💼SEC Notice on Proposed Rule Change for IEX Options Trading
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Adopt Rules To Govern the Trading of Options on the Exchange for a New Facility Called IEX Options
Summary
The SEC has announced a longer review period for the proposed rule change from the Investors Exchange LLC, which seeks to govern the trading of options on a new facility called IEX Options. This notice outlines the procedural timeline and encourages public comments on the proposed changes to enhance the regulatory framework for trading options.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content discusses a proposed rule change regarding the trading of options on a new facility by the Investors Exchange LLC (IEX). This impacts businesses involved in trading by potentially expanding their trading options and by requiring compliance with the new rules once adopted. The SEC's extension of the review period suggests thorough consideration, which may affect compliance timelines for businesses in the trading sector.