Search Results for keywords:"fractional fills"

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Search Results: keywords:"fractional fills"

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  • 2025-04336 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules Related to the Preferred Market-Maker (“PMM”) Participation Entitlement
    Type:Notice
    Citation:90 FR 12624
    Reading Time:about 5 minutes

    Cboe Exchange, Inc. filed a proposed rule change to amend its rules for Preferred Market-Makers (PMMs) participation entitlement. The changes include a 60/40 entitlement percentage structure for PMMs, changes to how fractional fills are rounded for orders with more than one contract, and ensuring that PMMs receive at least one contract if they have the best price quote. The Securities and Exchange Commission (SEC) has approved the immediate effectiveness of this rule, believing it will enhance liquidity and trading opportunities without significant regulatory issues. Public comments on this proposal are invited before April 8, 2025.

    Simple Explanation

    Cboe Exchange wants to change some rules so special traders, called Preferred Market-Makers, get more chances to trade first. This change is supposed to make trading better, and people can share their thoughts about it until April 8, 2025.

  • 2025-04159 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 21.8, Order Display Book Processing
    Type:Notice
    Citation:90 FR 12376
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) announced that the Cboe EDGX Exchange, Inc. submitted a proposed rule change to alter how it processes certain stock orders. This change involves rounding up fractional fills from the Preferred Market-Makers' participation entitlement structure for large orders, ensuring that a participating market-maker gets at least one contract if they have priority. The SEC agreed to make these changes effective immediately, as it improves trading opportunities without introducing new regulatory issues. The public is invited to comment on this rule change until April 7, 2025.

    Simple Explanation

    The government said that a special stock trading place called Cboe EDGX Exchange wants to change a rule to make sure that stock helpers get at least one stock when they help buy or sell big amounts. They think this change is good for trading and will let people say what they think about it until April 7, 2025.