💰Nasdaq Proposes New Fee Credits for Liquidity Providers
The Nasdaq Stock Market LLC proposed a rule change to amend its fee schedule, introducing new credits for members that exceed liquidity thresholds as designated liquidity providers for exchange-traded products. This initiative aims to enhance competitiveness and facilitate increased trading activity in specific securities, providing financial incentives to members.
Learn More💰IEX Proposes New Market Quality Incentives for Increased Liquidity
The Securities and Exchange Commission has published a notice regarding the Investors Exchange LLC's proposal to amend its fee schedule, establishing a Supplemental Market Quality Program. This initiative aims to boost displayed liquidity and order flow by providing financial incentives for members who meet specific trading activity criteria in designated securities.
Learn More📈Cboe Proposes Change to Enhance Auction Response Processing Time
The Cboe Exchange has proposed increasing the auction response processing time for SPX options to provide more opportunities for timely responses during peak trading activity. This change aims to enhance price improvement for investors and ensure a more efficient auction process while balancing market risks and execution speed.
Learn More💸NYSE Texas Proposes Updates to Connectivity Fee Schedule
The Securities and Exchange Commission is considering a proposed rule change by NYSE Texas, which updates its connectivity fee schedule to third-party systems and data feeds. The amendments aim to enhance user options and clarity on fees, reflecting a shift in market dynamics and competitiveness among services.
Learn More📈SEC Extends Review Period for MIAX Sapphire Options Rule Change
The SEC has announced a longer review period for MIAX Sapphire's proposed rule change to amend criteria for listing and trading options on Commodity-Based Trust Shares. The decision aims to allow sufficient time for comprehensive evaluation, indicating evolving compliance standards in the securities market.
Learn More📈MIAX Pearl Updates Data Feed Rules Following NYSE Texas Name Change
The Securities and Exchange Commission published a notice regarding MIAX Pearl's proposed rule change to amend Exchange Rule 2613, updating the name from NYSE Chicago, Inc. to NYSE Texas, Inc. This change aims to ensure clarity and transparency in data feeds used for equity securities.
Learn More📈NYSE Proposes Rule Change for Affiliate Name Update
The New York Stock Exchange is filing a proposed rule change to conform its rules to reflect the name change of its affiliate from NYSE Chicago, Inc. to NYSE Texas, Inc. The changes are non-substantive and aim to enhance clarity and transparency in trading rules, simplifying compliance for market participants.
Learn More📈SEC Proposal for Listing Shares of Canary SUI ETF
The Securities and Exchange Commission is considering a proposed rule change for the Cboe BZX Exchange to list and trade shares of the Canary SUI ETF. The proposal outlines the structure, governance, and operational details of the ETF, which will hold the SUI cryptocurrency, enhancing market accessibility for investors and reinforcing regulatory compliance in digital assets.
Learn More📈Nasdaq PHLX Updates Complex Order Functionality for Traders
Nasdaq PHLX LLC proposes amendments to its complex order functionality to enhance trading efficiency and regulatory compliance. The changes align with existing systems at Nasdaq ISE and MRX, aiming for improved performance and scalability in complex options trading. This update includes rule modifications affecting legging orders, complex order strategies, and risk protections to better serve market participants.
Learn More📉Nasdaq PHLX Proposes Elimination of Market Data Revenue Rebate Program
Nasdaq PHLX has proposed to eliminate the Market Data Revenue Rebate program, which incentivized participants to increase quoting activity but has seen limited use. The change reflects the exchange's evolving needs amidst a competitive trading environment and aims to streamline operations by reallocating resources more effectively.
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