Search Results for keywords:"surveillance measures"

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Search Results: keywords:"surveillance measures"

  • Type:Notice
    Citation:89 FR 95834
    Reading Time:about 49 minutes

    The Securities and Exchange Commission has announced the filing by BOX Exchange LLC of a rule change to allow options trading on two Bitcoin funds: the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. These changes involve amendments to certain rules regarding position limits and criteria for underlying securities, similar to recent approvals granted to Cboe Exchange. The Exchange emphasizes the potential benefits for investors, such as improved market efficiency and transparency, and asserts that its existing surveillance measures are sufficient to ensure fair trading and detect any manipulative practices. The proposed rule change is expected to enhance competition and offer investors a new, priced-efficient way to access Bitcoin-related securities.

    Simple Explanation

    The government has allowed a company to let people trade new types of contracts that deal with Bitcoin funds, making it easier and safer for everyone to invest in Bitcoin. They promise to keep an eye on things to make sure no one cheats or tricks others.

  • Type:Notice
    Citation:90 FR 12578
    Reading Time:about 48 minutes

    The Securities and Exchange Commission (SEC) has published a notice about proposed changes to the NYSE Chicago, Inc. rules to allow listing and trading of certain Exchange-Traded Products (ETPs). These changes align NYSE Chicago rules with those of NYSE Arca, aiming for consistency and facilitating competition in ETP listings. The new rules are designed to enhance transparency and clarity in exchange rules while ensuring comprehensive oversight through existing surveillance measures. Interested parties are invited to submit their comments on these proposals to the SEC.

    Simple Explanation

    The SEC is thinking about changing some rules to allow a special kind of stocks, called Exchange-Traded Products, to be bought and sold more easily on the NYSE Chicago, just like on another big exchange. They want to make sure everything is clear and fair, and they are asking people for their thoughts on these new ideas.

  • Type:Notice
    Citation:90 FR 16305
    Reading Time:about 60 minutes

    The Securities and Exchange Commission (SEC) has received a proposal from Cboe EDGX Exchange, Inc. to change its rules. This change would allow the exchange to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal outlines the procedures, position limits, and surveillance measures Cboe EDGX will implement to ensure fair and orderly trading of these options. The SEC is inviting public comments on the proposal, and it will become effective unless the SEC suspends it for further review.

    Simple Explanation

    The SEC got a request from a company to change some rules so they can offer new kinds of "betting slips" called options based on things called Ethereum Trusts and ETFs. They are making sure that everything will be fair and safe for people who want to trade these options.