Search Results for keywords:"competition"

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Search Results: keywords:"competition"

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  • 2024-30349 — Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule
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    Type:Notice
    Citation:89 FR 104279
    Reading Time:about 12 minutes

    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.

    Simple Explanation

    NYSE American wants to charge its market makers more money for some trades to match what another exchange is doing, and the people who make the rules about fair trading are asking everyone what they think about this change.

  • 2021-01728 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Expand the Annual Listing Fee Cap for Outcome Strategy ETPs To Include Series Having Returns Based on Two or More Reference Indexes
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    Type:Notice
    Citation:86 FR 7327
    Reading Time:about 10 minutes

    The Cboe BZX Exchange, Inc. has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee structure for listing certain financial products called Outcome Strategy Exchange-Traded Products (ETPs). This change involves expanding the annual listing fee cap, now $16,000 per year, to include ETPs that base their returns on the performance of more than one reference index. The proposal aims to make listing costs more affordable and to encourage more issuers to list or transfer their ETPs to the Exchange, thereby fostering competition. The SEC is inviting public comments on this proposal before it makes a final decision.

    Simple Explanation

    The Cboe BZX Exchange wants to make it cheaper for people to list certain money products called Outcome Strategy ETPs, which are like special financial tools that track how well different things are doing. They are asking for permission to charge less for these money products that look at more than one thing, hoping it will help more people use their exchange, but we don't know exactly how this will change things for them.

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