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Nasdaq PHLX LLC recently filed a proposed rule change with the Securities and Exchange Commission (SEC) to adjust certain fees based on inflation. This change impacts the Non-Display Enterprise License and PHLX Depth Data fees. The proposed amendments will take effect immediately but are set to be operational from January 1, 2025. The SEC invites the public to submit comments on the proposal by February 3, 2025, using specified electronic and paper submission methods.

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.

The Securities and Exchange Commission has announced that MIAX PEARL, LLC has filed a proposed rule change to update the fee schedule for its options exchange. This change introduces new fee categories for its proprietary market data feeds, the "Top of Market" and "Liquidity" feeds. The proposal has been marked for immediate effectiveness, and the SEC is seeking public comments on this change. Comments should be submitted by March 25, 2025.

MIAX Emerald, LLC proposed a new fee for market participants who want a dedicated connection to access its testing systems. This proposal was filed with the Securities and Exchange Commission (SEC) and is immediately effective but open to public comments until April 8, 2025. Details about the proposed fee and its purpose, including how it fits within the regulatory framework, can be found on MIAX Emerald's and the SEC's websites. The SEC invites public feedback through various submission methods and will post all comments online.

Cboe EDGX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission (SEC) to increase its monthly fee for Purge Ports, effective January 2, 2025. This change was filed under the Securities Exchange Act of 1934 and has been marked for immediate effectiveness. The SEC is seeking public comments on whether this proposed rule change aligns with the Act. Comments can be submitted electronically or via mail by referring to file number SR-CboeEDGX-2024-087 before January 29, 2025.

The Securities and Exchange Commission (SEC) has announced that NYSE Arca, Inc. filed a proposed rule change to modify its Options Fee Schedule. The modifications include increasing the required QCC volume for Floor Brokers to earn credits, introducing a new rebate based on combined QCC and manual billable volume, and adjusting the maximum combined credits and rebates for QCC and manual billable programs. Additionally, the proposed change allows Floor Brokers in the Fixed Cost Prepayment Incentive Program to maintain their status if they restructure. These changes became effective on January 14, 2025, and the SEC is inviting public comments on the proposal until February 13, 2025.

Nasdaq BX, Inc. has proposed a change to its fee schedule to increase the Membership Fee, specifically in Equity 7, Section 10. This proposal was filed with the Securities and Exchange Commission (SEC) on January 2, 2025, and has been designated for immediate effectiveness. The public is invited to submit comments on this proposed rule change by February 11, 2025, via the SEC's website or by email. All comments will be made publicly available on the Commission's website.

The Securities and Exchange Commission published a notice about a proposed rule change filed by MIAX PEARL, LLC regarding its fee schedule. The exchange wants to update its email domain and remove references to mini-options, which are not available anymore. The Commission allowed the changes to take effect immediately upon filing because they do not impact investor protection or public interest, thus avoiding any significant burdens on competition. Interested parties are encouraged to submit their comments on the proposal by using the SEC's website or email.

The New York Stock Exchange (NYSE) has proposed amendments to Rule 346, which outlines the process by which a broker-dealer can remain a member even if they are subject to a statutory disqualification. This change aims to align NYSE rules with those of other exchanges and clarify procedures in situations where membership applications involve such disqualifications. The SEC must review this proposal, which includes a provision for immediate effect to address a time-sensitive case. The public is invited to comment on these proposed changes.

The Securities and Exchange Commission (SEC) announced that the Cboe EDGX Exchange, Inc. submitted a proposed rule change to alter how it processes certain stock orders. This change involves rounding up fractional fills from the Preferred Market-Makers' participation entitlement structure for large orders, ensuring that a participating market-maker gets at least one contract if they have priority. The SEC agreed to make these changes effective immediately, as it improves trading opportunities without introducing new regulatory issues. The public is invited to comment on this rule change until April 7, 2025.