Search Results for keywords:"MEMX LLC"

MEMX LLC, a self-regulatory organization, has proposed a change to Rule 21.7 concerning its opening procedures for options trading. The change involves opening options for trading after both the first transaction in the securities underlying the options and the applicable Limit Up-Limit Down price bands are observed after 9:30 a.m. Eastern Time. The Securities and Exchange Commission (SEC) has allowed this rule change to become effective immediately without the usual 30-day waiting period as it aligns the options opening with the underlying security's market open. The SEC is inviting public comments on this proposal until March 3, 2025.

MEMX LLC has filed a proposal with the Securities and Exchange Commission to change a rule regarding the submission of broker-dealer annual reports. Currently, broker-dealers must provide annual reports to all self-regulatory organizations they are members of, but MEMX suggests waiving this requirement for members for whom it is not the designated examining authority (DEA). MEMX LLC argues that it does not need these reports from members since it doesn't plan to use the information and can still request them when necessary. The proposed change aims to streamline processes and eliminate unnecessary paperwork for its members.

The Nasdaq Stock Market LLC has proposed a change to its rules concerning data feeds used for handling, routing, and executing stock orders. They plan to use direct feeds from MIAX PEARL, LLC and MEMX LLC as their primary sources for market data, with CQS/UQDF as a secondary source if needed. This change aims to enhance transparency and support a fair and open market by clearly showing where Nasdaq gets its quotation data. The proposed rule change is intended to be implemented within 90 days of its effective date, and the Securities and Exchange Commission is open to public comments on this proposal until March 15, 2021.

MEMX LLC, a stock exchange, has proposed a rule change to start its Pre-Market Session at 4 a.m. Eastern Time instead of the usual 7 a.m. The Securities and Exchange Commission (SEC) is considering this proposal, which is meant to align MEMX's trading hours with those of other exchanges, and has agreed to let it take effect immediately. The proposed change does not raise any new regulatory concerns, and the SEC is seeking public feedback on whether this change complies with existing laws. Interested parties have until April 1, 2025, to submit comments.

MEMX LLC, a self-regulatory organization, has proposed a rule change to amend its fee schedule by removing an expired criterion from Liquidity Provision Tier 2. The Securities and Exchange Commission (SEC) has acknowledged this proposal, which was filed on December 20, 2024, and will implement the changes on January 1, 2025. The SEC is seeking public comments on the proposed rule change, and interested individuals can submit their feedback electronically or by mail by January 31, 2025. All comments will be publicly available on the SEC's website.

The Securities and Exchange Commission has published a notice about a proposed rule change by MEMX LLC to list and trade options on two Bitcoin exchange-traded funds (ETFs): the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF. This rule change aims to amend Exchange Rule 19.3 to allow trading options on these Bitcoin Funds. The plan is seen as competitive, following similar moves by another exchange, Cboe. MEMX believes that offering these options will provide investors with a lower-cost way to invest in Bitcoin, increase market transparency, and improve price discovery on the exchange.