Search Results for citation:"90 FR 12577"

Found 2 results

Search Results: citation:"90 FR 12577"

💰 Only
Oldest Newest
  • 2025-04328 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its FLEX Trading Rules
    Type:Notice
    Citation:90 FR 12577
    Reading Time:about 3 minutes

    Nasdaq ISE, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) concerning its FLEX trading rules. The proposed change aims to clarify how FLEX orders will be managed if the auction period goes beyond market closing. The rule change is designed for immediate effect, and interested parties are invited to submit their comments by April 8, 2025. Further details on the proposed rule change can be found on both the Nasdaq ISE and SEC websites.

    Simple Explanation

    Nasdaq ISE wants to change some rules about how special trades called FLEX orders are handled if they take too long and the market closes. They told a big group in charge, the SEC, about this, and people can say what they think until April 8, 2025.

  • 2025-04346 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List Options on the Fidelity Ethereum Fund
    Type:Notice
    Citation:90 FR 12577
    Reading Time:about a minute or two

    On January 24, 2025, the Cboe BZX Exchange, Inc. filed a proposal with the Securities and Exchange Commission (SEC) to list options on the Fidelity Ethereum Fund. The proposal, which was modified with Amendment No. 1, was published for public comment on February 13, 2025, but received no feedback. The SEC, needing more time to review the proposal, extended the deadline for its decision to either approve, disapprove, or start proceedings regarding the proposal from March 30, 2025, to May 14, 2025.

    Simple Explanation

    The SEC needs more time to decide if people can trade special bets, called options, on a fund that deals with Ethereum, a type of computer money, so they pushed back the deadline to say “yes” or “no” until May.