Search Results for keywords:"competition among exchanges"

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Search Results: keywords:"competition among exchanges"

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  • 2025-03810 — Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Exchange's Pre-Market Session To Begin at 4 a.m. Eastern Time
    Type:Notice
    Citation:90 FR 11767
    Reading Time:about 4 minutes

    MEMX LLC, a stock exchange, has proposed a rule change to start its Pre-Market Session at 4 a.m. Eastern Time instead of the usual 7 a.m. The Securities and Exchange Commission (SEC) is considering this proposal, which is meant to align MEMX's trading hours with those of other exchanges, and has agreed to let it take effect immediately. The proposed change does not raise any new regulatory concerns, and the SEC is seeking public feedback on whether this change complies with existing laws. Interested parties have until April 1, 2025, to submit comments.

    Simple Explanation

    MEMX, a place where people buy and sell stocks, wants to start letting people trade earlier in the morning, at 4 a.m. instead of 7 a.m. The government group in charge, called the SEC, is okay with this idea as long as it's safe and fair, and they want to know what everyone else thinks by April 1, 2025.

  • 2024-29150 — Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 346
    Type:Notice
    Citation:89 FR 100567
    Reading Time:about 14 minutes

    The New York Stock Exchange (NYSE) has proposed amendments to Rule 346, which outlines the process by which a broker-dealer can remain a member even if they are subject to a statutory disqualification. This change aims to align NYSE rules with those of other exchanges and clarify procedures in situations where membership applications involve such disqualifications. The SEC must review this proposal, which includes a provision for immediate effect to address a time-sensitive case. The public is invited to comment on these proposed changes.

    Simple Explanation

    The NYSE wants to change a rule to let people who might be in trouble with certain rules keep trading, just like other places do, and they want this change to happen quickly because they have a specific reason that can't wait.