Search Results for keywords:"NYSE American LLC"

The NYSE American LLC has proposed a rule change that was filed with the Securities and Exchange Commission (SEC) on February 1, 2021, to amend its Options Fee Schedule. This amendment introduces a new credit system for Customer Electronic executions, aiming to incentivize ATP Holders by offering a $0.10 per contract credit if certain trading volume thresholds are met. The goal is to attract more trading activity, thereby enhancing market depth, price discovery, and competition while benefiting all market participants. The SEC is inviting public comments on this proposed rule change, which is effective upon filing but can be temporarily suspended by the Commission within 60 days if deemed necessary.

The Securities and Exchange Commission (SEC) has approved a new rule proposed by NYSE American LLC to strengthen its listing standards for companies that conduct reverse stock splits. According to the rule, a company will face immediate suspension and delisting if it has executed one or more reverse stock splits with a cumulative ratio of 200 shares or more to one in the past two years, or if its reverse stock split makes it fall below existing listing requirements. The SEC believes this measure will help protect investors by ensuring that companies with financial difficulties do not unduly remain on the exchange by manipulating their stock prices through reverse stock splits. Companies affected by this rule still have the opportunity to challenge delisting decisions.

The NYSE American LLC has proposed a temporary change to its Options Regulatory Fee (ORF). From December 1 to December 31, 2024, the ORF will be waived to ensure that the fees collected do not exceed the Exchange's regulatory costs due to high trading volumes. The ORF will resume on January 1, 2025, at the rate of $0.0038 per contract. The proposal also includes cleaning up outdated language from past fee schedules to make them clearer. The Securities and Exchange Commission (SEC) is seeking public comments on this rule change.

The Securities and Exchange Commission (SEC) is reviewing a proposed rule change filed by NYSE American LLC to amend its Options Fee Schedule. This change involves adjusting the credit levels for specific transactions in the American Customer Engagement (ACE) Program, aiming to encourage greater order flow and market participation. The proposed rate amendment would take effect as of January 13, 2021, and seeks to maintain competitiveness while providing incentives for increased trading activity on the exchange. Public comments are invited to provide input on the proposal before it is finalized.

The Securities and Exchange Commission (SEC) is considering a proposal from NYSE American LLC to change how fees are charged for a new option trading feature. This feature, called "AON CUBE," is designed for larger orders in the Options market and offers a new pricing structure. The proposal aims to encourage more trade on their platform by making it financially appealing for traders to use this new feature. The SEC is inviting public comments to help decide whether this proposal should be approved or modified.

The NYSE American LLC has proposed changes to its co-location services, specifically to their Equities Price List and Fee Schedule and the Options Fee Schedule. The changes aim to introduce two new Partial Cabinet Solution bundles, Options E and F, which offer upgraded network connections for users who need fast data transfer but can't justify the expense of a dedicated cabinet. The proposal states that these bundles would be available for the same setup fee as current options but with different monthly charges, and a 50% monthly fee reduction for the first year is offered if purchased by the end of 2021. The proposed rule change is designed to increase choice in a competitive market without treating any group unfairly.

The NYSE American LLC has filed a proposed rule with the Securities and Exchange Commission to list and trade options on the iShares Ethereum Trust ETF and the Fidelity Ethereum Fund. These funds, referred to as Ether Funds, aim to reflect the performance of ether, providing investors with a way to engage in the ether market without handling the cryptocurrency directly. The proposed rule change suggests setting position and exercise limits at 25,000 contracts for these options, similar to limits for bitcoin-related options, to help prevent market manipulation. The proposed rule has already been approved for similar listings by other exchanges like Nasdaq ISE and Cboe.

The NYSE American LLC has proposed a change to its Rule 971.2NY, which involves their Complex Customer Best Execution Auction (CUBE). This rule change introduces an optional all-or-none feature for larger orders in the Complex CUBE Auction, aiming to offer better pricing and competition for larger-sized trades (with at least 500 contracts on the smallest leg). The proposed functionality aligns with similar mechanisms available on other exchanges, enhancing the ability of ATP Holders to secure price improvements for large orders. The Securities and Exchange Commission has determined that this rule change does not significantly impact investor protection or competition and has allowed it to go into effect immediately.

NYSE American LLC has filed a proposed rule change with the Securities and Exchange Commission to set up fees for industry members linked to the Consolidated Audit Trail (CAT) costs for 2025. The fee, known as CAT Fee 2025-1, will be $0.000022 per executed equivalent share and will replace the existing higher fee. These fees aim to cover about half of the planned CAT costs for the year. The proposal is available on the SEC website, and comments from the public are invited.

The NYSE American LLC has proposed a change to amend Rule 915 to allow options on Commodity-Based Trust Shares. This change is to ensure that all new options on Commodity-Based Trust Shares can be listed and traded on the Exchange the same way as other exchange-traded funds (ETFs). The proposed rule aims to enhance competition by enabling more investment choices and opportunities, benefiting market participants by allowing the Exchange to list options more quickly without needing additional approvals. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal.