Search Results for keywords:"market regulation"

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.

The Cboe EDGX Exchange, Inc. proposed a rule change to allow options trading on Bitcoin-backed funds, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. These Bitcoin-based exchange-traded funds (ETFs) provide investors exposure to Bitcoin's performance without owning the cryptocurrency directly. The rule change aims to align with existing options trading standards on the Exchange and ensure that proper safeguards are in place to detect market abuses. The Securities and Exchange Commission is seeking public comments on this proposal.

Nasdaq ISE, LLC has proposed a change to its rules to allow the listing and trading of options on Commodity-Based Trust Shares. These shares are tied to commodities and cash held in a trust, such as gold or bitcoin, and the proposed rule would enable options on these shares to be traded similarly to other Exchange-Traded Funds (ETFs). The Securities and Exchange Commission (SEC) is currently seeking public comments on this proposal to ensure it aligns with existing securities laws and promotes a fair and open market. The change is intended to provide investors with more options for managing risk in a transparent and regulated market.

The Financial Industry Regulatory Authority, Inc. (FINRA) intends to rescind rules related to its OTC Bulletin Board Service due to its decline in usage and replace them with stricter standards for member-operated systems that update real-time quotations for over-the-counter equity securities. The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove this proposed rule change and invites public comments to ensure it meets legal standards aimed at preventing fraud and ensuring fair trading. Proposed changes include establishing policies to ensure reliable and accurate quotation dissemination and fair access to quoting services, among other responsibilities for member inter-dealer quotation systems.

The Securities and Exchange Commission (SEC) announced a proposed rule change by NYSE Texas to adopt NYSE Rule 4530 with minor modifications. This rule requires detailed reporting on events like statutory disqualifications and customer complaints for better regulatory oversight. The new rule aligns NYSE Texas with the NYSE and FINRA's requirements, improving consistency and easing compliance for firms already following similar protocols. The SEC is seeking public comments on this proposal, emphasizing the importance of transparency and effective market regulation.

The Securities and Exchange Commission has announced a proposed rule change to allow Nasdaq to list and trade shares from the Grayscale Avalanche Trust (AVAX) under its rules for Commodity-Based Trust Shares. These shares will let investors indirectly invest in AVAX, a cryptocurrency from the Avalanche Network, similar to how they might invest in other commodities like gold. The Trust will not be actively managed, and the value of its shares will reflect the value of the AVAX it holds, minus associated expenses. The proposal also includes measures to prevent fraud and manipulation, despite AVAX's market not being primarily regulated.