Search Results for keywords:"Trading Volume"

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Search Results: keywords:"Trading Volume"

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  • 2021-03216 — Self-Regulatory Organizations; MIAX PEARL, LLC; Order Granting Approval of a Proposed Rule Change To Amend the Exchange's By-Laws in Connection With an Equity Rights Program
    Type:Notice
    Citation:86 FR 10149
    Reading Time:about 22 minutes

    The Securities and Exchange Commission (SEC) has approved a rule change proposed by MIAX PEARL, LLC to amend its By-Laws to align with an Equity Rights Program (ERP). This change allows certain exchange members to nominate or appoint a representative to the MIAX PEARL Board of Directors if they meet specified criteria and thresholds in trading volume and exchange fees over a set period. ERP members will have the opportunity to nominate a director or appoint an observer with non-voting rights to the board, providing greater representation for those active in trading. These adjustments maintain compliance with regulatory requirements, ensure fair representation, and preserve the board's composition and duties.

    Simple Explanation

    The SEC has said "yes" to a plan by a group called MIAX PEARL so that if some people trade a lot, they can help pick or watch the people in charge, like a team captain, but they can't vote. This way, the people who do a lot get a say, but no one gets too much power.

  • 2024-28253 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule
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    Type:Notice
    Citation:89 FR 95867
    Reading Time:about 17 minutes

    In a recent filing with the Securities and Exchange Commission, NYSE Arca, Inc. proposed changes to its fee schedule to replace the current incentives available for Market Makers. These changes involve eliminating the existing "Additional Credit" and introducing two new tiers—Super Select Tier and Super Select Tier II—to attract increased trading volume. The modified structure aims to make achieving the tiers more attainable for traders by lowering volume requirements in specific high-volume issues while slightly raising cross-asset activity requirements. By encouraging more trading on NYSE Arca, the proposal hopes to enhance liquidity and execution opportunities for all market participants.

    Simple Explanation

    Imagine a store is changing the way it rewards its best customers by giving them easier tasks to earn special discounts, hoping more people will shop there and make everyone get better deals overall.