📈Nasdaq Approves New Rule for Halt Auction Processes
The Nasdaq Stock Market is implementing new regulations to enhance trading halt processes, establishing price protections and modifying auction procedures. These changes aim to ensure that securities are appropriately priced during trading halts, improve price discovery, and maintain market integrity through enhanced mechanisms consistent with current practices for LULD and MWCB halts.
Learn More📈Nasdaq PHLX Proposes New OTTO Protocol for Options Trading
The SEC has published a notice regarding Nasdaq PHLX LLC's filing for a new trading protocol called "Ouch to Trade Options" (OTTO). The proposal aims to amend existing options rules, including order types and member fees. Stakeholders are invited to comment on this significant regulatory change, which is designed for immediate effectiveness, enhancing trading operations within the options market.
Learn More💰Changes in IRS Interest Rates Affecting Customs Duties for Businesses
This notice advises the public that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will decrease from the previous quarter. For the calendar quarter beginning January 1, 2025, the interest rates for underpayments will be 7 percent for both corporations and non-corporations. The interest rate for overpayments will be 7 percent for non-corporations and 6 percent for corporations. This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel.
Learn More📄Proposed Recordkeeping Provisions by Federal Reserve for Financial Institutions
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022; OMB No. 7100-0311).
Learn More📈SEC Grants Registration for New Security-Based Swap Execution Facilities
The Securities and Exchange Commission has approved the registration of eight entities as Security-Based Swap Execution Facilities (SBSEFs). This document outlines the compliance requirements these facilities must adhere to, including adherence to specific regulatory rules and statutory core principles designed to ensure market integrity and transparency.
Learn More📈SEC Notice on NYSE Arca's Market Data Fee Change
The Securities and Exchange Commission (SEC) has published a notice regarding NYSE Arca's proposed rule change to expand the Per User Access Fee for the NYSE Aggregated Lite data feed. This change is set to take effect soon, following a solicitation for public comments on the proposal to enhance compliance and operational protocols among market participants.
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