Search Results for keywords:"securities trading"

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Search Results: keywords:"securities trading"

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  • 2024-30352 — Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Exchange Rule 11.25(e) To Allow Users To Utilize the Exchange's Match Trade Prevention Functionality When Entering Periodic Auction Orders Onto the Exchange for Execution
    Type:Notice
    Citation:89 FR 104276
    Reading Time:about 3 minutes

    The Securities and Exchange Commission is reviewing a proposed rule change from Cboe BYX Exchange, Inc. This change would allow users to use match trade prevention when they enter periodic auction orders on the exchange. The Commission has decided to extend the decision deadline to February 16, 2025, to have enough time to consider the proposal, which includes modifications made in Amendment No. 1. This extension ensures the Commission can make a well-informed decision on whether to approve or disapprove the rule change.

    Simple Explanation

    The big grown-ups at the government are taking more time to decide on a new rule that would help make sure people trading on their special computer system don't accidentally trade with themselves. They're giving themselves extra time until next year so they can think really hard about whether this new rule is a good or bad idea.

  • 2024-29148 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Auction Response and Execution Price Cap for AIM and SAM Auctions
    Type:Notice
    Citation:89 FR 100584
    Reading Time:about 18 minutes

    The Cboe EDGX Exchange, Inc. has proposed a rule change to amend the auction response and execution price cap for AIM and SAM auctions, which are systems designed to improve pricing for securities traders. The change involves modifying Rules 21.19 and 21.21 to allow executions at prices not limited by the initial National Best Bid or Offer (NBBO), potentially providing better price improvements for orders. This proposal aims to take advantage of price movements during auctions while ensuring that orders are executed at beneficial prices, without disadvantage to market participants. The Securities and Exchange Commission is seeking public comments on this proposed rule change.

    Simple Explanation

    The Cboe EDGX Exchange wants to change some rules to let people buy and sell stocks at prices that aren’t just what everyone else is offering, so they might get better deals. This needs to be checked to make sure it's fair for everyone trading.

  • 2021-00732 — Submission for OMB Review; Comment Request
    Type:Notice
    Citation:86 FR 3217
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) to extend approval for collecting information under Rule 15c1-5. This rule requires broker-dealers with control relationships to their issuers to notify customers in writing when selling or buying securities. The SEC estimates that around 181 broker-dealers must comply annually, spending a total of about 1,810 hours. People interested in commenting on this information collection can do so within 30 days on the reginfo.gov website.

    Simple Explanation

    The SEC wants permission from a government office, called the OMB, to keep asking about 181 businesses that help people buy and sell stocks. These businesses need to tell people about certain special connections when trading, and it takes them a lot of time every year to do this.

  • 2021-01402 — Self-Regulatory Organizations: Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the Way It Handles Odd Lot Orders by Allowing Them To Be Displayed Orders and To Aggregate To Form a Protected Quotation
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    Type:Notice
    Citation:86 FR 6687
    Reading Time:about 43 minutes

    The Investors Exchange LLC (IEX) has proposed a new rule to allow odd lot orders (orders for less than 100 shares) to be displayed and to aggregate them to form a protected quotation. This change aims to make odd lot orders visible, giving them higher execution priority and aligning IEX's rules with other securities exchanges. The proposal is considered non-controversial and does not foresee any significant impact on competition or investor protections. The rule intends to increase liquidity and enhance price discovery on the exchange, benefiting all market participants.

    Simple Explanation

    The IEX, which is a stock exchange, wants to change the way small orders are shown so they can join together to make a bigger order that gets more attention, helping everyone see prices better and trade more easily.

  • 2024-31771 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing of Proposed Rule Change To Increase the Position and Exercise Limits for iShares Bitcoin Trust ETF
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    Type:Notice
    Citation:90 FR 704
    Reading Time:about 32 minutes

    The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change filed by Nasdaq ISE, LLC. The proposed rule change seeks to increase the position and exercise limits for options on the iShares Bitcoin Trust ETF (IBIT) from 25,000 to 250,000 contracts. The reason behind this proposal is to align the limits with the current market capitalization and average daily volume, which demonstrate sufficient liquidity to handle increased limits. The proposed rule change aims to enhance liquidity and market competition while ensuring that adequate surveillance measures are in place to prevent manipulation and protect investors.

    Simple Explanation

    The Securities and Exchange Commission is talking about letting people trade more of a special type of stock called the iShares Bitcoin Trust ETF. They think more trades can happen because the market is big enough and safe enough for it.