📉Cboe BZX Proposed Rule Changes for Late Limit-On-Close Orders
The Securities and Exchange Commission published a notice regarding Cboe BZX Exchange's proposed amendments to order pricing rules for Late-Limit-On-Close and Limit-On-Close orders. These changes aim to streamline the Closing Auction process and reduce volatility by allowing adjustments to order prices and altering submission times, benefitting market participants.
Learn More📈Overview of the Twenty-Fourth Amendment to the NMS Plan
The Securities and Exchange Commission has announced the immediate effectiveness of the Twenty-Fourth Amendment to the National Market System Plan, reflecting NYSE Chicago, Inc.'s name change to NYSE Texas, Inc. This non-substantive amendment is part of efforts to address extraordinary market volatility and maintain operational integrity among participants. Comments from the public are invited as part of the regulatory process.
Learn More📈Business Implications of the Proposed Intraday Mark-to-Market Charge
The SEC has published a notice regarding the Fixed Income Clearing Corporation's proposal to implement an Intraday Mark-to-Market Charge at GSD. This rule change aims to mitigate intraday risk exposures for members by assessing fees based on portfolio fluctuations. Comments are being sought from interested parties to evaluate the implications and facilitate broader market safety.
Learn More