Search Results for keywords:"Cboe BZX Exchange"

Cboe BZX Exchange, Inc. has proposed a new rule to amend its fee schedule by introducing a monthly fee of $350 for each additional Market Participant Identifier (MPID) a member uses, while the first MPID remains free. This change aims to align fees with the benefits received by members using multiple MPIDs and is designed to promote efficient use of these identifiers. The proposal emphasizes competition among exchanges and states that many options are available for trading, meaning the fee is not overly burdensome. The Securities and Exchange Commission is soliciting public comments on this proposed rule change.

Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.

The Cboe BZX Exchange, Inc. has proposed changes to the rules governing the Fidelity Wise Origin Bitcoin Fund and the Fidelity Ethereum Fund to allow for in-kind creation and redemption of shares. Previously, transactions could only be handled in cash, but now they can also be done using bitcoin or ether, depending on the fund, which is aimed at making the process more efficient for participants. The proposal emphasizes that these changes are intended to be beneficial by letting authorized participants handle the purchase and sale of the digital currencies themselves. This proposed rule change will be reviewed by the Securities and Exchange Commission, and comments from the public are being solicited until March 18, 2025.

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend rules concerning two investment products: the Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF. The proposal aims to allow these ETFs to process creations and redemptions both in cash and in-kind. This change is intended to improve the efficiency of trading by allowing participants to use actual cryptocurrencies like bitcoin or ether instead of cash alone, potentially streamlining transactions and reducing market impacts. The SEC is inviting public comments on this proposal until April 8, 2025.

The Securities and Exchange Commission has released a notice that the Cboe BZX Exchange, Inc. is proposing a rule change to allow the listing and trading of shares of the Canary XRP Trust under BZX Rule 14.11(e)(4). The proposal aims to list these shares, which are linked to the digital asset XRP, on a regulated exchange. The document also discusses the measures in place to prevent fraudulent activities, while ensuring investor protection by exposing U.S. investors to XRP through a regulated, exchange-traded product. The public is invited to comment on this proposal to ensure adherence to the rules governing fair and transparent markets.

The Cboe BZX Exchange, Inc. had proposed a rule change to allow the listing and trading of Options-Linked Securities. This proposal was initially filed with the Securities and Exchange Commission (SEC) in May 2020 and published for public comment in June 2020. The SEC extended the period for decision-making on several occasions throughout 2020, but ultimately, the Exchange decided to withdraw the proposed rule change in December 2020. The Commission did not receive any comment letters regarding this proposal.

The Securities and Exchange Commission is considering a proposed rule change by Cboe BZX Exchange, Inc. This proposal aims to allow the exchange to list and trade options on specific Ethereum-backed Exchange-Traded Funds (ETFs) such as the Grayscale Ethereum Trust ETF and the Bitwise Ethereum ETF. The change is designed to offer investors a new way to gain exposure to the price movements of Ethereum while ensuring adherence to existing trading rules. The Commission intends to seek public comments on the proposal to ensure that it meets regulatory standards before deciding on its approval.

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to allow the listing of options for certain Exchange-Traded Funds (ETFs) that hold precious metals like gold and silver. The SEC has decided to let this rule become effective immediately as it doesn't significantly impact investor protection or competition and aligns with existing practices on other exchanges. The public is invited to submit comments on this rule change until February 20, 2025.

The Securities and Exchange Commission (SEC) has extended the period to decide on a proposed rule change submitted by the Cboe BZX Exchange for listing and trading options on Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF, and Bitwise Ethereum ETF. Originally, the SEC was supposed to make a determination by April 12, 2025, but it has designated a longer period for consideration, now setting the decision date to May 27, 2025. This extension allows the SEC more time to evaluate the proposed rule change as they received no public comments during the initial review period.

Cboe BZX Exchange, Inc. has proposed a rule change to update its fee schedule for certain market data feeds. The proposed changes aim to waive External Distribution and Data Consolidation fees for new Uncontrolled External Distributors of specific data feeds, like BZX Top and Cboe One Summary, until they gain users. This is intended to encourage vendors to adopt these feeds and broaden distribution without immediate costs. The proposal is meant to promote fair competition and is part of Cboe's efforts to minimize business costs for distributors.