Search Results for keywords:"trading regulations"

Cboe BZX Exchange, Inc. has proposed a rule change to allow the listing of options on Commodity-Based Trust Shares, which are shares that represent interests in commodities held in trusts, on their exchange. This aims to reduce listing times and costs by eliminating the need for separate approvals, enabling options on these trusts to be traded similarly to other ETFs. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal to determine whether it aligns with trading regulations and if it should be approved. If successful, this would provide investors with more tools for hedging and trading in a regulated market environment.

Nasdaq PHLX LLC has proposed a rule change to enhance its anti-internalization features, which help prevent orders from the same firm from unintentionally trading against each other. This includes allowing firms with different trading strategies to prevent their orders from executing against each other by enhancing self-match prevention capabilities. The proposal also introduces a new strategy called "use remover," allowing resting orders to adopt the strategy of incoming orders, and makes various clarifications to existing rules. These changes aim to provide firms with more flexibility and control while ensuring compliance with trading regulations.

The Cboe BZX Exchange, Inc. proposed changes to extend their Early Trading Session hours. The new hours will be from 4:00 a.m. to 8:00 a.m. Eastern Time, extending from the previous start time of 7:00 a.m. They also plan to allow orders to be accepted from 2:30 a.m. to 4:00 a.m., providing users more time to enter their orders for the early session. This change aims to provide traders with more opportunities to access liquidity early in the day, in line with similar sessions on other exchanges.

Nasdaq ISE, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning its FLEX trading rules. The proposed change aims to clarify how FLEX orders will be managed if the auction period goes beyond market closing. The rule change is designed for immediate effect, and interested parties are invited to submit their comments by April 8, 2025. Further details on the proposed rule change can be found on both the Nasdaq ISE and SEC websites.

NYSE American LLC has proposed a change to their options fee schedule, specifically increasing the fee for manual transactions by market makers from $0.35 to $0.50 per contract. This change aims to align NYSE American's fees with those of at least one other competing exchange. The Securities and Exchange Commission invites public comments on this proposal, which takes effect immediately but could be temporarily suspended within 60 days if deemed necessary for investor protection or public interest. The change is intended to foster competition and maintain market quality on the exchange.

Investors Exchange LLC (IEX) has filed a proposed rule change with the Securities and Exchange Commission, effective immediately, to amend its fee schedule for certain sub-dollar orders. The change revises the fee for an order that routes to and removes liquidity from another exchange at a price under $1.00. Instead of charging the cost imposed by the away exchange plus $0.0001 per share, IEX will now charge this cost plus 0.02% of the total dollar value of the execution. Comments on the proposal are invited to be submitted to the Commission by February 6, 2025.