Search Results for citation:"89 FR 101057"

Found 2 results

Search Results: citation:"89 FR 101057"

💰 Only
Oldest Newest
  • 2024-29336 — Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule To Adopt Certain Connectivity Fees
    💰
    Type:Notice
    Citation:89 FR 101057
    Reading Time:about 37 minutes

    The Long-Term Stock Exchange, Inc. (LTSE) filed a proposal with the Securities and Exchange Commission (SEC) to implement new connectivity fees for market participants. Previously, LTSE did not charge for connectivity, but due to the costs incurred from launching a new trading system, it plans to start charging fees effective October 1, 2024. These fees include charges for physical connections and logical connectivity sessions, with certain discounts for Disaster Recovery and Test Environment connections. LTSE believes the fees are fair, non-discriminatory, and generally lower than those charged by other exchanges, aiming to cover a portion of their operational costs while encouraging efficient use of connectivity resources.

    Simple Explanation

    The Long-Term Stock Exchange wants to start charging for using its network to trade stocks because it costs money to run their new system. These fees are meant to help cover some costs but will still be cheaper than other similar places.

  • 2024-29314 — Global X Venture Fund and Global X Management Company, LLC
    Type:Notice
    Citation:89 FR 101057
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is considering an application from Global X Venture Fund and Global X Management Company, LLC. The application seeks permission for certain registered closed-end investment companies to offer multiple classes of shares and to impose early withdrawal charges and fees for distribution and services. If no hearing is scheduled, the SEC may grant the requested relief after reviewing any submissions. People interested in a hearing can request one by contacting the SEC through the provided email by January 3, 2025.

    Simple Explanation

    The SEC is thinking about letting Global X Venture Fund ask people for money in different ways, like having different types of shares, and charging fees if people want to take their money out early. If no one asks for a meeting, the SEC might say yes after reading people's opinions.