Search Results for keywords:"fee schedule amendment"

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Search Results: keywords:"fee schedule amendment"

  • Type:Notice
    Citation:90 FR 9178
    Reading Time:about 3 minutes

    The Cboe BYX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) on January 24, 2025, to amend its fee schedule and introduce fees for "Dedicated Cores." The SEC has allowed this proposal to take effect immediately, but it is also seeking public comments about the change. Anyone interested in expressing their views can submit comments through the SEC's website or by email, ensuring they include the file number SR-CboeBYX-2025-001 in their submissions. The deadline for public comments is February 28, 2025.

    Simple Explanation

    The Cboe BYX Exchange wants to change their price list by adding new costs for something they call "Dedicated Cores," like charging for a special section of a computer. They're asking people to say what they think about this change by the end of February, but it's hard to tell what these new costs mean and how they affect everyone.

  • Type:Notice
    Citation:90 FR 8229
    Reading Time:about 3 minutes

    The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its Fee Schedule, specifically by increasing transaction fees for certain opening and closing auction fee codes. This proposal was filed on January 8, 2025, and has been designated for immediate effectiveness, meaning it can be enacted quickly. The Commission is inviting public comments on this proposal until February 18, 2025, and all comments will be made publicly available on their website.

    Simple Explanation

    The Cboe BZX Exchange wants to change the prices they charge for certain specific times when people buy or sell stocks, and they want to do it quickly; they are asking for people's thoughts on this change until February 18, 2025. However, they haven't clearly explained how much the prices are going up or why they need to raise the prices, and they use a lot of big words and references that might confuse people who don't know them.

  • Type:Notice
    Citation:86 FR 327
    Reading Time:about 25 minutes

    The Miami International Securities Exchange LLC (MIAX Options) has proposed changes to its fee schedule to extend the waiver for certain non-transaction fees applicable to Market Makers trading solely in Proprietary Products, including options on the SPIKES Index, until March 31, 2021. The fees waived include Membership Application fees, Trading Permit fees, API Testing and Certification fees, and MEI Port fees. The aim of these waivers is to encourage Market Makers to trade these Proprietary Products, thereby increasing market liquidity. The Securities and Exchange Commission (SEC) has published this notice to solicit comments from the public on this proposed rule change.

    Simple Explanation

    The Miami International Securities Exchange is letting some traders skip paying certain fees until the end of March 2021 to help them trade special products more easily and make the market busier. However, some people might think it's unfair because not everyone gets these fee breaks.

  • Type:Notice
    Citation:90 FR 11335
    Reading Time:about 3 minutes

    The Long-Term Stock Exchange, Inc. (LTSE) has proposed a rule change to the Securities and Exchange Commission (SEC) to amend its fee schedule by introducing new fees for its proprietary market data feeds, including Depth of Book, Top of Book, and Last Sale. This proposed rule change is intended to take effect immediately from February 14, 2025. The SEC is inviting public comments on this proposal until March 26, 2025, and comments can be submitted electronically or by mail. The submitted comments will be publicly available on the SEC’s website unless they contain obscene or copyrighted material.

    Simple Explanation

    The Long-Term Stock Exchange wants to charge money to people who want special stock information, like what stocks are being sold and for how much. They need people to say what they think about this change before the end of March.

  • Type:Notice
    Citation:90 FR 7201
    Reading Time:about 3 minutes

    Cboe EDGX Exchange, Inc. proposed a change to its fee schedule for its equity options platform, aiming to increase fees for logical connectivity. This proposal was filed with the Securities and Exchange Commission (SEC) and is set for immediate effectiveness. The SEC is inviting public comments on this proposed rule change, which are due by February 11, 2025. Interested parties can submit comments electronically or through postal mail, and all comments will be publicly available on the SEC's website.

    Simple Explanation

    Cboe EDGX Exchange wants to make some changes to how much people pay to connect to their system, and they're asking for people's opinions on these changes. They haven't said exactly how much more it will cost, and they haven't explained why they need to charge more or how it might help or hurt the people who use their system.

  • Type:Notice
    Citation:86 FR 7602
    Reading Time:about 40 minutes

    The Miami International Securities Exchange LLC submitted a proposal to amend its fee schedule, specifically to increase the network connectivity fees for its 10-gigabit ultra-low latency fiber connections from $9,300 to $10,000 per month for both member and non-member users. This increase is intended to cover the exchange's growing costs and ensure the fees are fair and reasonable, reflecting the resources consumed by users of the higher bandwidth connections. The exchange argues that the proposed fees comply with U.S. securities law, are equitably allocated, and do not impose an unfair burden on competition.

    Simple Explanation

    The Miami International Securities Exchange wants to increase its monthly charge for using fast internet connections because their costs have gone up, but they didn't clearly explain why the price hike is necessary or how it will help users. They also didn't ask people what they think about this change, so it may seem like they made the decision without enough input from others.

  • Type:Notice
    Citation:90 FR 9173
    Reading Time:about 3 minutes

    MIAX Sapphire, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) that aims to amend its fee schedule for certain proprietary market data feeds. These are the MIAX Sapphire Top of Market, Complex Top of Market, and Liquidity Feed. The rule change has been designated for immediate effectiveness, and the SEC is seeking public comments on the proposal. People interested in sharing their opinions can submit comments electronically or by mail by February 28, 2025.

    Simple Explanation

    MIAX Sapphire wants to change how much it costs to get special information about its market, but they haven't explained exactly how much yet. They also want to know what people think about this change, and people can share their thoughts until the end of February.

  • Type:Notice
    Citation:90 FR 10663
    Reading Time:about 3 minutes

    Cboe Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) on February 13, 2025. This change aims to amend its fee schedule by introducing fees for Cboe Timestamping Service reports. The proposal has been designated for immediate effectiveness and the SEC is inviting the public to comment on whether this change aligns with the applicable laws. Comments can be submitted electronically or by mail, and all feedback will be publicly posted on the SEC’s website until March 18, 2025.

    Simple Explanation

    Cboe Exchange wants to start charging fees for special time-checking reports, and people can tell the government if they think this is a good idea or not until March 18, 2025.

  • Type:Notice
    Citation:86 FR 7902
    Reading Time:about 14 minutes

    The Cboe EDGX Exchange, Inc. proposed a rule change to update its fee schedule by removing certain routing fee codes (8, K, and MX) due to minimal usage. This change means these orders will now fall under the standard routing fees, making the system more efficient. The exchange operates in a competitive market where participants can choose other venues if they find fee levels too high. The proposed change aims to promote competition without imposing unfair burdens on any members.

    Simple Explanation

    The company that runs a stock exchange is changing how they charge people to buy and sell stocks because not many people were using some special price codes. Now, everyone will pay the same, and this will help the system work better.

  • Type:Notice
    Citation:86 FR 4156
    Reading Time:about 10 minutes

    Cboe BYX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its fee schedule, focusing on handling billing errors and disputes. The proposed change would make all fees and rebates final after three months, aiming to encourage timely review of invoices by members and non-members. The proposed rule also requires any fee disputes to be submitted in writing with supporting documentation within this period. The Exchange believes that these changes will reduce administrative burdens and create a fair, consistent policy for resolving billing issues.

    Simple Explanation

    Cboe BYX Exchange wants to change a rule so that if someone finds a mistake in their bill, they have to tell Cboe within three months. After that, the bill can't be changed, and this is like putting a time limit on saying, "Hey, there's a mistake here!"