Search Results for keywords:"Nasdaq PHLX LLC"

Nasdaq PHLX LLC, a self-regulatory organization, has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to increase port fees for the Specialized Quote Feed (SQF) Ports and SQF Purge Ports in Options 7, Section 9. This rule change was filed on December 20, 2024, and is set to take effect immediately, although it will become operative on January 1, 2025. The SEC is inviting public comments on this proposal until January 31, 2025, and all interested parties are encouraged to submit their views and arguments regarding the change.

The Securities and Exchange Commission (SEC) announced that Nasdaq PHLX LLC has proposed a new rule to allow the listing and trading of options based on 1/100th of the Nasdaq-100 Index, known as Nasdaq 100 Micro Index Options (XND). These micro options are designed to offer more affordable opportunities for retail investors interested in trading options on the Nasdaq-100 Index. Similar to existing options, XND options will be European-style and cash-settled, but will require less capital, making them more accessible. The SEC is soliciting public comments on this proposed rule change before making a final decision.

Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

Nasdaq PHLX LLC has proposed a new rule to establish fees for expanded co-location services at its data center in Carteret, NJ, as filed with the Securities and Exchange Commission. The proposal introduces a range of fees for new Ultra High Density Cabinets, cabinet installation, and power distribution units (PDUs) in the expanded facility, known as NY11-4. These changes are intended to reflect the costs and operational efficiencies of supporting higher density power options. The fees, which are consistent with market rates, are meant to cover the increased costs and provide flexibility for customers in managing their connections to the exchange.

Nasdaq PHLX LLC, a self-regulatory organization, has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce a FIX Drop Port, similarly used by other Nasdaq exchanges like BX, NOM, ISE, GEMX, and MRX. The FIX Drop Port will be implemented in Options 3, Section 23(b)(3) and is designed for immediate effectiveness. The SEC is inviting the public to comment on this proposed rule change and advises that comments should be submitted by February 24, 2025. All comments will be made public on the SEC's website.

Nasdaq PHLX LLC proposed changes to lower the Options Regulatory Fee (ORF) starting in 2025. From November 1, 2024, to December 31, 2024, they plan to reduce the ORF fee from $0.0034 to $0.0022 per contract. Beginning January 1, 2025, the methodology for assessing ORF will change to include different rates for options traded on different exchanges, with new rates applied to various transactions except those by market makers. The proposal aims to ensure that the fees collected cover regulatory costs without exceeding them.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce fees for its expanded co-location services. The rule change takes immediate effect, as allowed under specific provisions of the Securities Exchange Act. The SEC seeks public comments on this proposal, encouraging people to submit their views, data, and arguments concerning it. This feedback can be submitted through the SEC’s website or by mail, with all comments publicly accessible online.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to update its complex order functionality to match that of ISE and MRX, focusing on technology enhancements for better performance and scalability. The proposed updates include adopting the same Legging Order and Complex Order functionalities and new risk protections, aligning rules across the different exchanges to offer a unified experience to market participants. The proposal also includes updates to definitions and order types for complex strategies and aims to limit potential disruptions during times of extreme market volatility, ensuring fair and orderly trading markets.

The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to update its pricing schedule for certain options trades. The changes include offering a rebate to customers and charging a fee to non-customers for specific trades involving SPY options. Additionally, the exchange plans to charge a stock handling fee for stock-option orders and increase a surcharge on electronic complex orders that remove liquidity in Penny Symbols, excluding those involving SPY. The proposal is available for public comment until March 12, 2025, and details are accessible on both the Nasdaq and SEC websites.