Search Results for keywords:"trading platforms"

Found 2 results

Search Results: keywords:"trading platforms"

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  • 2025-05449 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Fees for the Cboe Legacy Silexx Platform Versions
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    Type:Notice
    Citation:90 FR 14288
    Reading Time:about 12 minutes

    Cboe Exchange, Inc. proposes to increase fees for its Legacy Silexx platform versions due to ongoing maintenance as they transition users to newer platform versions. The fee changes involve higher monthly rates for different platform versions; for example, the fee for the Basic version will increase from $500 to $625 per login. These platforms are optional tools for executing trades, and users can switch to other products if they find them more cost-effective. The Securities and Exchange Commission is accepting public comments on this proposal.

    Simple Explanation

    Cboe Exchange wants to raise the price for using their older computer program to make trades because they are working on moving everyone to a newer version. People can choose to keep using the old version or find another program if they think it's too expensive.

  • 2025-03231 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Grayscale Cardano Trust (ADA) Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
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    Type:Notice
    Citation:90 FR 10964
    Reading Time:about 86 minutes

    On February 10, 2025, NYSE Arca, Inc. submitted a proposal to the Securities and Exchange Commission to list and trade shares of the Grayscale Cardano Trust (ADA) under the exchange's commodity-based trust regulations. This proposal, updated by a second amendment on February 20, 2025, outlines the purpose and operation of the trust, emphasizing the roles of entities like Grayscale Investments and Coinbase Custody. The Cardano Trust functions by holding Cardano (ADA) digital assets and is designed as a cost-effective way for investors to gain exposure to ADA without holding the asset directly. The proposal includes details on the Cardano network, the trust's operation, rules for creating and redeeming trust shares, and the security protocols for storing digital asset keys.

    Simple Explanation

    Imagine a new toy that lets you pretend to have and play with a special kind of shiny coin called Cardano, but instead of holding the coin, you just play with a tiny picture of it. A group is asking for permission to let people play with these toy coins in a fun and safe way, using special rules to make sure everything goes smoothly.