Search Results for keywords:"IEX Options"

The Securities and Exchange Commission published a notice about a rule change proposed by the Investors Exchange LLC (IEX). IEX wants to establish rules for trading options on a new platform called IEX Options. This platform aims to enhance risk management for market makers by introducing features like automated trading, risk controls, and a mechanism to prevent trading at outdated prices. The SEC is inviting public comments on this proposal before making a final decision.

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.

The Investors Exchange LLC (IEX) has proposed a new rule to create an options trading facility called "IEX Options." This facility will be a fully automated system designed to trade options contracts, similar to other options exchanges. The plan includes implementing guidelines to protect Market Makers from risks, like the execution of outdated quotes, and to ensure fair trading practices. IEX will also adopt certain rules from other exchanges to maintain fairness and efficiency in the options market. The Securities and Exchange Commission is inviting public feedback on this proposal.