Search Results for keywords:"trading"

Cboe BZX Exchange, Inc. has proposed a new rule to amend its fee schedule by introducing a monthly fee of $350 for each additional Market Participant Identifier (MPID) a member uses, while the first MPID remains free. This change aims to align fees with the benefits received by members using multiple MPIDs and is designed to promote efficient use of these identifiers. The proposal emphasizes competition among exchanges and states that many options are available for trading, meaning the fee is not overly burdensome. The Securities and Exchange Commission is soliciting public comments on this proposed rule change.

The Nasdaq Stock Market LLC has proposed changes to its fee structure, aiming to incentivize increased market activity. These proposals include introducing new fee credits for members who add liquidity, changing existing fees and credits for orders during pre-market sessions, and amending the opening cross fees. Additionally, Nasdaq plans to eliminate the Excess Order Fee Program due to its limited impact, thereby reallocating resources to more effective incentives. The Securities and Exchange Commission is seeking public comments on these proposed changes.

The Cboe BZX Exchange, Inc. had proposed a rule change to allow the listing and trading of Options-Linked Securities. This proposal was initially filed with the Securities and Exchange Commission (SEC) in May 2020 and published for public comment in June 2020. The SEC extended the period for decision-making on several occasions throughout 2020, but ultimately, the Exchange decided to withdraw the proposed rule change in December 2020. The Commission did not receive any comment letters regarding this proposal.

Cboe Exchange, Inc. has proposed a rule change to amend how it calculates the "current market value" for certain options, specifically Exchange-Traded Fund (ETF) options, to determine the necessary margin requirements. Currently, the closing trade prices for these options are used at 4:15 p.m. Eastern time. The proposal suggests using quotes from 15 minutes before the close of trading, aligning the valuation time with related index options for better consistency in market evaluations. This change aims to reduce potential risks and price distortions for market participants involved in both ETF and related index options trading.

The Securities and Exchange Commission (SEC) announced that Nasdaq ISE, LLC (ISE) has submitted a proposed rule change on January 10, 2025. This rule change aims to set new fees for its expanded co-location services, allowing traders to place their trading equipment near ISE's servers for faster access. The SEC is inviting public comments on this proposal, and interested parties can submit their thoughts electronically through the SEC's website or by mail until February 18, 2025. This proposal has been designated for immediate effectiveness under U.S. securities law, although the SEC can delay its implementation if needed to protect investor interests.