Search Results for keywords:"CQS/UQDF"

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Search Results: keywords:"CQS/UQDF"

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  • 2024-29044 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 4759 Concerning Data Feeds Utilized
    Type:Notice
    Citation:89 FR 99954
    Reading Time:about 7 minutes

    Nasdaq BX, Inc. proposed a rule change to amend Rule 4759, altering its data feeds for handling and executing orders. This adjustment involves using a direct feed from the Long-Term Stock Exchange as the primary source, with CQS/UQDF as a backup. The Securities and Exchange Commission (SEC) allowed this change to become effective immediately, aiming to improve transparency without significantly affecting competition or the public’s interest. The SEC invites public comments on this rule change, seeking input through its website or email by January 2, 2025.

    Simple Explanation

    Nasdaq BX, Inc. wants to change how it uses data to buy and sell stocks by switching to a new main data source, just like how you might pick a new favorite cartoon to watch, and they want to make sure it’s better for everyone. The people in charge are okay with this change now, and they’d like anyone with something to say about it to share their thoughts before the new year.

  • 2021-03460 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 4759
    Type:Notice
    Citation:86 FR 10604
    Reading Time:about 6 minutes

    Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission to update Rule 4759, which governs the data feeds the exchange uses for handling and executing orders. The proposed amendment aims to add a direct data feed from MIAX PEARL, LLC and MEMX LLC as the primary sources, while CQS/UQDF will become the secondary source, to ensure data is available even if the primary source fails. This change is intended to improve transparency and efficiency without affecting competition, and comments on the rule can be submitted to the SEC until March 15, 2021.

    Simple Explanation

    Nasdaq wants to use two new helpers, called MIAX PEARL and MEMX, to get important information for doing trades, just like having two friends help with homework in case one is busy. This is meant to make things work better, and people can tell them what they think about this idea until March 15, 2021.

  • 2024-29039 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Amend Equity 4, Rule 4759 Concerning Data Feeds Utilized
    Type:Notice
    Citation:89 FR 99935
    Reading Time:about 7 minutes

    The Securities and Exchange Commission is reviewing a proposed rule change filed by The Nasdaq Stock Market. Nasdaq aims to amend Rule 4759 to change the primary and secondary sources of quotation data from certain market centers that it uses for order processing and regulatory compliance. The rule change involves using direct data feeds from the Long-Term Stock Exchange as the primary source and CQS/UQDF as a secondary source. The proposal is filed under a rule that allows for quicker adoption if it does not significantly impact investors or competition, and the SEC has decided it can take effect immediately.

    Simple Explanation

    Nasdaq wants to update how they get information about stock prices by using data from a new source first, and a different backup source if needed. This change is meant to happen quickly and is supposed to help everyone, but some people think it might be confusing or unfair.

  • 2021-03544 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 3304
    Type:Notice
    Citation:86 FR 11031
    Reading Time:about 6 minutes

    Nasdaq PHLX LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update Rule 3304, which deals with the data feeds the Exchange uses for processing orders and regulatory operations. The change will make MIAX PEARL, LLC and MEMX LLC the primary data sources, with CQS/UQDF as the secondary source. The purpose of this update is to enhance transparency and provide clearer information to market participants. The SEC is inviting public comments on this proposed change by March 16, 2021.

    Simple Explanation

    The Nasdaq PHLX is changing some technical details about how it handles stock trades to make things clearer and easier for people to understand. They want people to share their thoughts on this change by mid-March.

  • 2021-03461 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 4759
    Type:Notice
    Citation:86 FR 10608
    Reading Time:about 6 minutes

    The Nasdaq Stock Market LLC has proposed a change to its rules concerning data feeds used for handling, routing, and executing stock orders. They plan to use direct feeds from MIAX PEARL, LLC and MEMX LLC as their primary sources for market data, with CQS/UQDF as a secondary source if needed. This change aims to enhance transparency and support a fair and open market by clearly showing where Nasdaq gets its quotation data. The proposed rule change is intended to be implemented within 90 days of its effective date, and the Securities and Exchange Commission is open to public comments on this proposal until March 15, 2021.

    Simple Explanation

    Nasdaq, a big stock market, wants to change how it gets information to trade stocks by using main sources called MIAX PEARL and MEMX, and a backup called CQS/UQDF, to make sure everything is clear and fair. They want to do this to help people see how they make decisions about prices, and they are asking people to share their thoughts about this idea until March 15, 2021.

  • 2024-29035 — Self-Regulatory Organizations; Nasdaq PHLX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 3304 Concerning Data Feeds Utilized
    Type:Notice
    Citation:89 FR 99923
    Reading Time:about 7 minutes

    Nasdaq PHLX, LLC has proposed a rule change to update its list of data feeds used for trading and compliance processes. They intend to make the Long-Term Stock Exchange the primary data source for quoting, with CQS/UQDF as a secondary source. This update aims to improve transparency and market efficiency. The Securities and Exchange Commission (SEC) has allowed the change to take effect immediately to expedite its benefits, as it does not introduce new regulatory issues.

    Simple Explanation

    Nasdaq PHLX is changing how it gets information for trading by using a new main source called the Long-Term Stock Exchange, with a backup source. This change is happening quickly to help make trading clearer and faster, and the SEC is okay with it because it doesn’t cause any new problems.