Search Results for keywords:"market participants"

Cboe BZX Exchange, Inc. has proposed a rule change to increase the entry fee for exchange-traded products (ETPs) to $10,000 per ETP. This proposed change was filed with the Securities and Exchange Commission (SEC) and is designated for immediate effectiveness. The SEC is seeking comments from the public on whether this rule change is consistent with the Securities Exchange Act of 1934. Interested parties can submit their comments online or by mail before March 21, 2025.

Nasdaq PHLX LLC has filed a proposed rule change with the Securities and Exchange Commission to update its pricing schedule for certain options trades. The changes include offering a rebate to customers and charging a fee to non-customers for specific trades involving SPY options. Additionally, the exchange plans to charge a stock handling fee for stock-option orders and increase a surcharge on electronic complex orders that remove liquidity in Penny Symbols, excluding those involving SPY. The proposal is available for public comment until March 12, 2025, and details are accessible on both the Nasdaq and SEC websites.

The NYSE American LLC has proposed a change to amend Rule 915 to allow options on Commodity-Based Trust Shares. This change is to ensure that all new options on Commodity-Based Trust Shares can be listed and traded on the Exchange the same way as other exchange-traded funds (ETFs). The proposed rule aims to enhance competition by enabling more investment choices and opportunities, benefiting market participants by allowing the Exchange to list options more quickly without needing additional approvals. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal.

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.

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.

The Securities and Exchange Commission (SEC) is informing the public about a new rule proposal from NYSE Arca, Inc. This rule suggests increasing the fees for port services and removing outdated language from their Fee Schedule, effective March 3, 2025. The SEC invites public comments on the rule change and provides instructions on how to submit these comments online or via email. All comments will be publicly available on the SEC's website.

ICE Clear Credit LLC (ICC) has proposed a rule change related to its Default Management Procedures, specifically aiming to formalize the process of convening its CDS Default Committee through teleconferences when in-person meetings are not possible. The proposal includes updates on notification procedures to ensure timely and accurate alerts during the default management process. These changes are designed to enhance ICC's ability to manage defaults effectively, in compliance with regulatory standards, and to ensure continued service delivery while safeguarding securities and investor interests. The Securities and Exchange Commission invites public comments on the proposed changes.

Cboe BYX Exchange, Inc. has proposed a rule change to remove two specific routing fee codes from its fee schedule due to minimal usage. These fee codes, known as fee code 8 and MX, applied to orders routed to the NYSE American exchange. The change means these orders will now be charged a standard routing fee instead. The proposal aims to simplify the fee structure for routed orders and is consistent with similar descriptions used by Cboe’s affiliated exchanges. The Securities and Exchange Commission has invited public comments on this proposed rule change.

The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange, Inc. The change involves the introduction of a new service called the Cboe Timestamping Service, which offers detailed timestamp information on orders, quotes, and cancels for market participants. This service includes two types of reports: the Missed Liquidity Report and the Cancels Report, both of which are optional and require separate fees. The Exchange has requested the Commission to allow the change to take effect immediately to offer these reports starting January 27, 2025, and the public is invited to submit comments until February 13, 2025.

MIAX Emerald, LLC filed a proposed rule change with the Securities and Exchange Commission to remove outdated references to mini-options from its rulebook and update certain rule citations. The aim is to clarify the rules for the benefit of investors and to eliminate any potential confusion. The commission decided that the rule change could take effect immediately upon filing because it does not pose any novel regulatory issues. Public comments on the proposal are being solicited before February 20, 2025.