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Search Results: citation:"90 FR 11866"

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2025-03888 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
March 12, 2025
Type:Notice
Citation:90 FR 11866
Reading Time:about a minute or two
The Investors Exchange LLC (IEX) submitted a proposed rule change to the Securities and Exchange Commission (SEC) regarding the trading of options on a new facility named IEX Options. This proposal was published in the Federal Register on January 21, 2025, and has received public comments. Under the Securities Exchange Act, the SEC normally has 45 days to decide on a proposed rule change, but this period can be extended. In this case, the SEC has extended the decision deadline to April 21, 2025, to allow more time to review the proposal and the comments received.
Simple Explanation
The people who help make rules for trading are thinking about starting a new place where people can trade something called "options." They need more time to decide if this is a good idea, so they are waiting a little longer until April 21, 2025, to make sure they understand everything.
2025-03886 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Introduce Functionality To Initiate a Trading Halt for Exchange-Traded Products on Launch Day
March 12, 2025
Type:Notice
Citation:90 FR 11866
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This change would allow for a trading halt on the launch day of new Exchange-Traded Products, similar to what happens during initial public offerings. The proposal was initially published on February 20, 2025. The SEC is extending the time to make a decision on this matter to ensure they have enough time to consider it thoroughly, setting May 21, 2025, as the new deadline to either approve, disapprove, or seek further proceedings on the change.
Simple Explanation
The SEC is thinking about a new rule for Nasdaq so that they can pause trading when a new product is launched, just like with new company stocks. They've decided to take more time to make sure they understand everything before deciding, so they'll decide by May 21, 2025.

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