Search Results for keywords:"market volatility"

The Securities and Exchange Commission is considering a proposed rule change by the New York Stock Exchange (NYSE) that aims to amend Rule 7.35C. This change would alter the way the Auction Reference Price is determined for Core Open Auctions, aligning it with the methods used by NYSE's affiliates, NYSE Arca, and NYSE American. The modification seeks to minimize the likelihood of these auctions being subject to price collars, particularly during periods of significant market volatility. The proposed rule change has been filed and is available for public comment, with the aim of promoting a smoother operation of market openings.

MIAX PEARL, LLC, a self-regulatory organization, has proposed a rule change to expand the number of Limited Service MEO Ports available to its members, doubling the potential from eight to ten for each "Matching Engine." This expansion plan is in response to increased customer demand and the need for more network capacity, which is partly driven by rising market volatility. The fees for these additional ports will remain the same, with the ninth and tenth ports costing $400 per month each, which is the current charge for the seventh and eighth ports. The Securities and Exchange Commission (SEC) is reviewing the proposal and invites public comments on it by January 26, 2021.

The Securities and Exchange Commission (SEC) is reviewing a proposal by the Fixed Income Clearing Corporation (FICC) to modify the calculation of the VaR (Value at Risk) Floor for its Mortgage-Backed Securities Division. The change aims to incorporate a "Minimum Margin Amount" to better account for market volatility and ensure adequate risk management. This proposal was developed after the COVID-19 pandemic revealed that the existing calculations did not sufficiently cover risks, particularly during periods of extreme market changes, and the SEC is inviting public comments on this advance notice. The proposed enhancements are designed to limit FICC's exposure by ensuring that its systems account for recent and more volatile market conditions.

The Securities and Exchange Commission has issued a notice about a proposed rule change by NYSE Arca, Inc. This rule aims to replace the Discretionary Pegged Order with a new order type called the Selective Midpoint Order (SeMi Order). The SeMi Order will use a machine-learning model to improve price protection during volatile market conditions. This proposed change seeks to enhance the flexibility and functionality of trading strategies for market participants while maintaining fair and open market practices.

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 Securities and Exchange Commission (SEC) is reviewing a proposed rule change by the Fixed Income Clearing Corporation (FICC) regarding the calculation of the "Minimum Margin Amount" for its Mortgage-Backed Securities Division (MBSD). This new calculation aims to ensure adequate collection of margin from members, especially during times of market volatility, by adjusting based on historical price movements. The SEC is seeking comments from the public to help decide whether to approve or disapprove the proposed rule change. The proceedings are being held to consider the legal and policy implications of the change and its alignment with existing financial regulations.

The Securities and Exchange Commission (SEC) is considering a proposed rule change by the Fixed Income Clearing Corporation (FICC) to introduce a "Volatility Event Charge." This charge is designed to help FICC manage and reduce its risk during periods of significant market upheaval, like major elections or economic announcements, that could cause large market movements. The proposed change is aimed at ensuring FICC has enough financial resources to protect against potential losses if a clearing member defaults during such volatile times. The SEC invites public comments on this proposal, which would add more stability to financial markets by proactively managing associated risks.