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The Securities and Exchange Commission approved a rule change proposed by the Options Clearing Corporation (OCC) to enhance its risk management systems. This decision aims to better capture risks associated with short-dated options, which have become more prevalent in financial markets. The changes involve aligning model assumptions and developing tailored volatility estimates for options with a short expiration period. Such improvements are intended to help OCC manage financial risks more effectively and ensure the protection of securities and funds in its care.

The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. These applications are based on regulations laid out by the Bank Holding Company Act of 1956. The public can review these applications at designated Federal Reserve Banks or online. Comments on these applications must be submitted by February 10, 2021, to either the mentioned Reserve Bank or the Board of Governors.

The Miami International Securities Exchange has proposed new rules to allow the listing and trading of options on the B500 Index, a stock market index. These options will be available with both morning (A.M.) and afternoon (P.M.) settlements. The purpose of these changes is to offer investors more flexibility in managing their portfolios and to provide additional ways to hedge market risks. The proposal includes the inclusion of nonstandard expiration dates for options, which would allow trading on a wider range of days.

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 (SEC) is reviewing a proposed rule change from Cboe Exchange, Inc.. This rule change seeks to introduce Qualified Contingent Cross Orders for FLEX option trading. The SEC has extended its deadline to make a decision on whether to approve or disapprove the proposal until April 17, 2021. This extension allows the SEC more time to consider the proposal in detail, particularly after Cboe Exchange submitted two amendments modifying the original rule change.

The Treasury Department announced a meeting of the Treasury Borrowing Advisory Committee from the Securities Industry and Financial Markets Association, scheduled for February 2, 2021, via conference call. During this closed meeting, the Treasury will seek advice from the committee on issues related to the economy, financial markets, and debt management. The meeting is closed to the public to allow for open and frank discussions, and premature disclosure could lead to financial speculation. Fred Pietrangeli, the Director for the Office of Debt Management, can be contacted for more information.

The Treasury Department announced a meeting of the Treasury Borrowing Advisory Committee to be held on February 4, 2025. The meeting will discuss topics related to the economy, financial markets, Treasury financing, and debt management. It will be closed to the public to prevent financial speculation based on premature disclosures and is exempt from disclosure laws. The meeting aims to gather advice from financial community representatives before the Treasury makes final decisions on its financing operations.

The Securities and Exchange Commission is considering a rule change proposed by the Cboe BZX Exchange, Inc. to allow the generic listing and trading of multi-class ETF shares. This proposal was submitted on November 8, 2024, and made available for public comment on November 25, 2024. Usually, the Commission has 45 days to act on such proposals, but they have decided to extend this period to ensure they have enough time to review and address any issues. The new deadline for the Commission's decision is now set for February 23, 2025.

The Cboe BZX Exchange, Inc. proposed changes to extend their Early Trading Session hours. The new hours will be from 4:00 a.m. to 8:00 a.m. Eastern Time, extending from the previous start time of 7:00 a.m. They also plan to allow orders to be accepted from 2:30 a.m. to 4:00 a.m., providing users more time to enter their orders for the early session. This change aims to provide traders with more opportunities to access liquidity early in the day, in line with similar sessions on other exchanges.

On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.