Search Results for keywords:"options trading"

The Securities and Exchange Commission has shared a proposed rule change by NYSE Arca, Inc. to alter the limits for options on the Grayscale Bitcoin Trust (GBTC). Specifically, it aims to increase the position and exercise limits from 25,000 to 250,000 contracts, and to allow GBTC options to trade as Flexible Exchange Options (FLEX Options). The proposal is intended to boost market activity by enabling larger trades, improve competition against over-the-counter markets, and offer new trading tools similar to existing options on ETFs like gold and silver shares. The Commission is inviting public comments on this proposed change.

The Cboe Exchange, Inc. has proposed a rule change to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 Scored & Screened Index. This change aims to align these options with other broad-based index options like those for the S&P 500, which already have no such limits. By removing these restrictions, the Exchange believes it will increase trading flexibility and enhance the ability of market participants to execute their investment strategies across related indexes. The proposal also notes that similar options without these limits have ample market liquidity, reducing concerns about market manipulation.

The Securities and Exchange Commission has announced the filing by BOX Exchange LLC of a rule change to allow options trading on two Bitcoin funds: the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. These changes involve amendments to certain rules regarding position limits and criteria for underlying securities, similar to recent approvals granted to Cboe Exchange. The Exchange emphasizes the potential benefits for investors, such as improved market efficiency and transparency, and asserts that its existing surveillance measures are sufficient to ensure fair trading and detect any manipulative practices. The proposed rule change is expected to enhance competition and offer investors a new, priced-efficient way to access Bitcoin-related securities.

The Securities and Exchange Commission has announced that Cboe EDGX Exchange proposed a new rule to allow the listing and trading of options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF that provides a way for investors to gain exposure to Ethereum without directly dealing with the digital currency. The proposed rule ensures the fund meets necessary listing and trading standards, including criteria for underlying securities, position limits, and surveillance measures to protect against market manipulation. Additionally, options on this fund can be traded in a regulated environment, providing transparency and efficiency benefits compared to the over-the-counter market.

Nasdaq PHLX LLC has proposed changes to its fees for data products related to options trading. The changes would increase monthly fees for Internal and External Distributors for the Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders, while keeping the fees for Non-Professional and Professional Subscribers the same. The proposal highlights that these changes will align Nasdaq PHLX's fees with those of other exchanges, and aims to provide a fair allocation of costs among users. The Securities and Exchange Commission is reviewing the proposed changes and seeking public comment before making a final decision.

The Securities and Exchange Commission has announced a proposed rule change filed by NYSE Arca, Inc. This change allows the listing and trading of options on the iShares Ethereum Trust ETF and the Fidelity Ethereum Fund, which are both related to Ethereum, a cryptocurrency. The move is intended to offer investors more ways to trade and hedge against Ethereum price changes, and the options will be traded under strict guidelines to ensure market stability and investor protection. The SEC is inviting public comments on these proposed changes.

The Securities and Exchange Commission (SEC) has announced that MEMX LLC has filed a proposed rule change to amend its Rule 19.5 concerning options trading. This change aims to align MEMX’s rules with other national securities exchanges regarding the $1 Strike Price Program. The SEC has allowed this rule change to take effect immediately to avoid confusion among traders and because it poses no new regulatory issues. The public is invited to comment on the proposed rule change by April 7, 2025.

In a notice published by the Securities and Exchange Commission, the MIAX PEARL, LLC proposed a change to its rules to allow the listing and trading of options on the iShares Ethereum Trust. This change is intended to give investors a more cost-effective way to invest in Ether, a type of cryptocurrency, without directly owning it. The rule change aligns with similar approvals from other exchanges and aims to enhance the tools available to investors for managing their investment portfolios. The proposal has been filed to encourage comments from the public and does not impose significant burdens on competition or investor protection.

The Securities and Exchange Commission gave notice of the Cboe Exchange's proposed rule change, allowing for listing and trading options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and the Bitwise Ethereum ETF. The proposal seeks to amend existing rules to facilitate these options trades, adding a position limit of 25,000 contracts per Ethereum Fund option. The Cboe Exchange argues that trading options on these funds will provide investors a cost-effective and transparent way to gain exposure to Ethereum without directly handling the cryptocurrency. The SEC is inviting public comments on this notice and has waived the typical 30-day waiting period, allowing the rule to take immediate effect.

The Securities and Exchange Commission is considering a proposed rule change by Cboe BZX Exchange, Inc. This proposal aims to allow the exchange to list and trade options on specific Ethereum-backed Exchange-Traded Funds (ETFs) such as the Grayscale Ethereum Trust ETF and the Bitwise Ethereum ETF. The change is designed to offer investors a new way to gain exposure to the price movements of Ethereum while ensuring adherence to existing trading rules. The Commission intends to seek public comments on the proposal to ensure that it meets regulatory standards before deciding on its approval.