed rules for purchasing limits and waitlists, applicable when power or cabinet availability falls below certain thresholds. The changes aim to ensure a fair distribution of resources among users while maintaining an equitable system consistent with existing procedures.

The SEC is reviewing a proposed rule change by NYSE American LLC to set up new procedures for allocating power to co-located Users at its facilities. Due to increased demand, especially during volatile market periods, the Exchange plans to integrate power allocation rules with existing rules on cabinet allocation. These changes include placing purchasing limits on Users when available power or cabinet supplies fall below certain thresholds, and creating a waitlist system if these supplies are exhausted. The proposal aims to ensure a fair distribution of resources among users and is open for public comments.

The Securities and Exchange Commission has approved a rule change proposed by Cboe Exchange, Inc., which allows the exchange to add options on the Mini-Russell 2000 Index, known as MRUT options, to its pilot program for P.M.-settled options. These new options will be traded on a trial basis until May 3, 2021. The purpose is to evaluate the impact of P.M. settlement on market stability, utilizing enhanced data collection and analysis. The findings from this trial will aid both Cboe and the Commission in assessing the potential risks and benefits of expanding these options permanently.

The Miami International Securities Exchange, LLC has submitted a proposal to the Securities and Exchange Commission to increase the number of Limited Service MIAX Express Interface Ports available to market makers without changing existing fees. This expansion is needed due to higher customer demand and market volatility, which have increased network traffic. Even though this expansion will come at a cost, the Exchange aims to offer more ports to ensure sufficient and equal access to its systems for all market participants, while maintaining fair competition and efficient port usage. They emphasize that the decision to purchase additional ports is voluntary for market makers.