Search Results for keywords:"Cboe BZX Exchange"

The Cboe BZX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend rules concerning two investment products: the Invesco Galaxy Bitcoin ETF and the Invesco Galaxy Ethereum ETF. The proposal aims to allow these ETFs to process creations and redemptions both in cash and in-kind. This change is intended to improve the efficiency of trading by allowing participants to use actual cryptocurrencies like bitcoin or ether instead of cash alone, potentially streamlining transactions and reducing market impacts. The SEC is inviting public comments on this proposal until April 8, 2025.

The Cboe BZX Exchange, Inc. has proposed a rule change related to fees for connecting to its network, specifically increasing the cost of 10 gigabit (Gb) physical ports from $7,500 to $8,500 per month. This change aims to account for inflation and reflects investments in the Exchange's infrastructure, like upgraded switch hardware and new data centers, which enhance service quality and capacity. The Exchange argues that even with the fee increase, their pricing remains competitive with other exchanges. Public comments on this proposed change are solicited by the Securities and Exchange Commission.

Cboe BZX Exchange, Inc. has proposed a rule change to increase the monthly fee for 10 Gb physical ports from $7,500 to $8,500. These ports are used by members and non-members to connect to the exchange. The increase is intended to help maintain and improve market technology and services, as well as keep fees in line with or lower than similar charges by other exchanges. The notice invites public comments and explains the rationale behind the fee change, such as inflation impacts and investments in technology improvements.

The Cboe BZX Exchange, Inc. has proposed changes to its opening process for simple orders. The changes include allowing certain stock options to open sooner if they are already open on other exchanges, even if the market width is wide on the Cboe BZX Exchange. This process is aimed at enhancing market efficiency and providing users with more opportunities to trade. Additionally, users will have new options to manage their orders if an opening process is forced or done manually.

The Securities and Exchange Commission is reviewing a proposed amendment to allow the Cboe BZX Exchange, Inc. to list and trade a new type of security known as Multi-Class ETF Shares. This rule change involves setting standards for these securities that don't require prior approval from the Commission, as long as they meet certain requirements under the Investment Company Act. The goal is to facilitate more efficient trading and potential benefits for investors. The Commission is seeking public comments on this proposed rule change.

The Securities and Exchange Commission received a proposal from the Cboe BZX Exchange, Inc. to change the rules for the Franklin Bitcoin ETF, Franklin Ethereum ETF, and the Franklin Crypto Index ETF to allow in-kind creations and redemptions. This change would let authorized participants use Bitcoin and Ethereum instead of cash to create or redeem shares, potentially making the funds operate more efficiently by reducing market impact. The proposal aims to improve the way these funds are traded by allowing more flexibility in handling Bitcoin and Ethereum, thus benefiting both the market and investors. The Commission is asking for public comments on this proposal before making a decision.

The Securities and Exchange Commission (SEC) has announced a proposed rule change made by Cboe BZX Exchange, Inc. (BZX) to adjust their compliance rules concerning the National Market System Plan Governing the Consolidated Audit Trail (CAT NMS Plan). This change aligns with a conditional exemption granted by the SEC, allowing an alternative method for reporting allocation details. The modifications redefine "Allocation" and "Allocation Report" to improve the accuracy and efficiency of data reporting by eliminating unnecessary reporting burdens on executing brokers who do not handle allocations. The rule change aims to ensure that only industry members with complete information about allocations are required to submit reports, thereby enhancing overall regulatory efficiency.

The Cboe BZX Exchange, Inc. has proposed a rule change to update its Fee Schedule for its equities trading platform. The main update involves introducing a new rebate program called the LMM Add Liquidity Rebate, aimed at incentivizing Lead Market Makers (LMMs) to enhance market quality by providing liquidity in higher volume BZX-listed securities. To qualify for this rebate, securities must meet a specific average daily volume threshold. Additionally, there are some minor updates like renumbering paragraphs in the Fee Schedule and removing a rarely used Market Depth Tier. The U.S. Securities and Exchange Commission is seeking comments from the public on these proposed changes.

The Securities and Exchange Commission has received a proposed rule change from the Cboe BZX Exchange, Inc. to list and trade shares of the Canary Solana Trust under BZX Rule 14.11(e)(4), which covers Commodity-Based Trust Shares. The Trust aims to track the performance of SOL, a digital asset from the decentralized Solana Network, focusing on preventing fraudulent and manipulative practices. To do this, they plan to utilize various security measures, including transparency in pricing and information dissemination. The SEC is seeking public comments before making a final decision, with the deadline set for March 11, 2025.

The Securities and Exchange Commission (SEC) has announced a longer review period for a proposed rule change filed by Cboe BZX Exchange, Inc. This change would allow the listing and trading of shares of the Canary Solana Trust under the Commodity-Based Trust Shares category. The SEC has extended the decision deadline to May 19, 2025, to have more time to review the proposal and the issues it raises. This announcement was made under the authority of the Division of Trading and Markets.