Search Results for keywords:"pricing schedule"

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Search Results: keywords:"pricing schedule"

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  • 2025-02751 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Pricing in Options 7, Section 3 Regarding Fees and Rebates in SPY and Option 7, Section 4 Regarding Multiply Listed Options Fees
    Type:Notice
    Citation:90 FR 9939
    Reading Time:about 4 minutes

    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.

    Simple Explanation

    Nasdaq is changing some rules about trading certain types of stock options (like SPY) so that people who trade will either pay a little extra fee or get a small bonus, depending on if they're regular customers or not. They're also making some changes to fees for special stock and option orders, and they're inviting people to say what they think about these plans before it becomes final.

  • 2021-01136 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Pricing Schedule at Equity 7, Section 3
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    Type:Notice
    Citation:86 FR 6383
    Reading Time:about 14 minutes

    Nasdaq PHLX LLC proposed changes to its pricing schedule to modify the Qualified Market Maker (QMM) Program. The revisions involve increasing the number of securities a QMM must quote at the national best bid and offer (NBBO) to qualify for certain credits, while decreasing the number needed to earn higher supplemental credits, aiming to enhance market quality. The Exchange believes these adjustments are reasonable, equitable, and non-discriminatory, promoting better market participation and quality. Comments on the proposed changes are invited from the public via the Securities and Exchange Commission (SEC) within a specified timeframe.

    Simple Explanation

    Nasdaq is changing some rules to make buying and selling stocks smoother and better for everyone. They want certain stock sellers, called Qualified Market Makers, to offer better prices so people get a good deal, and they are asking people to share their thoughts on these changes.

  • 2021-03724 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Pricing Schedule at Equity 7, Section 3
    Type:Notice
    Citation:86 FR 11343
    Reading Time:about 12 minutes

    Nasdaq PHLX LLC has filed a proposal with the Securities and Exchange Commission to modify its pricing schedule related to the Qualified Market Maker (QMM) Program. The changes include increasing the required percentage of time a member organization must quote at the national best bid and offer (NBBO) from 10% to 15% to qualify as a QMM. This adjustment aims to boost liquidity, enhance price discovery, and overall improve the equity markets' quality. The rule change has become effective but may still be suspended by the Commission if necessary to protect investors or in the public interest.

    Simple Explanation

    Nasdaq wants some of the companies trading on their platform to be really good at offering the best prices. They decided these companies need to do this 15 times out of every 100 chances to get a special title, which they hope will help them all see how much things should cost and make trading better for everyone.

  • 2025-02433 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Pricing Schedule at Options 7, Section 2(4) Regarding Rebates for the Execution of Contracts That Generate an Order Exposure Alert
    Type:Notice
    Citation:90 FR 9351
    Reading Time:about 3 minutes

    Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its pricing schedule related to rebates for contract executions that trigger an order exposure alert. This rule change was filed on February 3, 2025, and has been designated for immediate effectiveness. The Commission is seeking comments from the public on whether this proposed rule change aligns with the Securities Exchange Act of 1934. Comments can be submitted electronically on the SEC's website or by mail, and should reference the file number SR-BX-2025-007.

    Simple Explanation

    Nasdaq BX, Inc. wants to change some rules about how they give money back to people when certain things happen in trading, like setting off an alert. The people in charge are asking others to tell them what they think about these new rules.