Search Results for keywords:"financial impact"

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Search Results: keywords:"financial impact"

  • Type:Notice
    Citation:90 FR 14288
    Reading Time:about 12 minutes

    Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

    Simple Explanation

    Cboe Exchange wants to raise the price for using their older computer program to make trades because they are working on moving everyone to a newer version. People can choose to keep using the old version or find another program if they think it's too expensive.

  • Type:Notice
    Citation:90 FR 16036
    Reading Time:about 8 minutes

    ICE Clear Credit LLC (ICC) has proposed a change to its fee schedule, introducing a Client Volume Incentive Program. This program provides discounts on fees for clients who have annual billed fees for credit default swaps (CDS) exceeding $1 million USD. The discount is tiered, with up to 90% off for fees exceeding $6.4 million USD. The plan encourages more clients to use ICC's clearing services without imposing competitive burdens.

    Simple Explanation

    ICE Clear Credit LLC is giving big discounts to people who do a lot of business with them. If you spend over $1 million trading with them in a year, you can get up to 90% off some fees, but smaller businesses might not get the same big discounts.

  • Type:Proposed Rule
    Citation:90 FR 16469
    Reading Time:about 3 minutes

    The Federal Retirement Thrift Investment Board (FRTIB) is proposing a change to the rules about how loans from the Thrift Savings Plan are managed. Currently, any interest that has already been collected on a loan must be paid off before payments can be made toward the principal and current interest. The new rule suggests that the interest be added to the principal when recalculating the loan, making the process more in line with the practices used for similar private-sector plans. This change will not significantly impact small entities or require additional reporting.

    Simple Explanation

    The Federal Retirement Thrift Investment Board wants to change a rule so that when people pay back their retirement plan loans, they put any extra interest together with the unpaid money, like stacking blocks, to make it easier for them to pay it all back.

  • Type:Notice
    Citation:90 FR 8941
    Reading Time:about a minute or two

    The Judicial Conference of the United States has announced that certain dollar amounts related to bankruptcy cases in the United States Code will be adjusted due to changes in the Consumer Price Index for All Urban Consumers. These changes will take effect on April 1, 2025, and will apply to many sections of titles 11 and 28 that deal with bankruptcy law. The adjustments are based on a three-year period ending before January 1, 2025, and will be rounded to the nearest $25. Additionally, several Official Bankruptcy Forms and Director's Forms will also be updated to reflect these new dollar amounts.

    Simple Explanation

    The U.S. Judicial Conference is changing some money amounts in the rules about bankruptcy because prices have gone up, just like how toys can cost more over time. This will start on April 1, 2025, and they want to make sure all the forms and rules match the new prices.

  • Type:Notice
    Citation:90 FR 4825
    Reading Time:about 3 minutes

    Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission, effective immediately, to amend its fee schedule for certain sub-dollar orders. The change revises the fee for an order that routes to and removes liquidity from another exchange at a price under $1.00. Instead of charging the cost imposed by the away exchange plus $0.0001 per share, IEX will now charge this cost plus 0.02% of the total dollar value of the execution. Comments on the proposal are invited to be submitted to the Commission by February 6, 2025.

    Simple Explanation

    Investors Exchange, a stock market, is changing the way it charges for certain very cheap stock trades. Now, instead of just a small fee for each share, they're also adding a tiny percent of the total trade cost, which means the more the trade is worth, the more you pay.

  • Type:Notice
    Citation:89 FR 104567
    Reading Time:about a minute or two

    The United States filed a proposed Consent Decree and Environmental Settlement Agreement with a bankruptcy court involving Vertex Energy, Inc. The agreement requires Vertex Energy and its associated companies to retire renewable identification number credits valued at about $15 million to meet their obligations. The public can comment on this proposal for ten days after its announcement. During this time, the document can be accessed and reviewed on the Justice Department's website.

    Simple Explanation

    The government and a company called Vertex Energy have a deal to help them follow pollution rules. They need to use special credits worth a lot of money, and people can share their thoughts about this plan for a short time!

  • Type:Notice
    Citation:90 FR 12372
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    The Long-Term Stock Exchange wants to change some of the money rules for trading. They asked people to share their thoughts about this change because it might affect how much you can earn or spend when trading stocks.

  • Type:Notice
    Citation:86 FR 7135
    Reading Time:about 10 minutes

    The Securities and Exchange Commission has published a notice regarding a proposed rule change submitted by NYSE Arca, Inc. This change involves updating the fee schedule by eliminating charges and credits related to Self Trade Prevention Modifiers and Market Data Revenue Sharing Credits, as both have become obsolete. The proposal is intended to streamline the fee schedule for clarity and does not introduce any new fees. The SEC invites public comments on this proposal, encouraging interested individuals to submit their opinions by February 16, 2021.

    Simple Explanation

    NYSE Arca, a company that helps people buy and sell stocks, wants to make its rule book simpler by taking out some old fees and credits that aren't needed anymore. The people in charge want to know what others think, so they've asked for comments.

  • Type:Notice
    Citation:90 FR 9350
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    The Investors Exchange (IEX) wants to change the rules about how much money people pay or get back when they trade stocks. They want people to tell them what they think about these changes by March 4, 2025.

  • Type:Notice
    Citation:86 FR 7914
    Reading Time:about 14 minutes

    Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

    Simple Explanation

    Cboe BYX Exchange, like a big playground for trading, decided to stop using two special fee labels because not many people used them. Instead, they'll use a simpler way to charge everyone the same fee when sending orders to a different trading playground.

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