Search Results for keywords:"liquidity"

The NYSE Chicago is proposing changes to its Fee Schedule involving fees and credits for single-sided orders. Previously, there was a $0.0010 fee per share for both removing and providing liquidity. The new plan proposes changing the fee for removing liquidity to $0.0030 per share, while offering credits of $0.0029 and $0.0014 per share for orders that add displayed and non-displayed liquidity, respectively. These changes aim to encourage more participants to contribute liquidity, enhancing trading activities and benefiting all market participants. The Securities and Exchange Commission is accepting comments on this proposed rule change.

The Securities and Exchange Commission (SEC) has published a notice about a rule change by the MIAX PEARL, LLC Exchange. This proposed change would allow the exchange to list and trade options on the Fidelity Ethereum Fund. These options let investors engage with Ethereum without directly buying the cryptocurrency. The proposal aims to offer another trading venue for these options to enhance market transparency and liquidity, in a manner similar to what is already available for options on ETFs tied to other commodities.

The NYSE American LLC has proposed a rule change regarding Flexible Exchange (FLEX) Options to include trading on the Grayscale Bitcoin Trust (GBTC). The rule suggests that FLEX GBTC options carry the same position limits as existing GBTC options, restricting both to 25,000 contracts to mitigate market manipulation risks. The Exchange believes FLEX GBTC options will offer advantages over over-the-counter (OTC) options, such as increased liquidity, transparency, and reduced counter-party credit risk, helping investors manage risks associated with bitcoin volatility. The Securities and Exchange Commission (SEC) is soliciting public comments on this proposal before making a decision on its approval.

The Long-Term Stock Exchange, Inc. (LTSE) submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule. This change aims to modify the rebates for transactions involving securities priced at $1.00 or more per share that add liquidity to the exchange. The proposal was filed on February 28, 2025, and LTSE intends for the amendments to take effect immediately as of March 3, 2025. The SEC is seeking comments from the public regarding this change and has provided instructions for submitting feedback.

MEMX LLC has proposed changes to its fee schedule, which were filed with the Securities and Exchange Commission (SEC). The changes include increasing rebates for certain orders that add liquidity and increasing fees for orders that remove liquidity. The aim is to attract more orders to the MEMX exchange by offering competitive pricing. This proposal is publicly available for comments, allowing interested parties to share their views on the changes.

MEMX LLC, a self-regulatory organization, has proposed a change to its Options Fee Schedule. This change would decrease the rebate for certain transactions that add liquidity in Non-Penny options by customers on their platform. The proposal was filed with the Securities and Exchange Commission (SEC) and is expected to take immediate effect on March 3, 2025. The SEC invites the public to comment on this proposal by April 7, 2025, through their website or by email.

Nasdaq PHLX LLC has filed a proposal with the Securities and Exchange Commission to modify its pricing schedule related to the Qualified Market Maker (QMM) Program. The changes include increasing the required percentage of time a member organization must quote at the national best bid and offer (NBBO) from 10% to 15% to qualify as a QMM. This adjustment aims to boost liquidity, enhance price discovery, and overall improve the equity markets' quality. The rule change has become effective but may still be suspended by the Commission if necessary to protect investors or in the public interest.

Cboe C2 Exchange, Inc. has proposed a new rule change to modify its opening process for trading simple orders. The modification allows for a "forced opening" of trading, which means that if a certain time period passes and certain conditions aren't met, trading may still start if the option is already open on another exchange. This change aims to open trading more quickly and provide more trading opportunities for investors. The Securities and Exchange Commission (SEC) is seeking public comments on this proposed rule change, highlighting its aim to promote market fairness and increase liquidity.

The Cboe Exchange, Inc. filed a proposal to change its fee structure regarding expiring fee waivers and incentive programs, effective January 4, 2021. The proposed changes include adjusting the incentive programs for market makers in specific index options, like MSCI EAFE (MXEA) and Emerging Markets (MXEF), and increasing financial incentives for quoting in S&P 500 (SPX) options during global trading hours. Additionally, the proposal plans to remove expired incentives related to the FTSE 100 Mini Index (UKXM) options. These changes aim to encourage liquidity and active markets, benefiting overall market quality to the advantage of all participants.

MIAX PEARL, an options exchange, has submitted a proposal to the Securities and Exchange Commission to amend its fee schedule, aiming to attract more trading activity by adjusting thresholds for rebates and fees for market makers. It plans to increase the volume threshold for Tier 2 from 0.45% to 0.75% of national monthly volume in specific options and introduce a new tiered incentive (Tier 3) based on trading activity in SPY options. The revisions are designed to enhance market liquidity and competitiveness by encouraging market makers to bring more orders to the exchange. These changes became effective on January 4, 2021, and aim to benefit all market participants through better liquidity and tighter markets.