Search Results for keywords:"MEMX LLC"

The Securities and Exchange Commission (SEC) announced that MEMX LLC has filed a proposed rule change to align its reporting requirements with a conditional exemption. This exemption affects how certain brokers report trades and allocations to accounts, aiming to improve efficiency and reduce burdens by ensuring that only the brokers with necessary information report allocations. The proposal also includes detailed reporting requirements for different types of accounts and emphasizes that the amendments won't significantly impact competition or investor protection. Public comments on the proposed change are invited until January 25, 2021.

MEMX LLC has proposed changes to its fee schedule, which were filed with the Securities and Exchange Commission (SEC). The changes include increasing rebates for certain orders that add liquidity and increasing fees for orders that remove liquidity. The aim is to attract more orders to the MEMX exchange by offering competitive pricing. This proposal is publicly available for comments, allowing interested parties to share their views on the changes.

MEMX LLC has filed a new rule proposal with the Securities and Exchange Commission to set fees for industry members that will fund the National Market System Plan for the Consolidated Audit Trail (CAT) in 2025. The proposed fee, called CAT Fee 2025-1, is set at $0.000022 per executed share and will be collected from executing brokers starting February 2025, based on January 2025 transactions. This new fee intends to cover about half of the costs for 2025 and will replace the previous year’s CAT Fee 2024-1, which was slightly higher. The public is invited to comment on this proposed rule change by January 27, 2025.

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.

MEMX LLC, a stock exchange, submitted a proposal to the Securities and Exchange Commission (SEC) to change its fee schedule. The proposal details a new Tape A Quoting Tier, which offers an extra rebate for certain trading activities on the exchange. This change took effect immediately, and the SEC invites public comments on the proposal by March 14, 2025. All relevant information and comments related to this rule change are available on the SEC's website.

The Securities and Exchange Commission has released a notice regarding a proposed rule change by MEMX LLC. The change involves amending a rule to allow MEMX to handle limit orders even when the national best bid or offer (NBBO) is not available, arguing that this will enhance market liquidity and benefit members by enabling the submission of orders that could help establish the NBBO. Unlike market orders, limit orders have a specific price limit set by the user, minimizing the risk of unintended prices due to NBBO unavailability. The Commission has waived the usual delay for the proposal to become operative, allowing it to take immediate effect. Critics or supporters of this change can submit their comments to the Commission as outlined in the notice.

The Securities and Exchange Commission (SEC) announced that MEMX LLC, a self-regulatory organization, proposed a rule change to allow the listing and trading of options on several Bitcoin-related funds, namely the Grayscale Bitcoin Trust, the Grayscale Bitcoin Mini Trust, and the Bitwise Bitcoin ETF. This proposal aims to give investors an additional tool to gain exposure to Bitcoin's price movements within regulated markets, offering options priced competitively against spot Bitcoin. The proposed options will adhere to existing rules regarding listing criteria, trading, and position limits, and MEMX believes these options can increase market transparency and efficiency. The SEC is seeking comments from the public regarding this proposed rule change.

The Securities and Exchange Commission (SEC) has announced a proposed rule change by MEMX LLC, which aims to amend Exchange Rule 19.3. This change would allow the exchange to list and trade options on the iShares Bitcoin Trust, providing investors a chance to engage with Bitcoin through a public market rather than directly. The new rule outlines measures like custody provisions, position limits, and compliance with existing standards for trading and oversight. MEMX believes this proposal will give investors more options for managing their investments and hedging risks related to Bitcoin.

The Securities and Exchange Commission has published a notice about a proposed rule change by MEMX LLC to list and trade options on two Bitcoin exchange-traded funds (ETFs): the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. This rule change aims to amend Exchange Rule 19.3 to allow trading options on these Bitcoin Funds. The plan is seen as competitive, following similar moves by another exchange, Cboe. MEMX believes that offering these options will provide investors with a lower-cost way to invest in Bitcoin, increase market transparency, and improve price discovery on the exchange.