Search Results for keywords:"MX2 LLC"

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Search Results: keywords:"MX2 LLC"

  • Type:Notice
    Citation:90 FR 12590
    Reading Time:about 85 minutes

    The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.

    Simple Explanation

    The SEC has decided that a company called MX2 can set up a place where people can buy and sell stocks, just like a big kid playing store with their toys. But instead of getting new toys, they're using what's already on the shelf, and other grown-ups will help make sure everyone plays fair.

  • Type:Notice
    Citation:89 FR 102214
    Reading Time:about 4 minutes

    On September 19, 2024, MX2 LLC applied to the Securities and Exchange Commission (SEC) for registration as a national securities exchange under the Securities Exchange Act of 1934. The company later submitted an amendment to its application on November 29, 2024. MX2 plans to operate an automated electronic trading platform without a physical trading floor, allowing broker-dealer members to trade NMS stocks. The SEC is seeking public comments on MX2's application to determine if it meets the necessary requirements and will decide whether to grant the registration based on these assessments.

    Simple Explanation

    MX2 LLC wants permission to start a new stock trading place online, where people can buy and sell shares using computers instead of going to a real building. The government is asking people to say what they think about this idea to help decide if it's okay.