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Search Results: citation:"86 FR 6710"

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2021-01282 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Its Rules Regarding the Minimum Increments for Electronic Bids and Offers and Exercise Prices of Certain FLEX Options and Clarify in the Rules How the System Ranks FLEX Option Bids and Offers for Allocation Purposes
January 22, 2021
Type:Notice
Citation:86 FR 6710
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) has announced an extension of the review period for a rule change proposed by Cboe Exchange, Inc. The proposed rule seeks to amend Cboe's regulations regarding the minimum increments for electronic bids and offers and exercise prices of certain FLEX options. It also aims to clarify how the system ranks these bids and offers for allocation purposes. The SEC has set March 4, 2021, as the new deadline by which they will either approve, deny, or begin proceedings to potentially reject the proposed rule change.
Simple Explanation
The SEC is taking more time to think about a new rule change for trading options on a market called Cboe. They want to make sure everything is clear and fair, and will decide by March 4, 2021.
2021-01279 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fees Applicable to the BZX Top Feed
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January 22, 2021
Type:Notice
Citation:86 FR 6710
Reading Time:about 29 minutes
Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.
Simple Explanation
Cboe BZX Exchange wants to charge more for a special stock market information service, costing companies $750 each month to share this data inside their workplace, plus $4 each month for every worker who looks at it. They're keeping the price the same for sharing this information outside the company.

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