Search Results for keywords:"Securities Regulation"

Found 2 results

Search Results: keywords:"Securities Regulation"

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  • 2021-02866 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend BOX Rule 7620 (Accommodation Transactions)
    Type:Notice
    Citation:86 FR 9403
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is considering a proposed rule change filed by BOX Exchange LLC. This change involves amendments to BOX Rule 7620, which would allow Floor Brokers to enter opening cabinet orders on behalf of customers and floor market makers, and clarify that these orders will execute in open outcry. Although the proposed rule was published for comment, the SEC received no responses. To ensure a thorough evaluation, the SEC is extending the decision period until March 30, 2021, to determine whether to approve or disapprove the proposal.

    Simple Explanation

    The SEC is taking more time to decide on a new rule for the BOX Exchange, which will let special brokers, called Floor Brokers, make certain trades for customers and other traders in a more open and public way. They want to think carefully about this change, so they're waiting until March 30, 2021, to make their decision.

  • 2021-00811 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule Regarding Tape B Securities
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    Type:Notice
    Citation:86 FR 4139
    Reading Time:about 16 minutes

    MIAX PEARL, LLC has submitted a proposal to the Securities and Exchange Commission to change its fee schedule for trading equities. The proposal suggests increasing the rebate for displayed orders adding liquidity in Tape B securities to $0.0035 per share and decreasing the fee for removing liquidity to $0.0027 per share, effective January 1, 2021. These changes aim to encourage more trading on the platform by offering better incentives compared to competitors. The proposed fee adjustments are intended to attract more order flow, boost liquidity, and enhance the trading opportunities available for market participants.

    Simple Explanation

    MIAX PEARL, LLC wants to change how much it costs to buy and sell certain stocks on their platform, making it cheaper to trade some stocks to get more people to trade with them. They're targeting a specific group of stocks called "Tape B" and hope that by offering better deals, more buyers and sellers will come to them.