Search Results for keywords:"NYSE American"

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Search Results: keywords:"NYSE American"

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  • 2021-03545 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.35C To Change the Auction Reference Price for Exchange-Facilitated Core Open Auctions
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    Type:Notice
    Citation:86 FR 11024
    Reading Time:about 15 minutes

    The Securities and Exchange Commission is considering a proposed rule change by the New York Stock Exchange (NYSE) that aims to amend Rule 7.35C. This change would alter the way the Auction Reference Price is determined for Core Open Auctions, aligning it with the methods used by NYSE's affiliates, NYSE Arca, and NYSE American. The modification seeks to minimize the likelihood of these auctions being subject to price collars, particularly during periods of significant market volatility. The proposed rule change has been filed and is available for public comment, with the aim of promoting a smoother operation of market openings.

    Simple Explanation

    The person in charge of watching over how people buy and sell stocks (the Securities and Exchange Commission) is looking at a new idea from a big stock market (the New York Stock Exchange). They want to change how a special price is decided when trading starts for the day, so it matches what their friends do and avoids problems if things get too crazy.

  • 2021-02116 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating To Amend Its Fee Schedule To Eliminate Certain Routing Fee Codes
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    Type:Notice
    Citation:86 FR 7907
    Reading Time:about 14 minutes

    Cboe BZX Exchange, Inc. is proposing a change to its fee schedule by eliminating two specific routing fee codes, 8 and MX, due to minimal usage. These codes relate to orders routed to NYSE American with specific strategies. Instead, affected orders will now fall under fee code X, which applies to all other unspecified routed orders. The proposal aims to streamline operations and ensure competitive pricing, as the market environment allows participants to choose between various trading platforms based on their fee preferences. The Securities and Exchange Commission (SEC) invites public comments on this proposed rule change.

    Simple Explanation

    Cboe BZX Exchange is changing its price list by getting rid of two special codes because hardly anyone uses them; now, those orders will just use a different code that fits most orders. The SEC is asking people what they think about this change.