Search Results for keywords:"options trading"

Cboe BZX Exchange, Inc. has filed a proposal with the Securities and Exchange Commission to change its rules to allow listing options on certain Bitcoin ETFs, such as the iShares Bitcoin Trust and the Grayscale Bitcoin Trust. The primary goal is to give investors a way to trade options tied to Bitcoin prices through a regulated exchange, which can be more transparent and secure than over-the-counter markets. These options will have a position limit of 25,000 contracts to prevent market manipulation, and the proposal includes provisions for initial and continued listing standards. The SEC is inviting public comments on this proposal.

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 Cboe EDGX Exchange, Inc. filed a rule change with the Securities and Exchange Commission to list and trade options on the Fidelity Ethereum Fund. This fund is an Ethereum-backed commodity ETF, aiming to reflect Ethereum's performance and provide investors exposure to the Ethereum market without direct handling of the cryptocurrency. The Exchange proposes specific position and exercise limits for these options to minimize risks and maintain a fair trading environment. The SEC is seeking public comments on this rule change proposal before making a decision.

The Securities and Exchange Commission (SEC) has received a proposal from Cboe Exchange, Inc. to amend certain rules, allowing them to list and trade options on three Ethereum-based ETFs: the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal includes changes to rules about the criteria for underlying securities, as well as position and exercise limits for these options, which are based on the number of shares and trading volume. The goal is to provide investors with a new tool for managing risks associated with investments in Ethereum. The SEC is seeking public comments on this proposal to consider its compliance with the Securities Exchange Act of 1934.

The Securities and Exchange Commission has announced that the Miami International Securities Exchange is proposing a change to its rules that would allow the listing and trading of options on Commodity-Based Trust Shares. These trust shares represent interests in a trust that holds specific commodities and sometimes cash, similar to how some ETFs work. The purpose of the change is to make it easier and faster to list options on these trust shares once they have met initial criteria without needing further approvals. This proposal is part of a competitive effort alongside other exchanges like Nasdaq, NYSE, and Cboe, and aims to increase investment options for market participants while promoting competition and consistency in the rules for trading such options.

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 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 (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 Cboe BZX Exchange has proposed a rule change to allow the listing and trading of options on shares of the Fidelity Ethereum Fund, an Ethereum-backed commodity ETF. This rule change aims to provide investors with a cost-effective investment tool for gaining exposure to Ethereum prices and positions, without dealing with the complexities of Ethereum delivery. The Exchange believes this will increase market transparency and improve price discovery while offering investors a regulated environment to trade these options. The proposed options would have American-style settlement and conform to existing Exchange rules, including position and exercise limits of 25,000 contracts.