Search Results for keywords:"trading activity"

Nasdaq PHLX LLC has filed a proposal with the Securities and Exchange Commission to eliminate its Market Data Revenue (MDR) Rebate Program. This program was designed to increase market activity by offering financial incentives for displaying orders on the exchange, but it hasn't been successful in attracting enough activity. The program's complexity, combined with its limited financial benefits, makes it challenging to maintain, leading to the decision to discontinue it. The Securities and Exchange Commission invites public comments on this proposed change, suggesting that Nasdaq PHLX operates in a competitive market where participants can choose to trade elsewhere if dissatisfied with the changes.

MIAX PEARL, an options exchange, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule, aiming to attract more trading activity by adjusting thresholds for rebates and fees for market makers. It plans to increase the volume threshold for Tier 2 from 0.45% to 0.75% of national monthly volume in specific options and introduce a new tiered incentive (Tier 3) based on trading activity in SPY options. The revisions are designed to enhance market liquidity and competitiveness by encouraging market makers to bring more orders to the exchange. These changes became effective on January 4, 2021, and aim to benefit all market participants through better liquidity and tighter markets.

The Securities and Exchange Commission (SEC) is evaluating a proposed amendment to the National Market System Plan for the Consolidated Audit Trail, which tracks trading activity. This amendment, known as the "Verbal Quotes Amendment," changes how certain verbal and trading activities are reported. Initially published for public comment in August 2024, the SEC has extended its decision deadline to April 17, 2025, to ensure thorough consideration of the proposed changes and any public feedback received.

The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC has filed a proposal to amend its Fee Schedule for the upcoming year, 2025. The proposed changes involve establishing a new fee system called CAT Fee 2025-1, which sets the fee at $0.000022 per executed equivalent share. This fee helps cover the costs associated with the Consolidated Audit Trail (CAT), a system that tracks trading activity in the national market. The CAT Fee 2025-1 is intended to replace the previous CAT Fee 2024-1, which had a higher rate, and will be in effect for six months to cover half of the budgeted CAT costs. Interested parties are invited to submit comments on these changes by January 29, 2025.

The Cboe EDGX Exchange, Inc. proposed changes to its Fee Schedule related to Add/Remove Volume Tiers. These updates include adjusting criteria for different tiers and raising certain rebates to incentivize members to increase their trading activity on the exchange. The goal is to enhance market quality by encouraging more order flow, ultimately benefiting all market participants. The Securities and Exchange Commission (SEC) is inviting public comments on this proposed rule change.

The New York Stock Exchange (NYSE) has proposed changes to its pricing structure to offer more incentives for organizations to add liquidity to the Exchange. The proposed amendments include different ways to qualify for pricing credits, the elimination of certain unused pricing tiers, and the introduction of new ones. The changes are intended to attract more trading activity on the NYSE by making it more advantageous for member organizations to submit orders that help discover prices. The Securities and Exchange Commission is publishing this notice to gather public comments on the proposal.

The Securities and Exchange Commission (SEC) is seeking approval from the Office of Management and Budget (OMB) to extend a rule requiring national securities exchanges to provide certain information. This rule, known as Rule 6a-3, involves exchanges reporting on the types of materials they distribute and monthly trading activity. With 26 exchanges involved, the SEC estimates a total annual reporting time of 156 hours. The public is encouraged to provide feedback on this information collection by March 31, 2025, through a designated website or email.