Search Results for keywords:"Securities and Exchange Commission"

Cboe BZX Exchange, Inc. has proposed a rule change to update its fee schedule for certain market data feeds. The proposed changes aim to waive External Distribution and Data Consolidation fees for new Uncontrolled External Distributors of specific data feeds, like BZX Top and Cboe One Summary, until they gain users. This is intended to encourage vendors to adopt these feeds and broaden distribution without immediate costs. The proposal is meant to promote fair competition and is part of Cboe's efforts to minimize business costs for distributors.

Cboe BZX Exchange, Inc. has submitted a proposal to the Securities and Exchange Commission (SEC) to list and trade shares of the 21Shares Core Solana ETF under their specific rules for Commodity-Based Trust Shares. The primary goal is to give investors regulated access to Solana, a popular cryptocurrency. Cboe argues that trading Solana in this way can limit risks for investors typically exposed to through unregulated digital asset platforms. The proposal emphasizes that Solana's design makes it challenging to manipulate its price, aiming to address concerns about fraud and investor protection.

The Cboe BYX Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedule, specifically regarding the use of Dedicated Cores. Dedicated Cores offer users full CPU processing power, which can improve trading performance, and are available on a voluntary basis. The Exchange plans to charge progressively higher fees based on the number of Dedicated Cores a user purchases beyond the initial two, which are free. The proposal also increases the overall cap on the number of Dedicated Cores a member can have to better meet demand while maintaining fairness in allocation due to physical space constraints.

The Securities and Exchange Commission (SEC) has announced that the New York Stock Exchange (NYSE) is planning to raise certain subscription fees for its NYSE Integrated Data Feed, effective February 3, 2025. The fee hike, the first since 2016, will see increases of up to 12.31% in Access, Redistribution, Professional User, and Non-Display fees. This adjustment aligns with inflation metrics specific to the data processing industry, reflecting NYSE's investments in technological enhancements to handle higher message rates. The proposal will be open for public comments, and interested individuals can submit their thoughts by January 21, 2025.

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 requesting an extension for collecting certain information using Form 1-K, as required under the Paperwork Reduction Act. Form 1-K is mandatory for Tier 2 issuers who conduct offerings under Regulation A and need to file annual reports. There are about 353 issuers that file this form each year, and preparing it requires around 600 hours. The public can submit comments on this information request from December 12, 2024, to January 13, 2025.

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.

The Securities and Exchange Commission has published a notice regarding a proposed rule change submitted by NYSE Arca, Inc. This change involves updating the fee schedule by eliminating charges and credits related to Self Trade Prevention Modifiers and Market Data Revenue Sharing Credits, as both have become obsolete. The proposal is intended to streamline the fee schedule for clarity and does not introduce any new fees. The SEC invites public comments on this proposal, encouraging interested individuals to submit their opinions by February 16, 2021.

Cboe BZX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. These ports are used by members and non-members to connect to the exchange. The increase is intended to help maintain and improve market technology and services, as well as keep fees in line with or lower than similar charges by other exchanges. The notice invites public comments and explains the rationale behind the fee change, such as inflation impacts and investments in technology improvements.

The Securities and Exchange Commission (SEC) has published a notice regarding a rule change proposed by NYSE American LLC. The proposal seeks to update the NYSE American Options Fee Schedule. It involves new ways for Initiating Participant Credits to be awarded under the CUBE Auctions and introduces a new rebate for ATP Holders qualifying for Tier B of the Professional Volume Incentive Program. This rule change aims to boost market activity and improve pricing and liquidity, benefiting all market participants. The SEC is inviting the public to comment on this proposed rule change.