Search Results for keywords:"Nasdaq BX"

In a proposed rule change, Nasdaq BX, Inc. seeks to adjust the intervals between strikes for Short Term Options Series (STOS) contracts that have expiration dates more than twenty-one days from their listing date. This change aims to create a more efficient market by reducing the number of strikes for less frequently traded options, refining them based on customer demand and the stock's price. The Securities and Exchange Commission (SEC) approved this proposal, as it aligns with regulations designed to improve market operations and protect investors. Public comments generally supported the proposal, with some suggestions for simplifying its implementation.

Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission to update Rule 4759, which governs the data feeds the exchange uses for handling and executing orders. The proposed amendment aims to add a direct data feed from MIAX PEARL, LLC and MEMX LLC as the primary sources, while CQS/UQDF will become the secondary source, to ensure data is available even if the primary source fails. This change is intended to improve transparency and efficiency without affecting competition, and comments on the rule can be submitted to the SEC until March 15, 2021.

Nasdaq BX, Inc. has proposed a rule change relating to options trading that was officially filed with the Securities and Exchange Commission (SEC) on January 28, 2025. This proposal seeks to adjust the handling of responses in their Price Improvement Auction (PRISM) and clarify the Acceptable Trade Range rules. The SEC has made this notice public to gather comments and feedback on whether the changes comply with existing laws. People interested in sharing their views can submit their comments by February 28, 2025.

Nasdaq BX, Inc. has submitted a proposal to change the definitions of “class” and “series” in its rulebook, aiming to align them with those of its affiliated exchanges. This change was filed on December 20, 2024, and is immediately effective according to the Securities Exchange Act of 1934. The Securities and Exchange Commission (SEC) is asking the public for their comments and views on this proposed rule change. The details of the proposal and instructions for submitting comments can be found on the Nasdaq BX and SEC websites.

Nasdaq BX, Inc. has filed a notice with the Securities and Exchange Commission to increase fees for its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10% and 9%, respectively. The proposed changes are intended to help Nasdaq BX cover costs incurred from technology upgrades and to better align with inflation rates in the industry over recent years. These fees, which were last raised in 2016 and 2018, impact Market Makers who use these ports for trading on the exchange. The proposal claims these increases are fair and ensure continued investment in technology, benefiting participants by providing enhanced trading services.

Nasdaq BX, Inc. has proposed a rule change to adjust certain exchange fees based on inflation rates. These fee adjustments, which took effect upon proposal and will become fully operative by January 1, 2025, aim to restore the real value of fees that have remained static over time, eroding in purchasing power due to inflation. The changes will occur in three phases over three years, affecting specific market data products but not all fee categories. The adjustments are calculated using the Data Processing Producer Price Index (PPI) and aim to support the Exchange's ongoing investments in its data products and services.

Nasdaq BX, Inc. has proposed a rule change to adjust fees related to options market data products, such as BX Top and BX Depth, according to the rate of inflation. This change was filed with the Securities and Exchange Commission and is intended to take effect immediately, with the operational date set for January 1, 2025. The proposal aims to adjust various distribution and subscriber fees to account for inflation since they were last updated. The Securities and Exchange Commission is inviting public comments on this proposal, with comments due by February 3, 2025.

Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission to delay the implementation of a new Options Regulatory Fee (ORF) and its methodology, originally proposed in SR-BX-2024-054. This delay means the new fee and its methodology will now take effect on June 1, 2025, and will end on December 1, 2025. The proposal is immediately effective, and the public is invited to submit comments about it by March 3, 2025. For more details, the proposal is available on both Nasdaq BX's and the SEC's websites.

Nasdaq BX, Inc. has proposed a rule change to introduce fees for its expanded co-location services. This proposal was filed with the Securities and Exchange Commission (SEC) on January 8, 2025, and is set to take immediate effect. The SEC is inviting public comments on whether this rule change aligns with the Securities Exchange Act. Those interested can submit their views online or via mail, ensuring they reference file number SR-BX-2025-003 in their correspondence.

The Securities and Exchange Commission is considering a proposal from Nasdaq BX, Inc. to establish position and exercise limits for options on several Ethereum-based financial products, including the iShares Ethereum Trust and the Fidelity Ethereum Fund. These limits are set at 25,000 contracts each. The rule change aims to align BX's regulations with those of other exchanges, ensuring uniform trading conditions. This proposal is designated as "non-controversial," allowing it to bypass certain regulatory delays, and the public is invited to submit comments on the proposal.