Search Results for keywords:"Securities and Exchange Commission"

Nasdaq PHLX, LLC has proposed a rule change to update its list of data feeds used for trading and compliance processes. They intend to make the Long-Term Stock Exchange the primary data source for quoting, with CQS/UQDF as a secondary source. This update aims to improve transparency and market efficiency. The Securities and Exchange Commission (SEC) has allowed the change to take effect immediately to expedite its benefits, as it does not introduce new regulatory issues.

The Securities and Exchange Commission (SEC) received a proposed rule change from NYSE National, Inc. on March 5, 2025, intending to adjust rules 7.31, 7.37, and 7.44. These amendments would allow optional routing strategies for specific orders on the exchange. The Commission has approved the change to be active immediately, bypassing the typical 30-day wait period, as it is deemed beneficial for investors and the public interest. The SEC is inviting public comments until April 7, 2025, regarding whether this proposed change aligns with the aims of the Securities Exchange Act of 1934.

The Securities and Exchange Commission (SEC) has been notified that Nasdaq ISE, LLC has filed a proposal to allow options trading for various Bitcoin-related exchange-traded funds (ETFs) on their exchange. The proposed rule aims to include Bitcoin-backed commodity ETFs, such as the Fidelity Wise Origin Bitcoin Fund and the ARK21Shares Bitcoin ETF, among others, as appropriate for options trading. The rule sets specific conditions and standards that these ETFs must meet to be eligible for options trading, ensuring they are widely held and actively traded. The SEC is seeking public comments on this proposal and has also considered waiving the 30-day operative delay to allow the rule to take effect immediately after filing.

NYSE Arca, Inc. submitted a request to the Securities and Exchange Commission (SEC) to list and trade shares of the Grayscale Solana Trust. They made an amendment to their proposal, and as a result, the SEC is extending its review period due to the complexity of the issues involved. The new deadline for the SEC to make a decision on whether to approve or disapprove the proposal is set for May 13, 2025. This extension will allow the SEC additional time to consider the details of the proposed changes.

The MIAX PEARL, LLC has proposed a rule change to adjust its fee schedule to include a new fee for market participants. This fee is for those who choose to use the Exchange's testing systems environment with a dedicated cross connection. The Securities and Exchange Commission (SEC) has been notified and is seeking public comments on this proposed change. Interested parties can submit comments electronically or via mail, and all comments will be made publicly available on the SEC's website.

Cboe EDGX Exchange, Inc. filed a notice with the Securities and Exchange Commission (SEC) to amend its fee schedule for the Retail Equities Membership Program. The proposed changes aim to clarify the eligibility rules, specifying that new members cannot have been approved as Retail Member Organizations (RMO) within 18 months of their approval. The update also removes outdated references and is designed to align with current practices without imposing any additional competitive burdens. The SEC is inviting public comments on this proposed rule change.

The Securities and Exchange Commission (SEC) is reviewing a disapproval decision concerning a proposed rule change by The Nasdaq Stock Market LLC to increase fees for certain market data and connectivity products. Originally filed in March 2024, the rule change faced a temporary suspension by the SEC's Division of Trading and Markets, which later disapproved the proposal in November 2024. Nasdaq filed a petition to have this disapproval reviewed, and the SEC granted this request, allowing interested parties to submit statements in support of or opposition to the disapproval by March 12, 2025. The disapproval remains effective until further notice.

Cboe BZX Exchange, Inc. has proposed a rule change to modify the fees for their BZX Top Feed, which provides up-to-date quotations and trading information. They plan to increase the monthly cost of distributing this data internally within a company to $750, and introduce a fee of $4 per month for each professional user accessing this data internally. External distribution fees remain unchanged. This change aims to ensure fair compensation for the data provided while keeping it accessible to various market participants at competitive prices compared to similar offerings from other exchanges.

The Securities and Exchange Commission (SEC) is seeking public comments on the renewal of information collection forms related to its whistleblower program, as per the Paperwork Reduction Act. The program, established under the Dodd-Frank Act, compensates whistleblowers who aid in enforcing securities law violations. Two forms are involved: Form TCR, which is used to report violations, taking about 1.5 hours to complete, and Form WB-APP, used to claim awards, requiring approximately 2 hours to fill out. Over the past years, the SEC has reported receiving an average of 560 TCR submissions and 215 WB-APP submissions annually, resulting in an estimated yearly reporting burden of 1,270 hours. Public feedback is encouraged within 30 days of this notice.

MIAX PEARL, LLC ("Exchange") applied to the Securities and Exchange Commission (SEC) for an exemption from certain rule filing requirements. This request allows changes to MIAX PEARL Equities Rules, which include references to Financial Industry Regulatory Authority (FINRA) and Miami International Securities Exchange (MIAX) rules, to be updated automatically without the need for additional filings. The SEC granted this exemption, reasoning it would keep the rules consistent across different regulatory bodies and avoid duplicate filings. This decision requires MIAX PEARL to notify its members whenever there are changes to the rules they incorporate by reference.