Search Results for keywords:"Nasdaq PHLX"

Found 3 results

Search Results: keywords:"Nasdaq PHLX"

💰 Only
Oldest Newest
  • 2024-29035 — Self-Regulatory Organizations; Nasdaq PHLX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 3304 Concerning Data Feeds Utilized
    Type:Notice
    Citation:89 FR 99923
    Reading Time:about 7 minutes

    Nasdaq PHLX, LLC has proposed a rule change to update its list of data feeds used for trading and compliance processes. They intend to make the Long-Term Stock Exchange the primary data source for quoting, with CQS/UQDF as a secondary source. This update aims to improve transparency and market efficiency. The Securities and Exchange Commission (SEC) has allowed the change to take effect immediately to expedite its benefits, as it does not introduce new regulatory issues.

    Simple Explanation

    Nasdaq PHLX is changing how it gets information for trading by using a new main source called the Long-Term Stock Exchange, with a backup source. This change is happening quickly to help make trading clearer and faster, and the SEC is okay with it because it doesn’t cause any new problems.

  • 2024-30904 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Various Phlx Rules in Connection With a Technology Migration
    💰
    Type:Notice
    Citation:89 FR 106888
    Reading Time:about 3 hours

    Nasdaq PHLX LLC has filed a proposal with the U.S. Securities and Exchange Commission to update its rules due to a technology upgrade. This update will align PHLX's trading functions and order types more closely with those of its affiliated exchanges, such as ISE, GEMX, and MRX, and introduce new trading protections and order types, which include options like marketable limit orders and add liquidity orders. The changes aim to offer consistent trading experiences across Nasdaq's platform, improve transparency, and enhance trader protections by offering more sophisticated risk-management tools, thus encouraging market participation. The proposal is part of an effort to streamline system operations, make regulatory compliance more efficient, and ensure a fair trading environment.

    Simple Explanation

    Nasdaq PHLX is making some updates to its computer systems to be more like its friends, so traders can have a smoother experience and stay safe while trading. They're adding some new tools to help traders make better choices and keep everything fair for everyone.

  • 2025-00414 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Non-Display Enterprise License and PHLX Depth Data Fees Based on the Rate of Inflation
    Type:Notice
    Citation:90 FR 2766
    Reading Time:about 3 minutes

    Nasdaq PHLX LLC recently filed a proposed rule change with the Securities and Exchange Commission (SEC) to adjust certain fees based on inflation. This change impacts the Non-Display Enterprise License and PHLX Depth Data fees. The proposed amendments will take effect immediately but are set to be operational from January 1, 2025. The SEC invites the public to submit comments on the proposal by February 3, 2025, using specified electronic and paper submission methods.

    Simple Explanation

    Nasdaq PHLX wants to change how much some people pay for their services by adjusting prices due to inflation, like how things might cost more because of the economy. They asked for comments from people to see what they think about the changes.