Search Results for keywords:"Cboe BYX Exchange"

The Securities and Exchange Commission published a notice about a proposed rule change for the Cboe BYX Exchange. The change involves allowing the Exchange's Match Trade Prevention (MTP) functionality to be used when entering Periodic Auction Orders. This aims to help users manage their orders and prevent undesirable trades, like wash sales, without interfering with ongoing auctions. Although MTP for Periodic Auctions would have some operational differences, it is meant as an optional risk tool and doesn't affect existing auction processes.

Cboe BYX Exchange, Inc. has proposed a new rule to introduce a monthly fee for members who use multiple Market Participant Identifiers (MPIDs). The fee of $150 per MPID, with the first MPID being free, is intended to encourage efficient use of MPIDs. The exchange believes this fee is reasonable and consistent with similar charges by other exchanges like Nasdaq, which imposes a higher MPID fee. The proposal is now open for public comments, and interested individuals can share their feedback with the Securities and Exchange Commission.

Cboe BYX Exchange, Inc. is proposing a new rule to amend its fee schedule by introducing fees for the use of "Dedicated Cores," which provide enhanced processing power by dedicating a CPU core to a single user rather than sharing it with others. Users can receive up to two Dedicated Cores at no extra cost, but additional cores will incur fees ranging from $650 to $1,050 based on the number used. The Exchange believes these changes would improve trading efficiency and performance while remaining optional and flexible for users. The new rule is designed to ensure fair access to these resources while managing limited data center space.

On July 17, 2020, the Cboe BYX Exchange proposed a new rule to introduce periodic auctions for trading U.S. equity securities. This proposal was filed with the Securities and Exchange Commission (SEC) and was published for public comment in August 2020. After receiving comments and amending the proposal twice, the SEC is now considering whether to approve or disapprove it. The decision deadline has been extended to April 1, 2021, to allow the SEC more time for evaluation.

The Securities and Exchange Commission is reviewing a proposed rule change from Cboe BYX Exchange, Inc. This change would allow users to use match trade prevention when they enter periodic auction orders on the exchange. The Commission has decided to extend the decision deadline to February 16, 2025, to have enough time to consider the proposal, which includes modifications made in Amendment No. 1. This extension ensures the Commission can make a well-informed decision on whether to approve or disapprove the rule change.

Cboe BYX Exchange, Inc. has proposed a new rule change that introduces a fee waiver for Uncontrolled External Distributors in the Market Data section of its Fee Schedule. This rule change has been filed with the Securities and Exchange Commission (SEC) and is set for immediate effectiveness. The public is invited to submit comments on this proposed change, with submissions needing to reference the file number SR-CboeBYX-2025-002. The SEC will accept comments via email, mail, or through the internet until March 21, 2025.

Cboe BYX Exchange, Inc. proposed a rule change to allow users to use Match Trade Prevention when entering Periodic Auction Orders. This proposal was initially filed with the Securities and Exchange Commission (SEC) on June 6, 2024, and further modified by an amendment on September 18, 2024. The proposed change aimed to adjust how trades are processed on the exchange platform. However, on January 8, 2025, Cboe BYX withdrew the proposed rule change.

The Securities and Exchange Commission has approved proposed rule changes by four exchanges—Cboe BYX, Cboe BZX, Cboe EDGA, and Cboe EDGX. These changes aim to automate the process for re-opening trading of NYSE-listed securities outside of regular hours when a halt is lifted. Previously, this was done manually by exchange staff, but the new system will automatically restart trading if certain conditions are met, improving efficiency. The SEC found these changes to be consistent with regulations that ensure a fair and open market, with no public comments opposing the proposals.

Cboe BYX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedule, focusing on handling billing errors and disputes. The proposed change would make all fees and rebates final after three months, aiming to encourage timely review of invoices by members and non-members. The proposed rule also requires any fee disputes to be submitted in writing with supporting documentation within this period. The Exchange believes that these changes will reduce administrative burdens and create a fair, consistent policy for resolving billing issues.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.