Search Results for keywords:"Cboe EDGA Exchange"

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Search Results: keywords:"Cboe EDGA Exchange"

  • Type:Notice
    Citation:90 FR 9177
    Reading Time:about 3 minutes

    The Cboe EDGA Exchange, Inc. has proposed a rule change to amend its fee schedule to include fees for Dedicated Cores, and this proposal was filed with the Securities and Exchange Commission (SEC) on January 24, 2025. This filing is in accordance with Section 19(b)(1) of the Securities Exchange Act of 1934 and is designed to take effect immediately. The SEC is asking for public comments on this proposal, and various methods are provided for submitting these comments until February 28, 2025. Comments can be shared via an online form, email, or mail, reminding contributors to avoid including any personal identifiable information they do not want made public.

    Simple Explanation

    The Cboe EDGA Exchange wants to change its pricing to add new costs for special parts of computers called "Dedicated Cores." The SEC is letting people say what they think about this until February 28, 2025.

  • Type:Notice
    Citation:90 FR 13910
    Reading Time:about 23 minutes

    The Securities and Exchange Commission published a notice about a proposed rule change by the Cboe EDGA Exchange to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. The exchange believes the increase is reasonable due to inflation since 2018, investments made to enhance technology, and because the new fee is still competitive compared to other exchanges. The proposed rule change is aimed at maintaining and improving the exchange's services and infrastructure. Feedback from the public is invited, and all comments will be reviewed by the Commission.

    Simple Explanation

    The document talks about a plan from a company that runs a stock exchange to make one of its special internet connections a little more expensive each month, going from $7,500 to $8,500. They say this is because prices have gone up since 2018, they've made their technology better, and this new price is still a good deal compared to what other places charge.

  • Type:Notice
    Citation:86 FR 158
    Reading Time:about 7 minutes

    The Securities and Exchange Commission has approved proposed rule changes by four exchangesβ€”Cboe BYX, Cboe BZX, Cboe EDGA, and Cboe EDGX. These changes aim to automate the process for re-opening trading of NYSE-listed securities outside of regular hours when a halt is lifted. Previously, this was done manually by exchange staff, but the new system will automatically restart trading if certain conditions are met, improving efficiency. The SEC found these changes to be consistent with regulations that ensure a fair and open market, with no public comments opposing the proposals.

    Simple Explanation

    The Securities and Exchange Commission has decided that four stock exchanges can use computers to start trading certain stocks again after a pause instead of having people do it, which makes the process faster and smoother.

  • Type:Notice
    Citation:90 FR 700
    Reading Time:about 3 minutes

    The Securities and Exchange Commission has received a proposed rule change filing from Cboe EDGA Exchange, Inc. The proposal, submitted on December 20, 2024, suggests updating the fee schedule associated with the "Consolidated Audit Trail Funding Fees" to a rate of $0.000022 per executed equivalent share. Interested parties are encouraged to submit their comments through the SEC's online platform or by mail, with all submissions due by January 27, 2025. The proposal is under the immediate effectiveness category pursuant to certain sections of the Securities Exchange Act of 1934.

    Simple Explanation

    The SEC is looking at a new rule from the Cboe EDGA Exchange to change a small fee to $0.000022 for every share traded to help fund a project that keeps track of all trading activity, and they want people to say what they think about it by January 27, 2025.

  • Type:Notice
    Citation:89 FR 106692
    Reading Time:about 23 minutes

    Cboe EDGA Exchange, Inc. has proposed a new rule to update its fee schedule by introducing fee waivers for new Uncontrolled External Distributors of specific market data feeds. The Exchange aims to encourage the adoption of these data feeds by waiving certain distribution and data consolidation fees until these distributors find users for their services. This initiative is designed to help these distributors manage initial development costs and broaden the distribution of Cboe's market data products, promoting fair competition and enhancing access to real-time trading information. The Securities and Exchange Commission is seeking public comments on this proposal.

    Simple Explanation

    Cboe EDGA Exchange wants to let new helpers who share special market information for trading use it for free at first, so it's easier for them to start and find people who want this information. This is like giving these helpers a head start by not charging them money right away, which helps them share more and makes trading information easier to get.

