Found 3 results

Search Results: citation:"90 FR 4825"

💰 Only

Oldest Newest

2025-00896 — Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change, as Modified by Amendment No. 1, to Amend Exchange Rule 11.25(e) To Allow Users To Utilize the Exchange's Match Trade Prevention Functionality When Entering Periodic Auction Orders Onto the Exchange for Execution
January 16, 2025
Type:Notice
Citation:90 FR 4825
Reading Time:about 2 minutes
Cboe BYX Exchange, Inc. proposed a rule change to allow users to use Match Trade Prevention when entering Periodic Auction Orders. This proposal was initially filed with the Securities and Exchange Commission (SEC) on June 6, 2024, and further modified by an amendment on September 18, 2024. The proposed change aimed to adjust how trades are processed on the exchange platform. However, on January 8, 2025, Cboe BYX withdrew the proposed rule change.
Simple Explanation
Cboe BYX Exchange wanted to change a rule to help users avoid trading with themselves when using special orders, but they decided not to go through with the change.
2025-00890 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX's Fee Schedule Concerning Transaction Pricing for Certain Sub-Dollar Orders
💰
January 16, 2025
Type:Notice
Citation:90 FR 4825
Reading Time:about 3 minutes
Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission, effective immediately, to amend its fee schedule for certain sub-dollar orders. The change revises the fee for an order that routes to and removes liquidity from another exchange at a price under $1.00. Instead of charging the cost imposed by the away exchange plus $0.0001 per share, IEX will now charge this cost plus 0.02% of the total dollar value of the execution. Comments on the proposal are invited to be submitted to the Commission by February 6, 2025.
Simple Explanation
Investors Exchange, a stock market, is changing the way it charges for certain very cheap stock trades. Now, instead of just a small fee for each share, they're also adding a tiny percent of the total trade cost, which means the more the trade is worth, the more you pay.
2025-01298 — Sunshine Act Meetings
January 16, 2025
Type:Notice
Citation:90 FR 4825
Reading Time:less than a minute
The Securities and Exchange Commission announced a change in the timing of a previously scheduled closed meeting. Initially set for 2:00 p.m. on January 16, 2025, the meeting will now begin at 1:00 p.m. on the same day. For more details, people can contact Vanessa A. Countryman at the Office of the Secretary.
Simple Explanation
The Securities and Exchange Commission decided to start their secret meeting one hour earlier on the same day. If anyone has questions, they can ask Vanessa A. Countryman for more details.

Showing 1 to 3 of 3 results