Search Results for keywords:"trading volumes"

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Search Results: keywords:"trading volumes"

  • Type:Notice
    Citation:89 FR 101674
    Reading Time:about 18 minutes

    The NYSE American LLC has proposed a temporary change to its Options Regulatory Fee (ORF). From December 1 to December 31, 2024, the ORF will be waived to ensure that the fees collected do not exceed the Exchange's regulatory costs due to high trading volumes. The ORF will resume on January 1, 2025, at the rate of $0.0038 per contract. The proposal also includes cleaning up outdated language from past fee schedules to make them clearer. The Securities and Exchange Commission (SEC) is seeking public comments on this rule change.

    Simple Explanation

    The NYSE American wants to stop charging a special fee for a month because they already have enough money from all the trading going on, and they plan to start charging it again next year.

  • Type:Notice
    Citation:89 FR 101650
    Reading Time:about 18 minutes

    The NYSE Arca, Inc. has proposed a temporary waiver of the Options Regulatory Fee (ORF) for all transactions cleared in the Customer range at the Options Clearing Corporation from December 1, 2024, to December 31, 2024. This waiver is intended to ensure that the ORF collections do not exceed the exchange's regulatory costs, as high trading volumes have increased ORF collections beyond projections, despite a rate reduction. The ORF is set to resume at its current rate on January 1, 2025, and the exchange will monitor costs to decide if further adjustments are necessary. Additionally, the exchange aims to remove outdated fee schedule language for clarity.

    Simple Explanation

    NYSE Arca, Inc. is stopping a special fee called the Options Regulatory Fee (ORF) from being charged on certain trades for one month in December 2024 because they've collected more money than needed to cover their costs. They will start charging the fee again in January 2025 but are watching to make sure they don't collect too much money.

  • Type:Notice
    Citation:86 FR 11356
    Reading Time:about 31 minutes

    The NYSE Arca, Inc. has proposed a rule change to the Securities and Exchange Commission to set up new procedures for allocating power to its co-located users. This change is in response to increased demand for power, partly due to high trading volumes during the COVID-19 pandemic. The proposal includes limitations on how much power and how many cabinets users can purchase if inventory or capacity drops below certain levels. Users may be put on a waitlist if resources reach zero, ensuring fair distribution without unfair discrimination between different market participants.

    Simple Explanation

    The NYSE Arca wants to make new rules about sharing electricity with their users who rent space in the same building. These rules are to make sure everyone gets a fair amount of power, especially when there's not enough to go around, kind of like sharing candy with friends when the bowl starts getting empty.

  • Type:Notice
    Citation:90 FR 13240
    Reading Time:about 96 minutes

    The Securities and Exchange Commission has received a proposal from Cboe BYX Exchange, Inc. to modify its Rule 11.24. The proposed changes aim to enhance the Retail Price Improvement Program by introducing an "Enhanced RPI Order" that could provide more price improvement opportunities for retail investors. This new order type allows participants to post orders at their limit price and offer better pricing to beat other resting orders, potentially leading to better execution for small investors. The proposal also suggests expanding the program to include securities priced below $1.00, intending to attract more retail orders to the exchange.

    Simple Explanation

    Imagine a store where people can buy things, and now they want to make it even better for small buyers by letting them get better prices, especially for items that cost less than $1.00. They also want to make it easier for these small buyers to get good deals compared to others waiting in line.