Search Results for keywords:"proposed rule change"

The Securities and Exchange Commission (SEC) announced an extension of the decision period for a proposed rule change by NYSE Arca, Inc. The proposed change aims to lengthen the hours of extended trading sessions. The SEC received comments on the proposal and an amendment that adjusted the original suggestion. To allow more time for consideration and public feedback, the SEC set a new deadline of February 12, 2025, to either approve, disapprove, or begin further proceedings on the proposal.

The Cboe EDGX Exchange, Inc. has proposed a rule change to amend the auction response and execution price cap for AIM and SAM auctions, which are systems designed to improve pricing for securities traders. The change involves modifying Rules 21.19 and 21.21 to allow executions at prices not limited by the initial National Best Bid or Offer (NBBO), potentially providing better price improvements for orders. This proposal aims to take advantage of price movements during auctions while ensuring that orders are executed at beneficial prices, without disadvantage to market participants. The Securities and Exchange Commission is seeking public comments on this proposed rule change.

The Securities and Exchange Commission (SEC) is considering a proposed rule change submitted by The Nasdaq Stock Market LLC. This change would allow for a trading halt on the launch day of new Exchange-Traded Products, similar to what happens during initial public offerings. The proposal was initially published on February 20, 2025. The SEC is extending the time to make a decision on this matter to ensure they have enough time to consider it thoroughly, setting May 21, 2025, as the new deadline to either approve, disapprove, or seek further proceedings on the change.

The Securities and Exchange Commission has issued a notice regarding a proposed rule change filed by the Cboe EDGA Exchange, Inc. on February 13, 2025. The proposed change aims to update the Market Data section of its Fee Schedule to introduce a new fee waiver for Uncontrolled External Distributors. This change is immediately effective, and the Commission is inviting public comments on whether the proposal aligns with the Securities Exchange Act of 1934. Feedback should be submitted by March 21, 2025, to help the Commission in its decision-making process.

The Securities and Exchange Commission (SEC) is considering a rule change proposed by NYSE Arca, Inc. to amend Rule 7.31-E and introduce something called the Selective Midpoint Order. The proposed change was announced on December 30, 2024, and the SEC received comments from the public. Normally, the SEC is supposed to decide within 45 days—by February 13, 2025—but they extended the deadline to March 30, 2025, to have more time to review everything. This extension means the SEC can choose to approve, disapprove, or continue investigating the proposal.

The Cboe BZX Exchange, Inc. has filed a proposed rule change with the Securities and Exchange Commission to amend its Fee Schedule, specifically by increasing transaction fees for certain opening and closing auction fee codes. This proposal was filed on January 8, 2025, and has been designated for immediate effectiveness, meaning it can be enacted quickly. The Commission is inviting public comments on this proposal until February 18, 2025, and all comments will be made publicly available on their website.

The Securities and Exchange Commission is reviewing a proposed rule change from Cboe BYX Exchange, Inc. This change would allow users to use match trade prevention when they enter periodic auction orders on the exchange. The Commission has decided to extend the decision deadline to February 16, 2025, to have enough time to consider the proposal, which includes modifications made in Amendment No. 1. This extension ensures the Commission can make a well-informed decision on whether to approve or disapprove the rule change.

NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to list and trade shares of the Teucrium Water Fund under a specific NYSE Arca rule. This proposal was published on December 14, 2020, and as of now, the SEC has not received any public comments. Originally, the SEC had 45 days to make a decision, which would have been by January 28, 2021. However, the SEC has extended the deadline to March 14, 2021, to allow more time to consider the proposal.

Cboe C2 Exchange, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) to revise its policy on billing errors. The proposal suggests that any fees and rebates billed more than three months before an error is identified will be deemed final. The rule requires disputes to be submitted in writing with evidence, aiming to simplify the process for recognizing errors and resolving them efficiently. This change aligns C2 Exchange's practices with those of its affiliated exchanges, ensuring consistency across platforms.

The Investors Exchange LLC (IEX) submitted a proposed rule change to the Securities and Exchange Commission (SEC) regarding the trading of options on a new facility named IEX Options. This proposal was published in the Federal Register on January 21, 2025, and has received public comments. Under the Securities Exchange Act, the SEC normally has 45 days to decide on a proposed rule change, but this period can be extended. In this case, the SEC has extended the decision deadline to April 21, 2025, to allow more time to review the proposal and the comments received.