The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from the NYSE American LLC. This rule change would allow the exchange to list and trade options on Commodity-Based Trust Shares. Initially, the SEC had a deadline of April 28, 2025, to make a decision but has extended this deadline to June 12, 2025. The extension gives the SEC more time to consider the proposal before deciding whether to approve, disapprove, or further examine the rule change.
Simple Explanation
The people in charge of checking new rules for a big money game need more time to think about letting players trade a special type of option (a kind of game piece) in their game. They were supposed to decide by the end of April, but now they have until the middle of June to think it over.