Search Results for keywords:"market participants"

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Search Results: keywords:"market participants"

  • Type:Notice
    Citation:86 FR 8428
    Reading Time:about 64 minutes

    MIAX Emerald, LLC has proposed a new rule change to update its fee schedule. This change includes introducing new fees for accessing its system ports and increasing network connectivity fees for certain high-speed connections. The goal is to cover increased costs related to enhanced network transparency, reliability, and capacity, ensuring a high level of service for users who move substantial amounts of data through the exchange. The Securities and Exchange Commission is sharing this notice to invite public comments on the proposed changes.

    Simple Explanation

    MIAX Emerald wants to charge more money for using their computer network and connecting fast to their system, and they say it's to help manage their costs better. Some people worry the new prices might be too high or confusing and could make it harder for smaller users to join in.

  • Type:Notice
    Citation:90 FR 8725
    Reading Time:about 3 minutes

    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.

    Simple Explanation

    MIAX PEARL, LLC wants to add a new fee for people who use a special way to connect to their test systems, and they told the SEC about it, who is asking for everyone to share their thoughts on this new fee.

  • Type:Notice
    Citation:90 FR 8413
    Reading Time:about 17 minutes

    The Securities and Exchange Commission (SEC) has temporarily suspended a proposed rule change by NYSE Arca, Inc., which aimed to waive the Options Regulatory Fee (ORF) for December 2024 and resume it at the same rate in January 2025. The SEC will determine whether to approve or disapprove this proposal, asking for public comments to ensure that the changes meet legal requirements and are fair to all involved parties. The proposal is under scrutiny as it could potentially lead to unfair fee structures or competition discrepancies. The SEC invites comments and insights on this matter to aid in their decision-making process.

    Simple Explanation

    The SEC is deciding whether or not to let NYSE Arca, a stock exchange, stop charging a special fee for December 2024 and then start charging it again in January 2025. They want to make sure this plan is fair and doesn't give anyone an unfair advantage, so they are asking people for their opinions to help decide.

  • Type:Notice
    Citation:90 FR 14288
    Reading Time:about 12 minutes

    Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

    Simple Explanation

    Cboe Exchange wants to raise the price for using their older computer program to make trades because they are working on moving everyone to a newer version. People can choose to keep using the old version or find another program if they think it's too expensive.

  • Type:Notice
    Citation:89 FR 97148
    Reading Time:about 16 minutes

    Nasdaq GEMX, LLC has filed a proposal with the U.S. Securities and Exchange Commission to introduce new fees for its expanded co-location services. These services allow clients to place their computers and hardware within Nasdaq's data center to access trading data more efficiently. The proposal includes fees for a new type of computer cabinet called the Ultra High Density Cabinet and installation fees for both cabinets and power distribution units in a newly expanded section of their data center. This proposal aims to improve service and accommodate growing demand while ensuring that fees remain fair and consistent with market standards.

    Simple Explanation

    Nasdaq GEMX is asking to charge new fees for special computer spots at their trading center where people can set up faster computers. These fees might make it easier for rich companies to get faster trading, and not everybody likes that.

  • Type:Notice
    Citation:90 FR 3270
    Reading Time:about 3 minutes

    The New York Stock Exchange LLC submitted a proposal to the Securities and Exchange Commission to amend its Equities Price List. The proposed changes include introducing a new Adding Credit Tier 7, revising the non-display credit for Supplemental Liquidity Providers, and updating the credit for adding non-displayed liquidity in certain securities. The changes are intended to take effect on January 2, 2025. The public is invited to comment on the proposal by February 4, 2025.

    Simple Explanation

    In this notice, the New York Stock Exchange wants to change some rules about how it charges money for trades to make things better for people trading with them. They invite everyone to share their thoughts about these changes, but some important details might be hard to understand.

  • Type:Notice
    Citation:90 FR 360
    Reading Time:about 19 minutes

    The document is a notice from the Securities and Exchange Commission regarding a proposed rule change by the NYSE American LLC to amend their Connectivity Fee Schedule. These changes aim to add new options for connecting to the trading floors of the New York Stock Exchange, NYSE American, and NYSE Arca. This amendment would give users the ability to set up dedicated bandwidth connections for sending and receiving trading-related data. The proposed changes are intended to provide more flexibility and options for users while ensuring that the fees remain fair and competitive with other similar services.

    Simple Explanation

    NYSE American wants to change how people can connect to their trading markets so that they have more choices and fair prices, kind of like adding new ways to plug in more game controllers for video games.

  • Type:Notice
    Citation:89 FR 103013
    Reading Time:about 25 minutes

    MIAX Pearl, LLC has submitted a proposed rule to the Securities and Exchange Commission (SEC) to introduce a fee for market participants who wish to use a dedicated cross connection to access its testing systems environment. This environment lets members test new software and trading setups before they are applied to live trading. While the new fee for accessing via a cross connection would be set at $1,000 per month, users still have the option to access the testing environment using a free virtual private network (VPN) connection, offering a similar experience without the additional cost. The proposed fee establishes a uniform cost regardless of connection capacity and is considered to be in line with or cheaper than fees charged by other exchanges.

    Simple Explanation

    MIAX Pearl is asking for a new rule where companies can pay $1,000 each month to use a special, fast connection to test their trading systems, even though they can still test for free using a slower connection.

  • Type:Notice
    Citation:86 FR 9416
    Reading Time:about 7 minutes

    ICE Clear Europe Limited submitted a rule change to the Securities and Exchange Commission (SEC) to lower the clearing fees for the ICE Futures Europe Three Month Swiss Average Rate Overnight (SARON®) Index futures contract. The reduction in fees aligns with a decrease in the contract's notional size by a factor of four, facilitating a simpler transition of Open Interest from another contract type. The new fees are planned for implementation on March 1, 2021, pending regulatory approval. The changes are intended to ensure that fees are fair and consistent with the costs of clearing services without affecting competition among market participants.

    Simple Explanation

    ICE Clear Europe Limited is planning to lower the costs for a special type of future contract by making it cheaper, like giving a discount because the size of what they're trading has become smaller.

  • Type:Notice
    Citation:89 FR 106644
    Reading Time:about 20 minutes

    The Cboe BYX Exchange, Inc. has proposed a rule change to increase the monthly fee for its 10 gigabit physical port connections from $7,500 to $8,500. This fee adjustment is intended to help the Exchange maintain and improve its technology infrastructure. The Exchange argues that the increased fee is still competitive compared to similar fees charged by other exchanges and that it has not changed this fee since 2018 despite inflation. The proposal is currently open for public comments, with a submission deadline of January 21, 2025.

    Simple Explanation

    The Cboe BYX Exchange wants to raise the cost of a special internet connection from $7,500 to $8,500 a month to help keep things running smoothly. They say this higher price is still good compared to others, but some people are worried it might make things harder and more expensive for smaller companies wanting to join in.