Search Results for keywords:"position limits"

The Miami International Securities Exchange (MIAX) has proposed changes to their rules to permit the listing and trading of options on the Fidelity Ethereum Fund. These options aim to provide investors with new opportunities to interact with the cryptocurrency market, particularly Ethereum, in a more transparent and regulated environment rather than the over-the-counter market. To ensure investor protection and market integrity, the proposal also covers specific listing standards and includes position and exercise limits for these options. The Securities and Exchange Commission (SEC) has waived the 30-day waiting period, allowing the proposal to become immediately effective.

The Miami International Securities Exchange, LLC has filed a proposal with the Securities and Exchange Commission to list and trade options on three Ethereum-related funds: the Grayscale Ethereum Trust, the Grayscale Ethereum Mini Trust, and the Bitwise Ethereum ETF. They plan to change several rules to accommodate these options, including those about position and exercise limits, ensuring they align with current standards for trading other commodities like precious metals and bitcoin. The proposal aims to offer investors more opportunities and benefits through options trading on these funds, similar to existing options for other Exchange-Traded Funds (ETFs) and Exchange-Traded Products (ETPs). The proposal also emphasizes maintaining strict surveillance and reporting procedures to prevent market manipulation and protect investors.

The Securities and Exchange Commission (SEC) has received a proposal from Cboe EDGX Exchange, Inc. to change its rules. This change would allow the exchange to list and trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. The proposal outlines the procedures, position limits, and surveillance measures Cboe EDGX will implement to ensure fair and orderly trading of these options. The SEC is inviting public comments on the proposal, and it will become effective unless the SEC suspends it for further review.

Nasdaq ISE, LLC has proposed a rule change to avoid trading Flexible Exchange Options (FLEX Options) on certain Bitcoin-related investment products. These include options on Bitcoin trusts like the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust, among others. This decision is in line with previous approvals that limit position and exercise limits to 25,000 contracts for these trusts. The change ensures that these options will not conflict with the existing rules, maintaining consistent limits across exchanges and protecting investor interests.

The document reports that the Miami International Securities Exchange (MIAX) has proposed a rule change to allow trading options on the iShares Ethereum Trust. This proposal involves amending existing rules concerning criteria for securities, as well as position and exercise limits. The main goal is to provide investors with a new, cost-effective means to engage with Ethereum through securities, potentially enhancing market efficiency. The Securities and Exchange Commission (SEC) is reviewing this proposal and has opened the floor for public comments.

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 Securities and Exchange Commission (SEC) has approved a rule change proposed by BOX Exchange LLC that allows the trading of options on the iShares Bitcoin ETF. This decision follows a similar proposal approved for Nasdaq ISE. The rule, effective immediately, establishes new position and exercise limits for these options, set at 25,000 contracts. This move is intended to provide investors with a cost-effective method to gain exposure to Bitcoin through a familiar public securities market. Additionally, BOX Exchange updated its rules to reflect the current names of certain trust funds.

The Nasdaq Stock Market LLC has proposed a change to its rules regarding the trading of options on specific Bitcoin-related funds, such as the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust. The proposal introduces a limit of 25,000 contracts for both position and exercise limits, aligning with similar limits set by other exchanges like Cboe and NYSE American. This rule change is designed to ensure consistent trading rules across different exchanges, promoting fair trading and investor protection. The Securities and Exchange Commission (SEC) is soliciting public comments on this proposed rule change.

The Cboe Exchange, Inc. has proposed a rule change to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 Scored & Screened Index. This change aims to align these options with other broad-based index options like those for the S&P 500, which already have no such limits. By removing these restrictions, the Exchange believes it will increase trading flexibility and enhance the ability of market participants to execute their investment strategies across related indexes. The proposal also notes that similar options without these limits have ample market liquidity, reducing concerns about market manipulation.

The Securities and Exchange Commission (SEC) announced that The Nasdaq Stock Market LLC proposed a rule change to allow listing options on several Ethereum-related funds and trusts, including the iShares Ethereum Trust and the Fidelity Ethereum Fund, among others. The change aims to set position and exercise limits at 25,000 contracts for these options, aligning them with similar limits already in place on other exchanges. This proposal is considered non-controversial and aims to enhance trading fairness and protect investors, while not burdening market competition. The SEC seeks public comments and may permit the plan to take effect immediately to ensure consistency in trading limits across various platforms.