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2025-01854 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Harmonize the Equity Options Listing Rules of the Exchange in Regard to the Listing of Options Series With $1 Strike Prices With the Equity Options Listing Rules of Its Affiliated Exchange, Cboe Exchange, Inc.
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January 29, 2025
Type:Notice
Citation:90 FR 8410
Reading Time:about 4 minutes
The Securities and Exchange Commission (SEC) has announced that the Cboe EDGX Exchange, Inc. has filed a proposed rule change. This change aims to align the exchange's rules for listing options with $1 strike prices with those of its affiliate, Cboe Exchange, Inc. The SEC has approved an immediate effect for this rule change, bypassing the usual 30-day waiting period, because it does not raise new regulatory concerns and helps ensure consistent rules across related exchanges. The public is invited to submit comments on this rule change by February 19, 2025.
Simple Explanation
The SEC is letting two sister companies, Cboe EDGX Exchange and Cboe Exchange, use similar rules for selling certain special options so that everything is fair and the same. People can tell the SEC what they think about this new rule by February 19, 2025.
2021-00948 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Delete the Exchange Membership Rules and Incorporate by Reference the Membership Rules of The Nasdaq Stock Market LLC
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January 19, 2021
Type:Notice
Citation:86 FR 5284
Reading Time:about 69 minutes
Nasdaq ISE, LLC is introducing a rule change to simplify its membership rules by incorporating the membership policies of The Nasdaq Stock Market LLC. This move aims to harmonize the rules across affiliated exchanges like Nasdaq and BX to create a consistent and efficient process for membership applications. Existing rules will apply to applications submitted before the new rules take effect, and the transition will be managed orderly to avoid confusion. The Securities and Exchange Commission is inviting public comments on this proposal.
Simple Explanation
In a move to make things simpler, Nasdaq ISE, LLC wants to use the same rules for people joining as its sister market, Nasdaq, so everyone follows the same guidebook. This might make things more similar, but some people are worried it could hide some details and make changing hard work.
2025-00173 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Definitions of “Class” and “Series” To Harmonize Terms With Affiliated Exchanges
January 08, 2025
Type:Notice
Citation:90 FR 1585
Reading Time:about 3 minutes
Nasdaq PHLX LLC has submitted a proposal to the Securities and Exchange Commission to amend certain definitions related to options trading. The proposed rule change involves updating the definitions of "class" and "series" to align with terms used by related exchanges. This proposal is filed for immediate effectiveness, and the Commission is seeking public comments on whether the change complies with securities laws. Comments can be submitted via the Commission's website or by email.
Simple Explanation
Nasdaq PHLX, which is a stock exchange, wants to change some words they use to describe groups of options to match what other similar exchanges say. They hope this change is accepted right away and are asking people to share their thoughts.
2025-01853 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Harmonize the Equity Options Listing Rules of the Exchange in Regard to the Listing of Options Series With $1 Strike Prices With the Equity Options Listing Rules of Its Affiliated Exchange, Cboe Exchange, Inc.
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January 29, 2025
Type:Notice
Citation:90 FR 8417
Reading Time:about 4 minutes
The Securities and Exchange Commission (SEC) has announced that the Cboe BZX Exchange, Inc. has proposed a rule change. This change aims to align its rules for listing equity options with $1 strike prices with those of its affiliated exchange, Cboe Exchange, Inc. The SEC has allowed this proposed rule change to take effect immediately to ensure consistency across exchanges without introducing new regulatory concerns. Public comments on the proposal are invited until February 19, 2025.
Simple Explanation
Cboe BZX Exchange wants to change its rules to match its sister exchange, Cboe, so they both have the same way of letting people trade options (like choosing from different prices). This means the rules will be similar and easier for everyone, and the government is okay with this change happening right away.

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