📈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📈Nasdaq Proposes Rule Change for Hashdex Crypto Index US ETF
The Nasdaq Stock Market has filed a proposed rule change to amend the Hashdex Nasdaq Crypto Index US ETF, aligning it with generic listing standards and eliminating certain requirements from the original filing. The change aims to enhance operational efficiencies and facilitate compliance with ongoing standards for trading and investment.
Learn More📊SEC Rule 17a-4
The Securities and Exchange Commission (SEC) is soliciting comments regarding the proposed collection of information under Rule 17a-4, which stipulates specific recordkeeping requirements for broker-dealers. This includes the preservation of various business records for designated periods. The rule impacts operational efficiency and financial resources for approximately 3,298 active firms in the securities industry.
Learn More📈Cboe BZX Proposes Early Trading for ETP IPO Securities
The Cboe BZX Exchange has proposed a rule change to allow exchange-traded products (ETPs) eligible for initial public offerings (IPOs) to begin trading in the Early Trading Session. This change aims to enhance trading flexibility and liquidity, offering issuers the option to commence trading at 4
Learn More📈Proposed Rule Change for Grayscale Ethereum Trusts and ETFs
The Securities and Exchange Commission published a notice regarding a proposed rule change by NYSE Arca to amend the listing and trading conditions of the Grayscale Ethereum Trust and Mini Trust. The change transitions the Trusts to new generic standards, aiming to enhance trading efficiency and market competition while ensuring compliance with regulatory requirements.
Learn More📈ICC Rule Change on CDS On-boarding Policies and Procedures
The Securities and Exchange Commission approved ICC's proposed rule changes to the CDS Instrument On-boarding Policies. Key amendments include revising guiding principles for instrument selection, reflecting current practices, and streamlining the voluntary quote submission period. The changes aim to enhance the efficiency and accuracy of the clearing process for market participants.
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📈SEC's Proposed Rule Changes Impacting Financial Clearing Agencies
The SEC has announced the designation of a longer period for reviewing proposed rule changes related to system disruptions by the Depository Trust Company, Fixed Income Clearing Corporation, and National Securities Clearing Corporation. Comments have been received, and the Commission emphasizes the need for sufficient time to evaluate the changes before approval or disapproval.
Learn More🔗MIAX Sapphire Proposes API Access to Member Firm Portal
MIAX Sapphire, LLC proposes a rule change to enhance its Member Firm Portal (MFP) by offering API access for members. This new functionality enables automated interactions with the MFP, promoting efficient trade adjustments, risk management, and compliance, while retaining the existing web portal access at no additional cost.
Learn More📄SEC Review of Rule 12d1-3 Information Collection Request
The SEC announces the submission for OMB review for extension of Rule 12d1-3, which mandates certification for securities listing and registration. The notice details the estimated burden on respondents and highlights the public commentary opportunity for the information collection request.
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