📈Nasdaq Options Proposed Rule Change Impacts Fees and Pricing
The Securities and Exchange Commission is reviewing Nasdaq PHLX LLC's proposed rule change to establish pricing for new electronic options functionality. This includes fees for electronic FLEX Options, various mechanisms for order facilitation, and associated updates that aim to attract increased trading activity and enhance market liquidity.
Learn More📈New Warrant Incentive Program by 24X Exchange to Boost Trading
The Securities and Exchange Commission announces a proposed rule change for 24X National Exchange LLC, implementing a Warrant Performance Incentive Program to encourage member participation through the purchase of Non-Voting Common Units based on trading volume metrics. The program aims to enhance market liquidity and trading volumes within the exchange.
Learn More📈MIAX Sapphire Updates Rule Citations for Regulation NMS Compliance
The Securities and Exchange Commission has published a notice regarding MIAX Sapphire's proposed rule change to update citations to Rule 600(b) of Regulation NMS. This change aims to enhance clarity and compliance within the Exchange's Rulebook and ensure that members and the investing public can navigate the rules more effectively.
Learn More📈Amendments to Rule on Commodity-Based Trust Shares
The SEC has proposed amendments to Rule 14.11(e)(4) to facilitate the generic listing and trading of Commodity-Based Trust Shares. This regulatory update aims to enhance market access and promote investor protection by establishing clear listing standards and ensuring market transparency. The proposed changes clarify the eligibility criteria and compliance obligations, potentially reshaping the trading landscape for business owners involved in financial securities.
Learn More📈Cboe BZX Regulation Change
Cboe BZX Exchange has filed a proposed rule change to amend its Rule 11.23, which would allow extending the Quote-Only Period for an IPO Auction when a Derivative Security does not meet listing requirements. This enhancement aims to clarify the Exchange's discretion in maintaining market integrity and compliance for new securities.
Learn More💰IEX Proposes Fee Increase for Order Entry Ports
The SEC has published a notice regarding IEX's proposed rule to modify its fee schedule, specifically addressing the fees for logical order entry ports. The changes involve an increase in monthly fees and a reduction in the number of free ports available to members, effective October 1, 2025, subject to SEC approval.
Learn More⚖️Nasdaq BX Introduces CORE FIX Order Entry Protocol Enhancements
The Nasdaq BX is proposing a rule change to introduce the CORE FIX Order Entry Protocol, enhancing order processing efficiency and aligning existing rules with advanced handling capabilities. This will streamline order submissions for participants, offering improved performance while ensuring compliance with the regulatory framework. The implementation is expected to simplify trading for users not needing routing functionalities.
Learn More📊Cboe BZX Introduces Small Retail Broker Hosted Solutions Program
The Cboe BZX Exchange has proposed a rule change to implement a Small Retail Broker Hosted Solutions Program. This initiative aims to enhance accessibility to market data for retail investors by introducing fee waivers and updating eligibility criteria to support small retail brokers in hosting data solutions for external subscribers.
Learn More📊Cboe EDGX Introduces New Fees for All Cancels Report
The Cboe EDGX Exchange proposes a new fee for its All Cancels Report, part of its Cboe Timestamping Service, offering detailed insights into cancel behavior and messaging activities. The monthly fee is set at $1,500, available for members interested in optimizing their trading strategies and analyzing market data trends.
Learn More📈Proposed Change to Rule 900.3NYP Enhances Market Order Execution
The SEC published a notice regarding NYSE American LLC's proposed rule change to amend the handling of Market Orders by eliminating a validation that resulted in order cancellations. This change is aimed at improving execution opportunities, benefiting local interests and maintaining market integrity.
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