Search Results for keywords:"trading efficiency"

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Search Results: keywords:"trading efficiency"

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  • 2025-02386 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change To Amend Equity 4 To Establish Halt Cross Price Protections and Make Other Related Changes
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    Type:Notice
    Citation:90 FR 9259
    Reading Time:about 45 minutes

    The Securities and Exchange Commission has approved a proposed rule change by The Nasdaq Stock Market LLC to improve its rules around trading halts and reopenings. This change introduces new price protections for when trading resumes after a halt, designed to ensure that stock prices do not deviate aggressively before trading starts again. The approved changes will incorporate a process to ensure price stability and transparency, helping improve the overall efficiency of trading and better protect investors. Additional adjustments include the removal and clarification of certain terms and references to enhance understanding and compliance.

    Simple Explanation

    When a game of musical chairs stops, everyone waits for one person to say "go" again. Nasdaq wants to make sure that when the game resumes, everyone knows the rules and nobody moves too fast, keeping things fair and clear for everyone playing.

  • 2024-28112 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for New Logical Ports in Connection With a New Connectivity Offering on Its Equity Options Platform
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    Type:Notice
    Citation:89 FR 95294
    Reading Time:about 30 minutes

    Cboe BZX Exchange, Inc. has introduced a new rule to implement fees for new types of logical ports on its equity options platform. This change is part of a new connectivity offering called "Unitized Logical Ports," which is meant to improve consistency and efficiency in trading by reducing the natural variance in processing messages. Alongside, Cboe BZX is also proposing Average Daily Order (ADO) and Average Daily Quote (ADQ) fees to regulate extensive use of the system's resources. These changes are optional for members, aimed at encouraging efficient use and ensuring that resources are not overused, impacting system performance.

    Simple Explanation

    Cboe BZX Exchange is adding new fees for special computer connections that help with trading, and these fees might be confusing or expensive for some smaller traders. They say the goal is to make trading more efficient and fair, but some people are worried it could make trading harder or costlier for those who don’t trade as much.

  • 2024-28113 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Adopt an OTTO Protocol
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    Type:Notice
    Citation:89 FR 95321
    Reading Time:about 29 minutes

    Nasdaq BX, Inc. filed a proposed rule change with the Securities and Exchange Commission to implement a new order entry protocol called Ouch to Trade Options (OTTO). This protocol is designed to give users an alternative to existing protocols, offering features like quicker communication for order management and risk protection. It aims to enhance trading efficiency and competitive standing in the options market. The proposal also includes amendments to related rules and introduces a pricing model for using OTTO, set to be implemented by December 2025.

    Simple Explanation

    Nasdaq is adding a new tool called OTTO to help people buy and sell options more easily and safely, like having a quicker and safer way to send messages about their trades.