Search Results for keywords:"trading systems"

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Search Results: keywords:"trading systems"

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  • 2025-03964 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of Partial Amendment No. 1 to Proposed Rule Change Relating to Alternative Display Facility New Entrant
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    Type:Notice
    Citation:90 FR 12004
    Reading Time:about 23 minutes

    In a document published by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) proposed adding IntelligentCross as a new entrant to the Alternative Display Facility (ADF). This proposal includes modifications to IntelligentCross's ASPEN Fee/Fee matching model, updating its match priority criteria to align more closely with other trading venues. The changes aim to simplify the matching process and ensure fairer execution of trades by prioritizing orders based on price, display type, and the time of receipt. The SEC has opened the proposal for public comment to gather opinions from interested parties.

    Simple Explanation

    The financial rules people want to let a new company join a special place where stocks are shown and traded. They're trying to make it easier and fairer for everyone to buy and sell stuff by using new rules that say whose turn it is based on how much they want to pay and when they asked.

  • 2024-31191 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on Its Equity Options Platform
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    Type:Notice
    Citation:89 FR 106675
    Reading Time:about 31 minutes

    Cboe BZX Exchange, Inc. has proposed a new rule to adopt fees for its new logical ports, which are linked to a new connectivity option on its equity options platform. These new logical ports, known as Unitized Logical Ports, provide a more consistent experience in trading by reducing the variability in how orders are processed. The proposal also includes new fees for members who exceed certain daily average limits for orders or quotes, aiming to encourage efficient use of the exchange's resources and prevent excessive activity that could disrupt systems. The changes are optional, with the goal of providing members with more trading flexibility.

    Simple Explanation

    Cboe BZX Exchange wants to add some new types of connections, like special cables, for people who trade on its platform, and they plan to charge extra if someone uses too many. It's like a rule that helps make sure everyone gets a fair chance to play, but it might be a bit tricky for smaller players.