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2024-29035 — Self-Regulatory Organizations; Nasdaq PHLX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 3304 Concerning Data Feeds Utilized
December 11, 2024
Type:Notice
Citation:89 FR 99923
Reading Time:about 7 minutes
Nasdaq PHLX, LLC has proposed a rule change to update its list of data feeds used for trading and compliance processes. They intend to make the Long-Term Stock Exchange the primary data source for quoting, with CQS/UQDF as a secondary source. This update aims to improve transparency and market efficiency. The Securities and Exchange Commission (SEC) has allowed the change to take effect immediately to expedite its benefits, as it does not introduce new regulatory issues.
Simple Explanation
Nasdaq PHLX is changing how it gets information for trading by using a new main source called the Long-Term Stock Exchange, with a backup source. This change is happening quickly to help make trading clearer and faster, and the SEC is okay with it because it doesn’t cause any new problems.
2025-02332 — Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Fee Schedule To Establish Section C and Adopt Connectivity Fees for Cross-Connects at the Primary, Disaster Recovery and Test Environment Facilities
February 07, 2025
Type:Notice
Citation:90 FR 9175
Reading Time:about 4 minutes
The Long-Term Stock Exchange, Inc. (LTSE) has filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This amendment aims to create Section C and introduce Connectivity Fees for Cross-Connects at various facilities, as well as for Logical Connectivity, effective January 23, 2025. The SEC is inviting public comments on this proposed rule change until February 28, 2025. Anyone interested can submit their views electronically or by mail, and all submissions will be publicly available on the SEC’s website.
Simple Explanation
The Long-Term Stock Exchange wants to change how much they charge companies to connect their equipment, like plugging in special wires, so everything works well together. They are telling the government about these changes, and people can say if they like or don't like the new prices until the end of February.
2021-02267 — Self-Regulatory Organizations; Long-Term Stock Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend LTSE Rule 14.501 To Specify the Process for Enforcing Compliance With LTSE Rule 14.425 for Listed Companies
February 04, 2021
Type:Notice
Citation:86 FR 8243
Reading Time:about 14 minutes
The Long-Term Stock Exchange, Inc. (LTSE) has proposed a change to its rules, focusing on LTSE Rule 14.501, to improve how it enforces compliance with LTSE Rule 14.425, which requires listed companies to form certain long-term policies and review them annually. These policies include stakeholder and strategy guidelines that must align with given principles. The exchange suggests if a company fails to comply, it can submit a compliance plan for review, similar to current policies on corporate governance issues, giving them a chance to meet the standards without immediate delisting. The change aims to support long-term value creation while ensuring that all companies are treated fairly under these rules.
Simple Explanation
The Long-Term Stock Exchange wants to change a rule to make sure companies they list have plans for the future that they check every year. If a company doesn't follow the rule, they can make a plan to fix it so they don't get kicked out right away.

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