📈BOX Exchange Adjusts Rebate Thresholds for Options Trading
The Securities and Exchange Commission announces a proposed rule change by BOX Exchange LLC to amend volume threshold percentages for rebates on non-auction transactions in multiply-listed options classes. This adjustment aims to enhance competitiveness and incentivize increased trading volumes among participants.
Learn More💰Proposed Rule Change on Market Data Fees by Miami Exchange
The Miami International Securities Exchange has proposed amendments to its fee schedule for proprietary market data feeds, introducing new categories and pricing structures. The changes aim to align fees with those of affiliated exchanges while addressing subscription handling and ensuring equitable fee allocation to various users, including Professional and Non-Professional Users.
Learn More💰Overview of MIAX Sapphire Fee Schedule Changes and Implications
The Securities and Exchange Commission has published a notice regarding a proposed rule change by MIAX Sapphire to amend its Fee Schedule. The amendments include adopting new fee categories for proprietary market data feeds, which aim to align pricing with those from affiliated exchanges, enhance clarity, and establish user fees while discontinuing an Initial Waiver Period.
Learn More💰MIAX Emerald Proposes Changes to Market Data Fees Structure
MIAX Emerald has filed a notice proposing amendments to its Fee Schedule for proprietary market data feeds. The amendments include the introduction of per User fees and Non-Display Usage fees, aimed at streamlining costs for data subscribers and aligning with industry practices. These changes could have significant implications for market participants utilizing MIAX Emerald's data services.
Learn More📈SEC Notice on Proposed Rule for Multi-Class ETFs
The SEC has issued a notice regarding a proposed rule change by Cboe BZX Exchange to allow for the generic listing and trading of Multi-Class Exchange-Traded Fund Shares, extending the decision period to September 8, 2025, to better assess the implications of this change.
Learn More📜SEC Approves Regulatory Responsibility Allocation Among SROs
The Securities and Exchange Commission (SEC) has approved amendments to a regulatory plan for allocating responsibilities among various self-regulatory organizations (SROs). This plan aims to foster cooperation, eliminate regulatory duplication, and enhance compliance efforts for broker-dealers that belong to multiple SROs, ultimately supporting a more efficient regulatory framework in the financial markets.
Learn More💰Nasdaq Proposes New Credit Rule to Enhance Trading Liquidity
The Nasdaq Stock Market has proposed a rule change to introduce a new liquidity credit aimed at incentivizing members to add displayed liquidity in equity transactions. The new structure is designed to enhance overall market quality and encourage greater trading activity across all securities.
Learn More💰MEMX Exchange Proposes Fee Changes Impacting Trading Costs
The MEMX LLC proposed rule change seeks to amend its fee schedule by increasing fees for certain Retail Orders and modifying liquidity provision tiers. The adjustments aim to enhance revenue while maintaining competitive positioning within the market structure. Changes are expected to influence transaction costs and encourage increased order flow among Members.
Learn More📈SEC Proposes Collection for Rule 18a-1 Compliance
The SEC is soliciting comments on proposed information collection under Rule 18a-1, which governs net capital requirements for stand-alone security-based swap dealers. The rule mandates risk management protocols and specifies documentation related to equity withdrawals and subordinated loans, aimed at ensuring sufficient liquidity and orderly liquidation in case of default.
Learn More📄OMB Review Notice for SEC Rule 12d3-1 Extension
The Securities and Exchange Commission has submitted a request for the extension of Rule 12d3-1, permitting certain exemptions for portfolio investments by funds. The rule allows funds to invest in securities issued by subadvisers under specific conditions, requiring modifications to advisory contracts. The notice includes a call for public comments on the information collection related to this rule.
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