Search Results for keywords:"Long-Term Stock Exchange"

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. This change aims to modify the rebates for transactions involving securities priced at $1.00 or more per share that add liquidity to the exchange. The proposal was filed on February 28, 2025, and LTSE intends for the amendments to take effect immediately as of March 3, 2025. The SEC is seeking comments from the public regarding this change and has provided instructions for submitting feedback.

The Long-Term Stock Exchange, Inc. (LTSE) has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule by introducing new fees for its proprietary market data feeds, including Depth of Book, Top of Book, and Last Sale. This proposed rule change is intended to take effect immediately from February 14, 2025. The SEC is inviting public comments on this proposal until March 26, 2025, and comments can be submitted electronically or by mail. The submitted comments will be publicly available on the SEC’s website unless they contain obscene or copyrighted material.

The Securities and Exchange Commission (SEC) approved a rule change for the Long-Term Stock Exchange (LTSE) allowing them to offer promotional services and listing ceremonies for companies listed on the exchange. This new rule, known as Rule 14.602, will include services like press releases, articles, and listing ceremonies, which aim to help companies better market themselves when they join the exchange. These offerings are designed to make LTSE more competitive with other major exchanges like NYSE and Nasdaq by attracting more companies to list. The SEC found that the rule change was fair and equitable and does not create unnecessary burdens on competition.

The Long-Term Stock Exchange, Inc. has proposed a rule change to introduce fees for its Industry Members to cover the costs associated with the National Market System Plan, which manages the Consolidated Audit Trail for 2025. This proposal, filed on December 20, 2024, is intended for immediate effect and is now open for public comment under the oversight of the Securities and Exchange Commission (SEC). The public can submit comments electronically or by mail until January 27, 2025. The SEC encourages feedback to ensure that the rule change aligns with existing financial regulations and public interest.

Nasdaq BX, Inc. proposed a rule change to amend Rule 4759, altering its data feeds for handling and executing orders. This adjustment involves using a direct feed from the Long-Term Stock Exchange as the primary source, with CQS/UQDF as a backup. The Securities and Exchange Commission (SEC) allowed this change to become effective immediately, aiming to improve transparency without significantly affecting competition or the public’s interest. The SEC invites public comments on this rule change, seeking input through its website or email by January 2, 2025.

The Long-Term Stock Exchange, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule by introducing new market data fees effective from November 1, 2024. This proposal follows a previous filing related to a transition to a new trading platform. Interested parties can submit their comments to the SEC by January 31, 2025, to express their views or concerns about this proposed change. The SEC encourages people to use electronic submission methods to help with efficient processing and to ensure all comments are available publicly on the SEC's website.

The Securities and Exchange Commission is reviewing a proposed rule change filed by The Nasdaq Stock Market. Nasdaq aims to amend Rule 4759 to change the primary and secondary sources of quotation data from certain market centers that it uses for order processing and regulatory compliance. The rule change involves using direct data feeds from the Long-Term Stock Exchange as the primary source and CQS/UQDF as a secondary source. The proposal is filed under a rule that allows for quicker adoption if it does not significantly impact investors or competition, and the SEC has decided it can take effect immediately.

The Long-Term Stock Exchange, Inc. (LTSE) filed a proposal with the Securities and Exchange Commission (SEC) to implement new connectivity fees for market participants. Previously, LTSE did not charge for connectivity, but due to the costs incurred from launching a new trading system, it plans to start charging fees effective October 1, 2024. These fees include charges for physical connections and logical connectivity sessions, with certain discounts for Disaster Recovery and Test Environment connections. LTSE believes the fees are fair, non-discriminatory, and generally lower than those charged by other exchanges, aiming to cover a portion of their operational costs while encouraging efficient use of connectivity resources.

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend the Rule Series 11.600. This amendment aims to align LTSE's compliance rules with a specific exemption granted by the SEC, known as the "Allocation Exemption," which adjusts how allocations and reporting are managed under the National Market System Plan. The proposed changes include defining "Allocation" and "Allocation Report," determining who is responsible for reporting allocations, and specifying what information needs to be reported. Comments from the public are being solicited to evaluate the impact and effectiveness of these proposed changes.

The Long-Term Stock Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to modify its fee schedule for transactions involving stocks priced under $1.00, known as "Sub-Dollar Securities." This change, submitted on December 27, 2024, is intended to take effect immediately and became operational starting December 12, 2024. The SEC is inviting public comments on this proposed rule change by February 6, 2025. More details on the proposal can be found on both the Exchange’s and SEC’s websites.