Search Results for keywords:"BOX Exchange LLC"

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.

The Securities and Exchange Commission has published a notice about a rule change proposed by BOX Exchange LLC. This proposal involves amending several rules to allow the listing and trading of options on specific Ethereum-based ETFs, such as the Grayscale Ethereum Trust ETF and the Bitwise Ethereum ETF. The goal is to provide investors with a lower-cost, regulated option for exposure to Ethereum. The proposed rule includes measures to prevent market manipulation and protect investors, such as position limits for option contracts.

The Securities and Exchange Commission has announced that the BOX Exchange LLC filed a proposed rule change to extend the period that certain individuals can act as principals without having passed applicable qualification exams. This change is in response to disruptions caused by the COVID-19 pandemic, which have made it difficult for candidates to take these exams. The proposal allows those acting as principals since before January 1, 2021, to continue in their roles until April 30, 2021, without completing the exams. This temporary rule aligns with similar measures by other self-regulatory organizations and aims to maintain operational stability during the pandemic while ensuring investor protection.

The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC filed a proposed rule change to allow options trading on Bitcoin Funds, including the Grayscale Bitcoin Trust and Bitwise Bitcoin ETF. This proposal, effective immediately, aligns with a similar rule change recently approved for another exchange, NYSE American. The BOX Exchange argues that offering Bitcoin Fund options will provide investors with cost-efficient investment tools and improved market transparency. The regulatory filing outlines the rules and safeguards, including position limits and surveillance measures, to ensure fair and transparent trading.

The Securities and Exchange Commission (SEC) disapproved a proposed rule change by BOX Exchange LLC to establish the Boston Security Token Exchange LLC as a facility for trading securities. This decision was made because the related BSTX Trading Rules Proposal, which outlined how trading would occur and how the exchange would regulate it, was also disapproved. The SEC found that without these approved trading rules, BOX Exchange could not ensure the proposed exchange would operate in a manner consistent with the Exchange Act. Consequently, the proposed rule change did not meet the regulatory requirements set forth by the Exchange Act.

The Securities and Exchange Commission (SEC) has approved a rule change proposed by BOX Exchange LLC that allows the trading of options on the iShares Bitcoin ETF. This decision follows a similar proposal approved for Nasdaq ISE. The rule, effective immediately, establishes new position and exercise limits for these options, set at 25,000 contracts. This move is intended to provide investors with a cost-effective method to gain exposure to Bitcoin through a familiar public securities market. Additionally, BOX Exchange updated its rules to reflect the current names of certain trust funds.

The Securities and Exchange Commission (SEC) is considering a proposed rule change filed by BOX Exchange LLC. This change involves amendments to BOX Rule 7620, which would allow Floor Brokers to enter opening cabinet orders on behalf of customers and floor market makers, and clarify that these orders will execute in open outcry. Although the proposed rule was published for comment, the SEC received no responses. To ensure a thorough evaluation, the SEC is extending the decision period until March 30, 2021, to determine whether to approve or disapprove the proposal.

The Securities and Exchange Commission has announced that BOX Exchange LLC filed a rule change regarding its fee schedule for the BOX Options Market. This change, effective January 4, 2021, revises fees and introduces new credits for different types of trades, such as PIP, COPIP, Facilitation, and Solicitation transactions. The alterations aim to simplify the fee schedule, reduce confusion, and encourage more trading activity on BOX Options by offering financial incentives for specific order types. Comments from the public are welcomed until February 16, 2021.

The Securities and Exchange Commission (SEC) has announced a proposed rule change by the BOX Exchange LLC regarding the fees for Floor Market Maker manual transactions on the BOX Options Market LLC facility. This change was filed on January 16, 2025, and is set to be effective immediately. The SEC is inviting the public to submit comments on this proposed change. Anyone interested in providing feedback can do so through the SEC's website or by sending an email, with submissions accepted until February 27, 2025.

The Securities and Exchange Commission (SEC) announced that the BOX Exchange LLC has filed a proposal to amend its Fee Schedule for the upcoming year, 2025. The proposed changes involve establishing a new fee system called CAT Fee 2025-1, which sets the fee at $0.000022 per executed equivalent share. This fee helps cover the costs associated with the Consolidated Audit Trail (CAT), a system that tracks trading activity in the national market. The CAT Fee 2025-1 is intended to replace the previous CAT Fee 2024-1, which had a higher rate, and will be in effect for six months to cover half of the budgeted CAT costs. Interested parties are invited to submit comments on these changes by January 29, 2025.