Search Results for keywords:"financial markets"

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Search Results: keywords:"financial markets"

  • Type:Notice
    Citation:86 FR 10378
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) is reviewing a proposed rule change from Cboe Exchange, Inc.. This rule change seeks to introduce Qualified Contingent Cross Orders for FLEX option trading. The SEC has extended its deadline to make a decision on whether to approve or disapprove the proposal until April 17, 2021. This extension allows the SEC more time to consider the proposal in detail, particularly after Cboe Exchange submitted two amendments modifying the original rule change.

    Simple Explanation

    The SEC is taking more time to decide on a rule change from Cboe Exchange that would help a type of trading order called Qualified Contingent Cross Orders be used in a special kind of options trading. They're thinking things through carefully and will decide by April 17, 2021.

  • Type:Notice
    Citation:86 FR 8346
    Reading Time:about 2 minutes

    The Commodity Futures Trading Commission (CFTC) will hold a public meeting of the Market Risk Advisory Committee (MRAC) on February 23, 2021. This meeting, conducted via teleconference, will focus on reports from MRAC's subcommittees and discussions on diversity, equity, and inclusion in financial markets. Members of the public can listen to the meeting by phone and submit comments online through the CFTC website. Submissions related to the meeting will also be made available on the CFTC's website.

    Simple Explanation

    The Commodity Futures Trading Commission will have a phone meeting to talk about important topics like market risks and fairness in trading. People can listen by phone and share their thoughts online.

  • Type:Notice
    Citation:90 FR 10545
    Reading Time:about 79 minutes

    On February 4, 2025, Nasdaq PHLX LLC filed a proposal with the Securities and Exchange Commission (SEC) to introduce Nasdaq Bitcoin Index Options, which will track the price of bitcoin using the CME CF Bitcoin Real Time Index. These options will be cash-settled and follow European-style exercise rules, allowing investors to receive U.S. dollars based on the difference between the current bitcoin spot market price and the option's exercise price. The proposal aims to offer investors a new, flexible way to manage their investments related to bitcoin, and it will be subject to existing Exchange trading rules, including surveillance measures to prevent fraudulent activities. The SEC is seeking public comments on this proposal before making a decision.

    Simple Explanation

    Nasdaq wants to create a new way for people to invest in bitcoin by letting them use special bets, called options, that pay money based on how bitcoin's price changes. They ask everyone to share their thoughts on this plan before it gets officially accepted.

  • Type:Notice
    Citation:90 FR 13949
    Reading Time:about 19 minutes

    The Cboe BZX Exchange, Inc. proposed changes to extend their Early Trading Session hours. The new hours will be from 4:00 a.m. to 8:00 a.m. Eastern Time, extending from the previous start time of 7:00 a.m. They also plan to allow orders to be accepted from 2:30 a.m. to 4:00 a.m., providing users more time to enter their orders for the early session. This change aims to provide traders with more opportunities to access liquidity early in the day, in line with similar sessions on other exchanges.

    Simple Explanation

    The Cboe BZX Exchange wants to start their early morning trading an hour earlier at 4 a.m. instead of 7 a.m., so traders have more time to buy and sell stocks before most people wake up. They're also letting people set up their trades even earlier, starting at 2:30 a.m.

  • Type:Notice
    Citation:90 FR 2048
    Reading Time:about 4 minutes

    Nasdaq BX, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its fees for ports used in the BX Options 7, Section 3, specifically for the Specialized Quote Feed (SQF) and SQF Purge Ports. The change will take effect immediately as of December 20, 2024, but the new pricing will be officially operative starting January 1, 2025. The SEC invites the public to submit comments regarding whether this proposed rule is consistent with the Securities Exchange Act of 1934. All the relevant documents and details about the change are available on both the Nasdaq and SEC websites.

    Simple Explanation

    Nasdaq BX wants to charge more money from people who use their special computer connections to trade faster, and they told the government they're doing it. They want people to tell them if they think charging more is fair, but they didn't say how much more it will cost.