Search Results for keywords:"market makers"

The Miami International Securities Exchange, LLC has submitted a proposal to the Securities and Exchange Commission to increase the number of Limited Service MIAX Express Interface Ports available to market makers without changing existing fees. This expansion is needed due to higher customer demand and market volatility, which have increased network traffic. Even though this expansion will come at a cost, the Exchange aims to offer more ports to ensure sufficient and equal access to its systems for all market participants, while maintaining fair competition and efficient port usage. They emphasize that the decision to purchase additional ports is voluntary for market makers.

Nasdaq PHLX LLC proposed a rule change to allow market makers to participate in Price Improvement XL auctions for Nasdaq-100 Micro Index Options. The Securities and Exchange Commission (SEC) initially had 45 days to approve, disapprove, or begin proceedings on this rule change, ending on December 21, 2024. However, the SEC extended this period to ensure they have enough time to consider the proposal thoroughly. The new deadline for a decision is February 4, 2025.