Search Results for keywords:"market participants"

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend the information collection requirements under Rule 304 of Regulation ATS and Form ATS-N. These requirements are part of the regulatory framework for alternative trading systems, aiming to enhance transparency and competition in trading markets. The SEC estimates that entities will spend approximately 1,901 hours annually to meet these obligations. Public comments on this request can be submitted by March 28, 2025, and further information can be viewed or requested from the SEC's Office of FOIA Services.

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.

Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

Nasdaq GEMX, LLC has filed a proposal with the U.S. Securities and Exchange Commission to introduce new fees for its expanded co-location services. These services allow clients to place their computers and hardware within Nasdaq's data center to access trading data more efficiently. The proposal includes fees for a new type of computer cabinet called the Ultra High Density Cabinet and installation fees for both cabinets and power distribution units in a newly expanded section of their data center. This proposal aims to improve service and accommodate growing demand while ensuring that fees remain fair and consistent with market standards.

The Securities and Exchange Commission (SEC) has published a notice about proposed changes to the NYSE Chicago, Inc. rules to allow listing and trading of certain Exchange-Traded Products (ETPs). These changes align NYSE Chicago rules with those of NYSE Arca, aiming for consistency and facilitating competition in ETP listings. The new rules are designed to enhance transparency and clarity in exchange rules while ensuring comprehensive oversight through existing surveillance measures. Interested parties are invited to submit their comments on these proposals to the SEC.

MIAX Pearl, LLC has submitted a proposed rule to the Securities and Exchange Commission (SEC) to introduce a fee for market participants who wish to use a dedicated cross connection to access its testing systems environment. This environment lets members test new software and trading setups before they are applied to live trading. While the new fee for accessing via a cross connection would be set at $1,000 per month, users still have the option to access the testing environment using a free virtual private network (VPN) connection, offering a similar experience without the additional cost. The proposed fee establishes a uniform cost regardless of connection capacity and is considered to be in line with or cheaper than fees charged by other exchanges.

The Cboe BZX Exchange, Inc. has proposed changes to its fee schedule, which will be effective from November 1, 2024. The proposed changes involve updating criteria for specific volume tiers, such as Add Volume Tier 3 and Add Volume Tier 5, and adjusting or removing certain fee codes. These updates aim to incentivize members to increase their order flow by offering enhanced rebates for reaching adjusted trading volume thresholds. The Securities and Exchange Commission is seeking public comments on these proposed changes.

The Miami International Securities Exchange has submitted a proposal to the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This change would establish a fee for market participants using the Exchange's testing systems environment through a dedicated cross connection. The proposal became effective immediately and is open for public comment on the SEC's website. People can submit their opinions on whether the rule change is consistent with existing laws until April 8, 2025.

The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange, Inc. The change involves the introduction of a new service called the Cboe Timestamping Service, which offers detailed timestamp information on orders, quotes, and cancels for market participants. This service includes two types of reports: the Missed Liquidity Report and the Cancels Report, both of which are optional and require separate fees. The Exchange has requested the Commission to allow the change to take effect immediately to offer these reports starting January 27, 2025, and the public is invited to submit comments until February 13, 2025.

The Securities and Exchange Commission (SEC) announced that MIAX Emerald, LLC filed a proposed rule change on March 13, 2025. This proposal seeks to amend the Exchange's Fee Schedule by introducing new fee categories for its proprietary market data feeds, including the Top of Market feed and the Administrative Information Subscriber feed, among others. The proposal was made effective immediately, and the SEC is seeking public comments on whether it aligns with the requirements of the Securities Exchange Act of 1934. Interested parties can submit their comments electronically or by mail, ensuring they reference file number SR-EMERALD-2025-07.