Search Results for keywords:"market participants"

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Search Results: keywords:"market participants"

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  • 2024-30912 — Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fees Schedule Related to Physical Port Fees
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    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.

  • 2025-01927 — Self-Regulatory Organizations; MIAX Emerald, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Delete All References to Mini-Options in the Rulebook and To Update Citations to Rule 600(b) of Regulation National Market System
    Type:Notice
    Citation:90 FR 8551
    Reading Time:about 5 minutes

    MIAX Emerald, LLC filed a proposed rule change with the Securities and Exchange Commission to remove outdated references to mini-options from its rulebook and update certain rule citations.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.

    Simple Explanation

    The document explains that a company called MIAX Emerald is getting rid of old rules about something called mini-options in their book to make things easier to understand. They let people know they can share their thoughts about this change before a specific date.

  • 2025-05449 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Fees for the Cboe Legacy Silexx Platform Versions
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    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.

  • 2024-29626 — Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule of NYSE Chicago, Inc.
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    Type:Notice
    Citation:89 FR 102231
    Reading Time:about 17 minutes

    The NYSE Chicago is proposing changes to its Fee Schedule involving fees and credits for single-sided orders. Previously, there was a $0.0010 fee per share for both removing and providing liquidity. The new plan proposes changing the fee for removing liquidity to $0.0030 per share, while offering credits of $0.0029 and $0.0014 per share for orders that add displayed and non-displayed liquidity, respectively. These changes aim to encourage more participants to contribute liquidity, enhancing trading activities and benefiting all market participants. The Securities and Exchange Commission is accepting comments on this proposed rule change.

    Simple Explanation

    NYSE Chicago wants to change how much people pay or get paid when they buy or sell stocks. If someone takes a stock away, they'll pay a bit more, but if they bring a stock to the table, they can get a tiny reward like a little thank you note for helping out.

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