Search Results for keywords:"Nasdaq PHLX LLC"

Nasdaq PHLX LLC has proposed changes to its fees for data products related to options trading. The changes would increase monthly fees for Internal and External Distributors for the Top of PHLX Options (TOPO), PHLX Orders, and TOPO Plus Orders, while keeping the fees for Non-Professional and Professional Subscribers the same. The proposal highlights that these changes will align Nasdaq PHLX's fees with those of other exchanges, and aims to provide a fair allocation of costs among users. The Securities and Exchange Commission is reviewing the proposed changes and seeking public comment before making a final decision.

Nasdaq PHLX LLC proposed a rule change to the Securities and Exchange Commission (SEC), aiming to clarify and modify several aspects of its FLEX Options trading. These changes include clarifying certain trading functionalities, listing specific FLEX Index Options, and setting criteria for cash settlement of FLEX Options on certain Exchange-Traded Funds. The SEC, needing more time to review the proposal, extended the deadline for their decision until January 27, 2025. The proposed rule change had been available for public comment, but no comments were received.

Nasdaq PHLX LLC proposed changes to its pricing schedule to modify the Qualified Market Maker (QMM) Program. The revisions involve increasing the number of securities a QMM must quote at the national best bid and offer (NBBO) to qualify for certain credits, while decreasing the number needed to earn higher supplemental credits, aiming to enhance market quality. The Exchange believes these adjustments are reasonable, equitable, and non-discriminatory, promoting better market participation and quality. Comments on the proposed changes are invited from the public via the Securities and Exchange Commission (SEC) within a specified timeframe.

Nasdaq PHLX LLC, an exchange, submitted a rule change to the Securities and Exchange Commission (SEC) to amend its pricing schedule for certain options. The changes involve updating the criteria for Qualified Contingent Cross (QCC) rebates and enhancing the Floor Broker Incentive Program by expanding volume criteria and rebate tiers. The rule is designed to take effect immediately, and the SEC is seeking public comments on whether these changes comply with the Securities Exchange Act of 1934. The public can submit feedback through the SEC's website or via email until April 7, 2025.

Nasdaq PHLX LLC has submitted a proposal to increase fees related to its Specialized Quote Feed (SQF) Ports and SQF Purge Ports by 10%, effective January 1, 2025. This increase aims to help the Exchange maintain and enhance its market technology infrastructure. The company argues that it hasn't raised these fees since the mid-2010s, while inflation and the costs of improving services have increased. The proposal invites interested individuals to send comments or concerns to the Securities and Exchange Commission within the stipulated period.

Nasdaq PHLX LLC proposed changes to lower the Options Regulatory Fee (ORF) starting in 2025. From November 1, 2024, to December 31, 2024, they plan to reduce the ORF fee from $0.0034 to $0.0022 per contract. Beginning January 1, 2025, the methodology for assessing ORF will change to include different rates for options traded on different exchanges, with new rates applied to various transactions except those by market makers. The proposal aims to ensure that the fees collected cover regulatory costs without exceeding them.

Nasdaq PHLX LLC, known as the Exchange, has filed a proposal with the Securities and Exchange Commission (SEC) to delay the implementation of a new Options Regulatory Fee (ORF) and its accompanying methodology. This delay pushes the start of the new ORF to June 1, 2025, and it will end on December 1, 2025. Additionally, starting March 1, 2025, the Exchange plans to revert its ORF to $0.0034 per contract side. The SEC is inviting public comments on this proposal, which aims to ensure the change aligns with regulations.

Nasdaq PHLX LLC has proposed a new rule to establish fees for expanded co-location services at its data center in Carteret, NJ, as filed with the Securities and Exchange Commission. The proposal introduces a range of fees for new Ultra High Density Cabinets, cabinet installation, and power distribution units (PDUs) in the expanded facility, known as NY11-4. These changes are intended to reflect the costs and operational efficiencies of supporting higher density power options. The fees, which are consistent with market rates, are meant to cover the increased costs and provide flexibility for customers in managing their connections to the exchange.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to update its complex order functionality to match that of ISE and MRX, focusing on technology enhancements for better performance and scalability. The proposed updates include adopting the same Legging Order and Complex Order functionalities and new risk protections, aligning rules across the different exchanges to offer a unified experience to market participants. The proposal also includes updates to definitions and order types for complex strategies and aims to limit potential disruptions during times of extreme market volatility, ensuring fair and orderly trading markets.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC) to introduce fees for its expanded co-location services. The rule change takes immediate effect, as allowed under specific provisions of the Securities Exchange Act. The SEC seeks public comments on this proposal, encouraging people to submit their views, data, and arguments concerning it. This feedback can be submitted through the SEC’s website or by mail, with all comments publicly accessible online.