Search Results for keywords:"Investors Exchange LLC"

The Investors Exchange LLC has proposed a new rule regarding the pricing of transactions for securities priced under $1.00. The proposed changes include offering a rebate of 0.15% for orders adding liquidity and raising the fee to 0.15% for orders removing liquidity. These changes are set to be effective immediately and operational by January 1, 2025. The Securities and Exchange Commission is inviting public comments on these proposed changes until January 29, 2025.

The Investors Exchange LLC (IEX) has proposed amendments to its compliance rules related to the National Market System Plan Governing the Consolidated Audit Trail to align with an exemption granted by the Securities and Exchange Commission (SEC). This proposal aims to streamline how allocation reports are submitted, focusing on reporting responsibilities for brokers involved in trade allocations. The changes intend to simplify the process by shifting certain reporting obligations from executing brokers to clearing brokers, especially when brokers do not have enough information to complete allocation reports. This amendment is designed to enhance efficiency and reduce unnecessary burdens on brokers while ensuring regulatory compliance.

The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

The Securities and Exchange Commission published a notice about a rule change proposed by the Investors Exchange LLC (IEX). IEX wants to establish rules for trading options on a new platform called IEX Options. This platform aims to enhance risk management for market makers by introducing features like automated trading, risk controls, and a mechanism to prevent trading at outdated prices. The SEC is inviting public comments on this proposal before making a final decision.

The Investors Exchange LLC (IEX) has proposed a new rule to allow odd lot orders (orders for less than 100 shares) to be displayed and to aggregate them to form a protected quotation. This change aims to make odd lot orders visible, giving them higher execution priority and aligning IEX's rules with other securities exchanges. The proposal is considered non-controversial and does not foresee any significant impact on competition or investor protections. The rule intends to increase liquidity and enhance price discovery on the exchange, benefiting all market participants.

The Investors Exchange LLC (IEX) has proposed a new rule to create an options trading facility called "IEX Options." This facility will be a fully automated system designed to trade options contracts, similar to other options exchanges. The plan includes implementing guidelines to protect Market Makers from risks, like the execution of outdated quotes, and to ensure fair trading practices. IEX will also adopt certain rules from other exchanges to maintain fairness and efficiency in the options market. The Securities and Exchange Commission is inviting public feedback on this proposal.

The Securities and Exchange Commission has announced that the Investors Exchange LLC submitted a proposed rule change to establish new fees for 2025 to cover costs related to the National Market System Plan Governing the Consolidated Audit Trail (CAT). This proposal includes a fee called CAT Fee 2025-1 set at $0.000022 per executed equivalent share, which is expected to be effective for six months and aims to recover half of the budgeted costs for 2025. The public is invited to submit comments on the proposal by January 29, 2025.