  • Type:Notice
    Citation:86 FR 7324
    Reading Time:about 14 minutes

    The Cboe EDGA Exchange, Inc. has proposed a new rule to amend its fee schedule, introducing a monthly fee for members using more than one Market Participant Identifier (MPID). Each member's first MPID remains free, while additional ones will incur a $150 monthly charge. This measure is intended to incentivize efficient use of MPIDs, as well as cover administrative costs associated with managing them. The proposed fee is lower than a similar fee charged by the Nasdaq Stock Market, encouraging competition among exchanges.

    Simple Explanation

    The Cboe EDGA Exchange wants to start charging a fee when companies use more than one special ID number, called an MPID, on their platform. The first number is free, but any extra numbers will cost $150 each month, to help with managing them and to be fair with other market places.

  • Type:Notice
    Citation:90 FR 10758
    Reading Time:about 3 minutes

    Cboe EDGA Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 Gb physical ports. This proposal was filed with the Securities and Exchange Commission (SEC) on February 14, 2025, and is set for immediate effectiveness. The SEC is inviting public comments on whether this change aligns with the Securities Exchange Act of 1934. Interested parties can submit their opinions electronically or by mail before the March 19, 2025, deadline.

    Simple Explanation

    The Cboe EDGA Exchange wants to make their 'internet roads' faster, but to do that, they need to charge a bit more money each month. The people in charge are asking if this is okay and want other people to tell them if they think it's fair by writing letters or sending messages before a certain date.

  • Type:Notice
    Citation:89 FR 106671
    Reading Time:about 20 minutes

    Cboe EDGA Exchange, Inc. proposed a rule change to increase the monthly fee for a 10-gigabit physical port from $7,500 to $8,500. This change is intended to help maintain and improve the exchange's market technology, and it aligns with fees charged by other exchanges. The exchange also highlighted its significant investments in upgrading its systems and accommodating new data centers as a reason for the fee increase, which they believe is reasonable given the inflation and enhancements in service quality. The Securities and Exchange Commission is seeking public comments on this proposal.

    Simple Explanation

    The Cboe EDGA Exchange wants to make it cost more to connect to their system, like charging $8.5 instead of $7.5 to use a special fast cable. They say it's to keep everything working nicely and because they have spent money to make things better, but some people think they should explain more about why they need this extra dollar.

  • Type:Notice
    Citation:86 FR 8061
    Reading Time:about 30 minutes

    The Securities and Exchange Commission (SEC) has published a notice about a proposed rule change by Cboe EDGA Exchange, Inc., intended to align their compliance rule regarding the Consolidated Audit Trail (CAT) with an exemption granted by the SEC. This rule change focuses on the reporting of allocation processes, where brokers perform allocations to client accounts, and the conditions under which certain brokers are exempt from this requirement. The new rules aim to reduce the reporting burden on brokers and streamline the process by making sure only brokers who have sufficient information report these allocations. Additionally, the exchange plans to add more details to allocation reports, like trade and settlement dates, to ensure comprehensive reporting that aids in regulatory oversight.

    Simple Explanation

    Cboe EDGA Exchange wants to change some of their rules to match a special rule from people who make sure trading is fair (like the SEC). They're trying to make it easier for people who help trade stocks to do less paperwork, but still keep everyone informed about what's happening with trades.

  • Type:Notice
    Citation:86 FR 4149
    Reading Time:about 10 minutes

    The Securities and Exchange Commission has announced that the Cboe EDGA Exchange, Inc. has proposed a new rule regarding billing errors and fee disputes. Under this rule, all fees and rebates will be considered final after three calendar months. This change is designed to encourage members to review their billing statements promptly, ensuring that any errors are addressed quickly and reducing the administrative burden on the Exchange. The SEC is seeking comments from the public on this proposed change.

    Simple Explanation

    The Cboe EDGA Exchange, Inc. wants people to check their bills quickly to find mistakes. If no one says anything about a mistake in three months, the bill stays the same forever.

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