Search Results for keywords:"Investors Exchange LLC"

The Investors Exchange LLC has proposed a new rule regarding the pricing of transactions for securities priced under $1.00. The proposed changes include offering a rebate of 0.15% for orders adding liquidity and raising the fee to 0.15% for orders removing liquidity. These changes are set to be effective immediately and operational by January 1, 2025. The Securities and Exchange Commission is inviting public comments on these proposed changes until January 29, 2025.

The Investors Exchange LLC (IEX) has proposed amendments to its compliance rules related to the National Market System Plan Governing the Consolidated Audit Trail to align with an exemption granted by the Securities and Exchange Commission (SEC). This proposal aims to streamline how allocation reports are submitted, focusing on reporting responsibilities for brokers involved in trade allocations. The changes intend to simplify the process by shifting certain reporting obligations from executing brokers to clearing brokers, especially when brokers do not have enough information to complete allocation reports. This amendment is designed to enhance efficiency and reduce unnecessary burdens on brokers while ensuring regulatory compliance.

The Investors Exchange LLC (IEX) is proposing to change one of its rules, specifically IEX Rule 11.190. They want to stop using one of their two mathematical calculations, called CQI 1, which helps them predict changes in Protected Quotations. They have found that the other calculation, CQI 2, works better and is used more often, making the first one unnecessary. The Securities and Exchange Commission is inviting public comments on this proposed change until April 4, 2025.

The Securities and Exchange Commission (SEC) has approved a proposed change to the rules of the Investors Exchange LLC (IEX). This change will reduce the delay time for messages sent from IEX back to its users, cutting the latency from 350 microseconds to 37 microseconds. The decision eliminates the need for using coiled optical fiber, which originally helped prevent information leaks that could affect trading. The update aims to enhance the efficiency and competitiveness of trading without giving IEX Services LLC (IEXS) or any other member an unfair advantage.

The Investors Exchange LLC (IEX) has submitted a proposal to the Securities and Exchange Commission (SEC), suggesting changes to its fee schedule related to transaction fees. The proposed amendments include the introduction of a new rebate tier for adding displayed liquidity and adjustments to the base fee for removing displayed liquidity for trades priced at or above $1.00 per share. The SEC invites public comments on this proposal, with submissions accepted until March 4, 2025. The details of the proposal are available on both the Exchange's and the Commission's websites.

The Securities and Exchange Commission published a notice about a rule change proposed by the Investors Exchange LLC (IEX). IEX wants to establish rules for trading options on a new platform called IEX Options. This platform aims to enhance risk management for market makers by introducing features like automated trading, risk controls, and a mechanism to prevent trading at outdated prices. The SEC is inviting public comments on this proposal before making a final decision.

The Investors Exchange LLC (IEX) has proposed a new rule to allow odd lot orders (orders for less than 100 shares) to be displayed and to aggregate them to form a protected quotation. This change aims to make odd lot orders visible, giving them higher execution priority and aligning IEX's rules with other securities exchanges. The proposal is considered non-controversial and does not foresee any significant impact on competition or investor protections. The rule intends to increase liquidity and enhance price discovery on the exchange, benefiting all market participants.

The Investors Exchange LLC (IEX) has proposed a rule change to include DEEP+ data in its HIST Data Product. DEEP+ is a new real-time data product that provides detailed information on individual displayed orders and execution data, while HIST offers historical data. The initiative aims to increase transparency by adding DEEP+ data to HIST without altering existing rule language. The Securities and Exchange Commission has identified the proposal as non-controversial and, waiving the 30-day waiting period, allowed it to be effective from December 9, 2024.

The Investors Exchange LLC has filed a proposed rule change with the Securities and Exchange Commission to modify the definitions of "Real-Time" and "Delayed" in their market data feeds. The change will increase the delay interval from fifteen milliseconds to fifteen minutes. This modification aims to allow data subscribers to adjust their subscriptions in response to the new time interval. The proposed changes are set to be implemented on February 1, 2025, and the Commission is inviting public comments on this rule change until February 24, 2025.

The Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its rules regarding broker-dealers who are subject to a statutory disqualification but wish to become or remain members of the Exchange. This amendment aims to clarify the process and align IEX's rules with those of other exchanges, such as Cboe and BOX, and with SEC regulations. The proposed rule would allow IEX to approve membership applications for the brokers while proceedings with other self-regulatory organizations are ongoing. This change seeks to avoid confusion among members and ensure the process is consistent and fair, protecting investors and the public interest.