The NYSE American LLC has proposed a change to amend Rule 915 to allow options on Commodity-Based Trust Shares. This change is to ensure that all new options on Commodity-Based Trust Shares can be listed and traded on the Exchange the same way as other exchange-traded funds (ETFs). The proposed rule aims to enhance competition by enabling more investment choices and opportunities, benefiting market participants by allowing the Exchange to list options more quickly without needing additional approvals. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal.
Simple Explanation
NYSE American wants to allow more kinds of trading options on special stocks that hold things like gold or bitcoin, making it easier for everyone to have different ways to invest. The SEC is asking people to share their thoughts on this idea.