The Securities and Exchange Commission (SEC) is considering whether to approve or disapprove a rule change proposed by the Investors Exchange LLC (IEX) for its new options trading facility, IEX Options. This facility aims to manage the trading of options using a system similar to other exchanges while featuring unique aspects like a minor delay on orders to protect market makers. The SEC is inviting public feedback to evaluate if the proposed rules align with fair trading principles and do not impose undue competition burdens. Comments are open until May 16, 2025, with rebuttals due by May 30, 2025.
Simple Explanation
The SEC is thinking about letting a new marketplace, like a special playground for trading options, start playing. They want to make sure this playground has rules that are fair and safe, and theyβre asking people to share their thoughts about it by a certain date.