Search Results for keywords:"Miami International Securities Exchange"

The Miami International Securities Exchange (MIAX) has proposed changes to their rules to permit the listing and trading of options on the Fidelity Ethereum Fund. These options aim to provide investors with new opportunities to interact with the cryptocurrency market, particularly Ethereum, in a more transparent and regulated environment rather than the over-the-counter market. To ensure investor protection and market integrity, the proposal also covers specific listing standards and includes position and exercise limits for these options. The Securities and Exchange Commission (SEC) has waived the 30-day waiting period, allowing the proposal to become immediately effective.

The Miami International Securities Exchange, LLC has proposed a new rule change regarding fees for its Industry Members as part of the CAT NMS Plan, which helps oversee trading activities. These fees, named CAT Fee 2025-1, will be charged at a rate of $0.000022 per executed equivalent share and are intended to recover half the costs budgeted for 2025. This proposal was filed with the Securities and Exchange Commission and became effective immediately, with the first invoices expected in February 2025. The public is invited to submit comments on this proposed change by February 6, 2025.

The Miami International Securities Exchange, LLC has filed a proposal with the Securities and Exchange Commission to list and trade options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. They plan to change several rules to accommodate these options, including those about position and exercise limits, ensuring they align with current standards for trading other commodities like precious metals and bitcoin. The proposal aims to offer investors more opportunities and benefits through options trading on these funds, similar to existing options for other Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs). The proposal also emphasizes maintaining strict surveillance and reporting procedures to prevent market manipulation and protect investors.

The document reports that the Miami International Securities Exchange (MIAX) has proposed a rule change to allow trading options on the iShares Ethereum Trust. This proposal involves amending existing rules concerning criteria for securities, as well as position and exercise limits. The main goal is to provide investors with a new, cost-effective means to engage with Ethereum through securities, potentially enhancing market efficiency. The Securities and Exchange Commission (SEC) is reviewing this proposal and has opened the floor for public comments.

The Miami International Securities Exchange, LLC has proposed changes to its fee schedule. These updates involve switching the email domain used for communication to @miaxglobal.com and removing all mentions of mini-options, a type of option that never became widely used and was previously removed from their offerings. The Securities and Exchange Commission (SEC) is reviewing these changes, which aim to make the fee schedule clearer and more accurate for members of the exchange. The SEC invites public comments on this proposal.

The Miami International Securities Exchange has proposed new rules to allow the listing and trading of options on the B500 Index, a stock market index. These options will be available with both morning (A.M.) and afternoon (P.M.) settlements. The purpose of these changes is to offer investors more flexibility in managing their portfolios and to provide additional ways to hedge market risks. The proposal includes the inclusion of nonstandard expiration dates for options, which would allow trading on a wider range of days.

The Securities and Exchange Commission has announced that the Miami International Securities Exchange is proposing a change to its rules that would allow the listing and trading of options on Commodity-Based Trust Shares. These trust shares represent interests in a trust that holds specific commodities and sometimes cash, similar to how some ETFs work. The purpose of the change is to make it easier and faster to list options on these trust shares once they have met initial criteria without needing further approvals. This proposal is part of a competitive effort alongside other exchanges like Nasdaq, NYSE, and Cboe, and aims to increase investment options for market participants while promoting competition and consistency in the rules for trading such options.

The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.

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.

The Miami International Securities Exchange, LLC (MIAX) filed a proposed rule with the Securities and Exchange Commission (SEC) to introduce a new fee structure for accessing its testing systems environment through a dedicated cross connection. Starting December 1, 2024, MIAX plans to charge $1,000 per month for this access, regardless of whether users choose a 1Gb or 10Gb connection. While VPN access to the testing system remains free, the dedicated connection offers an optional, premium way to connect for users who may find it more suitable for their needs. The proposed fee aligns with or is lower than similar charges imposed by other exchanges for comparable services.