Search Results for keywords:"financial implications"

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Search Results: keywords:"financial implications"

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  • 2024-30350 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change by MIAX Sapphire, LLC to Adopt Connectivity and Certain Port Fees for Members and Non-Members
    💰
    Type:Notice
    Citation:89 FR 104254
    Reading Time:about 115 minutes

    The Securities and Exchange Commission (SEC) has announced a new rule proposal from MIAX Sapphire, LLC regarding fees for connectivity and port services. MIAX Sapphire plans to implement fees for network connections and ports, including a waiver period to incentivize participation, after which full fees will apply. The proposed fees aim to cover the costs of providing these services, with some services offered at a loss to attract market participants. The SEC is inviting public comments on these proposed changes.

    Simple Explanation

    MIAX Sapphire wants to start charging fees for using their computer networks, like the way roads have tolls, but they will let people try them for free for a little while to see if they like them. The SEC is asking everyone what they think about these new plans.

  • 2025-06411 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Phlx Options 7, Section 2
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    Type:Notice
    Citation:90 FR 16038
    Reading Time:about 15 minutes

    Nasdaq PHLX LLC has proposed a rule change to its Customer Rebate Program, seeking approval from the Securities and Exchange Commission (SEC). The change involves paying only the higher rebate to a member when they qualify for two different rebate incentives in the same month, rather than providing both. This amendment is intended to simplify the rebate structure while still motivating members to engage with customer orders. The proposal aims to ensure equitable and fair rebates among members, without imposing any undue burden on market competition.

    Simple Explanation

    Nasdaq PHLX wants to change a rule so that when a member qualifies for two rewards in one month, they only get the bigger one. This change is meant to make things simpler and fairer for everyone.

  • 2021-02396 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule
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    Type:Notice
    Citation:86 FR 8413
    Reading Time:about 12 minutes

    Cboe Exchange, Inc. has proposed a rule change to amend its fee schedule, specifically regarding Related Future Cross (RFC) orders, which are complex orders involving a combination of option and futures contracts. This change is set to be effective from January 19, 2021. The proposed amendments include updates to the fee structure, such as relocation of certain surcharge waivers to footnotes 21 and 25, to reflect the permanent adoption of RFC orders in both electronic and open outcry trading environments. The filing with the Securities and Exchange Commission is open for public comments, and the Commission may take action within 60 days of the filing if necessary to protect investors and public interest.

    Simple Explanation

    Cboe Exchange wants to change the way they charge money when people use a special kind of complicated order that mixes options and futures. They're moving some of these charges around, and they want people to tell them what they think about it.

  • 2024-29042 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Dedicated Cores
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    Type:Notice
    Citation:89 FR 99936
    Reading Time:about 22 minutes

    The Cboe EDGX Exchange, Inc. has proposed a rule change to amend its fee schedule by introducing a new fee structure for the use of Dedicated Cores, which are CPU resources reserved for single-user order processing. Initially, users can access up to two Dedicated Cores at no extra cost, but fees apply for additional cores, with prices increasing as more cores are used. This system is designed to offer enhanced performance through reduced latency and improved throughput, but its use is entirely optional. The changes are intended to be equitable, ensuring all users have access to similar opportunities without unfair discrimination, while also managing its finite resources effectively.

    Simple Explanation

    Think of it like a game where you can use special tools to help you play faster, but you have to pay if you want more than two tools. Cboe EDGX Exchange is making these changes so everyone has a fair chance to use these tools without using too many at once.

  • 2024-31774 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
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    Type:Notice
    Citation:90 FR 700
    Reading Time:about 3 minutes

    The Securities and Exchange Commission has received a proposed rule change filing from Cboe EDGA Exchange, Inc. The proposal, submitted on December 20, 2024, suggests updating the fee schedule associated with the "Consolidated Audit Trail Funding Fees" to a rate of $0.000022 per executed equivalent share. Interested parties are encouraged to submit their comments through the SEC's online platform or by mail, with all submissions due by January 27, 2025. The proposal is under the immediate effectiveness category pursuant to certain sections of the Securities Exchange Act of 1934.

    Simple Explanation

    The SEC is looking at a new rule from the Cboe EDGA Exchange to change a small fee to $0.000022 for every share traded to help fund a project that keeps track of all trading activity, and they want people to say what they think about it by January 27, 2025.