Search Results for keywords:"Long-Term Stock Exchange"

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. This change aims to modify the rebates for transactions involving securities priced at $1.00 or more per share that add liquidity to the exchange. The proposal was filed on February 28, 2025, and LTSE intends for the amendments to take effect immediately as of March 3, 2025. The SEC is seeking comments from the public regarding this change and has provided instructions for submitting feedback.

The Long-Term Stock Exchange, Inc. (LTSE) filed a proposal with the Securities and Exchange Commission (SEC) to implement new connectivity fees for market participants. Previously, LTSE did not charge for connectivity, but due to the costs incurred from launching a new trading system, it plans to start charging fees effective October 1, 2024. These fees include charges for physical connections and logical connectivity sessions, with certain discounts for Disaster Recovery and Test Environment connections. LTSE believes the fees are fair, non-discriminatory, and generally lower than those charged by other exchanges, aiming to cover a portion of their operational costs while encouraging efficient use of connectivity resources.

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend the Rule Series 11.600. This amendment aims to align LTSE's compliance rules with a specific exemption granted by the SEC, known as the "Allocation Exemption," which adjusts how allocations and reporting are managed under the National Market System Plan. The proposed changes include defining "Allocation" and "Allocation Report," determining who is responsible for reporting allocations, and specifying what information needs to be reported. Comments from the public are being solicited to evaluate the impact and effectiveness of these proposed changes.

The Long-Term Stock Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to modify its fee schedule for transactions involving stocks priced under $1.00, known as "Sub-Dollar Securities." This change, submitted on December 27, 2024, is intended to take effect immediately and became operational starting December 12, 2024. The SEC is inviting public comments on this proposed rule change by February 6, 2025. More details on the proposal can be found on both the Exchange’s and SEC’s websites.