Search Results for keywords:"fair competition"

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Search Results: keywords:"fair competition"

  • Type:Notice
    Citation:90 FR 356
    Reading Time:about 19 minutes

    The NYSE Chicago, Inc. has proposed a rule change to its Connectivity Fee Schedule, aiming to enhance competition by adding new connectivity options to several trading floors, including the New York Stock Exchange. This change introduces new types of connections called TF Connections, which offer users dedicated bandwidth between their data center in Mahwah, New Jersey, and the trading floors. The NYSE Chicago argues that these new options will provide more choices without any unfair advantage or discrimination against telecom companies that also provide similar services. The rule change is open for public comments before a final decision is made by the Securities and Exchange Commission.

    Simple Explanation

    The SEC is looking at a new idea from the NYSE Chicago to change how much it costs to connect to their trading floors. NYSE Chicago wants to offer new ways for people to connect and use their systems, hoping to make things fairer and give people more choices.

  • Type:Notice
    Citation:86 FR 7269
    Reading Time:about 7 minutes

    The Department of Commerce has determined that certain uncoated paper from Portugal was sold in the U.S. at prices below usual value from March 1, 2018, to February 28, 2019. As a result, the department calculated specific antidumping duties for different importers based on the dumping margin observed. These duties are intended to address unfair pricing and aim to maintain fair competition. The Federal Register notice also outlines the process for assessing these duties and the required actions from importers to ensure compliance.

    Simple Explanation

    The Department of Commerce found out that some paper from Portugal was being sold in the U.S. for too cheap, which isn't fair to the people making paper here; so they decided to add extra costs, called duties, to make it fair again.

  • Type:Notice
    Citation:89 FR 105665
    Reading Time:about 24 minutes

    Cboe BZX Exchange, Inc. has proposed a rule change to update its fee schedule for certain market data feeds. The proposed changes aim to waive External Distribution and Data Consolidation fees for new Uncontrolled External Distributors of specific data feeds, like BZX Top and Cboe One Summary, until they gain users. This is intended to encourage vendors to adopt these feeds and broaden distribution without immediate costs. The proposal is meant to promote fair competition and is part of Cboe's efforts to minimize business costs for distributors.

    Simple Explanation

    Cboe BZX Exchange wants to let certain companies, called "Uncontrolled External Distributors," use some of their market data for free until they have users, to make it cheaper for these companies to start using their data. They hope this move will help these companies share data more widely without having to pay right away.

  • Type:Notice
    Citation:90 FR 15274
    Reading Time:about 84 minutes

    The Securities and Exchange Commission (SEC) has approved a proposal by the Options Clearing Corporation (OCC) to implement a new margin add-on charge aimed at reducing risks from short-dated options trading and intraday activities. This charge will be applied to all clearing member accounts to ensure sufficient financial resources are available to cover credit exposure. The decision comes as a response to the significant increase in trading volume and the associated risks that were not fully addressed under the previous margin system. Despite some industry concerns about potential impacts on competition, the SEC determined that the changes are necessary to safeguard securities and funds while ensuring fair competition.

    Simple Explanation

    The government has approved a new rule where people who trade lots of options, which are like special contracts, will need to have a little extra money set aside. This is to make sure there's enough money to cover their bets, like having extra backup in case something unexpected happens.

  • Type:Notice
    Citation:86 FR 7433
    Reading Time:about 18 minutes

    The Cboe EDGX Exchange, Inc. has proposed a rule change to improve its process for opening trading for simple orders. This change aims to allow trading to start sooner by implementing a "forced opening" if a series is already trading on another exchange, even if certain conditions on Cboe haven't been met. The proposed change prioritizes investor interests and attempts to keep fair competition by allowing orders to start trading as soon as another market has opened them. Additionally, users can manage how their orders are handled during this process, providing flexibility and protecting against unfair trades. The Securities and Exchange Commission (SEC) is allowing this proposed rule to become effective immediately to enhance market efficiency.

    Simple Explanation

    Cboe EDGX Exchange wants to start trading things faster by letting orders open on their market right away if other places have already started trading them, so everything moves more smoothly and fairly. The new rule helps people control their orders better, making sure trades are fair and happen as quickly as possible.