Search Results for keywords:"Nasdaq PHLX LLC"

The Securities and Exchange Commission is reviewing a proposed rule change by Nasdaq PHLX LLC regarding options on several Bitcoin-related funds, such as the Fidelity Wise Origin Bitcoin Fund and the Grayscale Bitcoin Trust. The rule change aims to set position and exercise limits for these options at 25,000 contracts, mirroring limits already in place on other exchanges. Additionally, the Exchange has decided not to allow FLEX options for these Bitcoin Trusts to ensure consistent limits across different platforms. The proposal is designed to align with existing market standards, safeguard investors, and uphold fair trading practices.

The Securities and Exchange Commission has issued a notice about a proposed rule change by Nasdaq PHLX LLC. The change allows for a "Virtual Trading Crowd" to operate when their physical trading floor is unavailable. This proposal, influenced by COVID-19, aims to ensure that trading can continue in a virtual environment similar to in-person open outcry trading. It includes measures for communication and security to maintain the integrity and smooth operation of the trading system.

Nasdaq PHLX LLC submitted a proposal to the Securities and Exchange Commission (SEC) on February 4, 2025, to introduce new Nasdaq Bitcoin Index Options. The proposed rule change was officially published for public comment in the Federal Register on February 24, 2025. According to the rules, the SEC originally had 45 days to respond, but they have decided to extend this period to ensure they have enough time to review the proposal thoroughly. The new deadline for the SEC to make a decision is set for May 25, 2025, either to approve, disapprove, or proceed with further evaluation of the rule change.

Nasdaq PHLX LLC, a self-regulatory organization, has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to increase port fees for the Specialized Quote Feed (SQF) Ports and SQF Purge Ports in Options 7, Section 9. This rule change was filed on December 20, 2024, and is set to take effect immediately, although it will become operative on January 1, 2025. The SEC is inviting public comments on this proposal until January 31, 2025, and all interested parties are encouraged to submit their views and arguments regarding the change.

Nasdaq PHLX LLC has proposed a rule change to its Customer Rebate Program, seeking approval from the Securities and Exchange Commission (SEC). The change involves paying only the higher rebate to a member when they qualify for two different rebate incentives in the same month, rather than providing both. This amendment is intended to simplify the rebate structure while still motivating members to engage with customer orders. The proposal aims to ensure equitable and fair rebates among members, without imposing any undue burden on market competition.

Nasdaq PHLX LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to establish fees for industry members related to the Consolidated Audit Trail (CAT) costs for 2025. The rule change was filed on January 2, 2025, and is designed to be effective immediately. Interested parties are invited to submit comments about this proposal through the SEC's website by February 13, 2025. The proposal and information about it can be viewed on both the Exchange’s and the SEC’s websites.

Nasdaq PHLX LLC has proposed a rule change to reorganize its PSX equity and general rules by moving them into a new Rulebook shell. This reorganization is part of an effort to make the Rulebook easier to use and more consistent across Nasdaq's affiliated exchanges. The proposed changes include updating rule references, removing outdated rules, and making minor technical corrections. The Securities and Exchange Commission has allowed this proposal to take effect immediately to facilitate a more streamlined rule management process.

Nasdaq PHLX LLC has submitted a proposal to the Securities and Exchange Commission to amend certain definitions related to options trading. The proposed rule change involves updating the definitions of "class" and "series" to align with terms used by related exchanges. This proposal is filed for immediate effectiveness, and the Commission is seeking public comments on whether the change complies with securities laws. Comments can be submitted via the Commission's website or by email.

Nasdaq PHLX LLC filed a proposed rule change with the Securities and Exchange Commission to adjust certain fees for its market data products based on inflation. The changes are intended to restore fees to their original real value, as many have not been updated for years and have decreased in real terms due to inflation. The adjustments will be phased in over three years, starting in 2025. The exchange claims this change is necessary to recoup investments made to enhance their products and maintain technology infrastructure, ensuring they continue to meet the needs of their customers.

Nasdaq PHLX LLC filed a proposed rule change with the Securities and Exchange Commission to remove rules associated with options on the Nasdaq-100® Volatility Index (VOLQ). These options were delisted in May 2023, and currently, there is no activity or plan to relist them. The purpose of this change is to simplify the rules for Phlx members, member organizations, and the public by eliminating outdated references. This proposal is not expected to impact competition since no trading of VOLQ options occurs on the market today.