📈SEC Proposes Change to Options Position Limits for IBIT
The Securities and Exchange Commission published a notice regarding the NYSE American LLC's proposal to amend Rule 904, which governs position limits for options on the iShares Bitcoin Trust ETF (IBIT). The amendment aims to enhance trading flexibility and competitiveness by adjusting the previously fixed limit based on market data and trading volume, potentially allowing for increased positions.
Learn More📈SEC Notice
The SEC announces the filing and immediate effectiveness of an amendment to the National Market System Plan, adding 24 National Exchange LLC as a Participant. This amendment will alter existing market structures by integrating a new exchange, thereby impacting regulatory compliance and engagement within the national securities framework.
Learn More📈Cboe BZX Exchange Proposes Fee Schedule Amendments
Cboe BZX Exchange has filed to amend its fee schedule by lowering the enhanced rebate for specific trading tiers. This change, effective August 1, 2025, aims to maintain competitiveness within the equities market, reflecting adjustments due to market conditions while encouraging liquidity provision among members.
Learn More📉MIAX Pearl Fee Schedule Changes Effective August 2025
The Securities and Exchange Commission has announced a modification to the MIAX Pearl Equities Fee Schedule, focusing on amendments to rebate structures for executions of orders in securities priced at or above $1.00 per share. The changes aim to enhance competitive positioning while ensuring the clarity and consistency of associated liquidity indicator codes.
Learn More💰Cboe BZX Exchange Proposes New Fee Structure for Dedicated Cores
The Cboe BZX Exchange has filed a proposed rule change to amend its fee schedule, introducing charges for Dedicated Cores—a service aimed at reducing latency and improving transaction throughput. Users can receive up to two Dedicated Cores at no additional cost, with tiered pricing for additional cores based on usage.
Learn More💹Cboe BZX Exchange Fee Schedule Changes and Implications for Businesses
The Cboe BZX Exchange announces a proposed amendment to its fee schedule, adjusting volume tiers and rebates in response to competitive market dynamics. The changes include revising criteria for Add Volume Tiers and introducing an Ex-Subdollar ADAV calculation to enhance liquidity incentives, ultimately promoting increased market participation and trading volume.
Learn More💰Proposed Rule Change on Fees for Industry Members Related to CAT
The SEC published a notice regarding a proposed rule change by the Long-Term Stock Exchange, Inc., aiming to establish fees for Industry Members associated with the Consolidated Audit Trail (CAT) for the latter half of 2025. This notice invites public comments and details the regulatory framework surrounding CAT costs and fee structures.
Learn More📈Analysis of SEC Rule Change for MX2 Options Trading
The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change for MX2 Options, detailing the terms, purpose, and significant aspects of the new electronic trading system for options. The proposal emphasizes compliance with regulatory standards, member participation, and market maker obligations, seeking to enhance the current trading framework.
Learn More📉IEX Proposes Rule Change on Post Only Orders for Liquidity
The Investors Exchange LLC proposes a modification to its Post Only order type, requiring a minimum price improvement of $0.01 for execution upon entry. This change aims to encourage the posting of displayed liquidity and enhance market efficiency, aligning IEX with similar practices in other exchanges. The new rules are set to provide greater price determination for members and streamline trading operations.
Learn More📈Texas Stock Exchange Application for National Securities Exchange Registration
Texas Stock Exchange LLC has submitted an application to register as a national securities exchange. The Securities and Exchange Commission is inviting public comments on this application, which outlines TXSE's proposal to fulfill regulatory requirements, governance, and operational details of their trading system.
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