Search Results for keywords:"open outcry"

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Search Results: keywords:"open outcry"

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  • 2025-04076 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Increase Port Fees
    Type:Notice
    Citation:90 FR 12194
    Reading Time:about 3 minutes

    On March 3, 2025, NYSE Arca, Inc. submitted a proposed rule change to the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934. This change aims to increase the port fees and remove the discount for open outcry port fees. The proposal has been designated for immediate effectiveness, and the SEC is seeking comments from the public until April 4, 2025. Details about the rule change can be found on the NYSE and SEC websites, and the public is encouraged to share their views without including personal information.

    Simple Explanation

    NYSE Arca wants to charge more money, called port fees, for using their services, and they will stop giving people a discount on certain fees. They're asking people to share their thoughts on this change, but they haven't explained why they're doing it or how it will affect everyone.

  • 2021-01129 — Self-Regulatory Organizations; Nasdaq Phlx LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify Phlx Options 8, Section 28, “Responsibilities of Floor Brokers” and Section 30, “Crossing, Facilitation and Solicited Orders”
    đź’°
    Type:Notice
    Citation:86 FR 6389
    Reading Time:about 24 minutes

    Nasdaq Phlx LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to allow Floor Brokers to use a system called FBMS remotely. This change would permit them to handle certain types of orders without being physically on the Trading Floor, which is especially helpful when open outcry (public bid sharing) is not available. The proposal aims to give greater flexibility in staffing and operations, so business can continue smoothly, even during situations like Trading Floor closures. The SEC invites public comments on this proposal to ensure it aligns with investor protection and market fairness.

    Simple Explanation

    Nasdaq wants to let some brokers work from home using a special computer system, so they can still do their jobs even if the place they usually work is closed. The SEC is asking people if they like this idea or have any concerns.