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2021-02991 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend its Price List To Extend the Waiver of Equipment and Related Service Charges and Trading License Fees
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February 16, 2021
Type:Notice
Citation:86 FR 9546
Reading Time:about 16 minutes
The New York Stock Exchange (NYSE) is proposing an extension of the waiver on certain fees for member organizations operating on the Trading Floor. Since the Trading Floor continues to operate with reduced capacity due to COVID-19, the NYSE wants to keep offering these waivers to help reduce financial burdens for these organizations. The extended waiver covers 50% of charges related to telephone systems and service fees, as well as trading license fees for eligible firms. The rule change was filed for immediate effectiveness to ease costs for firms affected by the pandemic-related partial closure of the Trading Floor.
Simple Explanation
The New York Stock Exchange (NYSE) is letting some people who trade there keep more money by not charging them certain fees, because COVID-19 has made it hard for them to work normally. They want to help those people save money because the place where they usually work is not as busy as it used to be.
2021-01129 — Self-Regulatory Organizations; Nasdaq Phlx LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify Phlx Options 8, Section 28, “Responsibilities of Floor Brokers” and Section 30, “Crossing, Facilitation and Solicited Orders”
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January 21, 2021
Type:Notice
Citation:86 FR 6389
Reading Time:about 24 minutes
Nasdaq Phlx LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow Floor Brokers to use a system called FBMS remotely. This change would permit them to handle certain types of orders without being physically on the Trading Floor, which is especially helpful when open outcry (public bid sharing) is not available. The proposal aims to give greater flexibility in staffing and operations, so business can continue smoothly, even during situations like Trading Floor closures. The SEC invites public comments on this proposal to ensure it aligns with investor protection and market fairness.
Simple Explanation
Nasdaq wants to let some brokers work from home using a special computer system, so they can still do their jobs even if the place they usually work is closed. The SEC is asking people if they like this idea or have any concerns.
2025-02496 — Self-Regulatory Organizations; MIAX Sapphire, LLC; Notice of Filing and Order Granting Accelerated Approval of a Proposed Rule Change To Amend Exchange Rule 1014, Imposition of Fines for Minor Rule Violations
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February 12, 2025
Type:Notice
Citation:90 FR 9441
Reading Time:about 17 minutes
The Securities and Exchange Commission has approved a rule change proposed by MIAX Sapphire, LLC, concerning fines for minor rule violations on its Trading Floor. The amended rule, called Exchange Rule 1014, introduces new penalties for several types of minor infractions. The changes aim to prevent disruptive behaviors and ensure the smooth operation of the Trading Floor. These adjustments are in line with the rules of a similar exchange and are intended to help enforce compliance with established regulations while shielding investors and the public interest.
Simple Explanation
The government wants to ensure people follow the rules when trading, so they approved new fines for small mistakes on the Trading Floor to keep things running smoothly. This change is a bit like what a similar place has done, hoping these fines will make people follow the rules better.

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