📈Cboe BZX Exchange’s New Closing Auction Rule Amendments
The SEC approved proposed rule changes by Cboe BZX Exchange to amend how Late-Limit-On-Close (LLOC) and Limit-On-Close (LOC) orders are priced and submitted. These changes aim to enhance market efficiency, reduce price volatility, and provide clearer pricing signals during the Closing Auction, potentially benefiting both users and overall market stability.
Learn More📈SEC Rule 17Ad-17
The SEC announces a request for an extension of information collection under Rule 17Ad-17, requiring brokers and transfer agents to search for lost securityholders and notify them. The rule involves maintaining records, incurs significant costs, and impacts a large number of financial entities. Public comments are invited on the proposed collection.
Learn More📉SEC Declares 24X National Exchange Minor Rule Violation Plan Effective
The SEC has declared effective a Minor Rule Violation Plan proposed by 24X National Exchange LLC. This plan will categorize specific rule violations as minor and allow fines not exceeding $2,500 without formal disciplinary proceedings. The Exchange will provide quarterly reports on any actions taken under this plan.
Learn More📊Proposed Market Data Fees by Long-Term Stock Exchange Explained
The Securities and Exchange Commission has published a notice about the Long-Term Stock Exchange's proposed rule change to amend its fee schedule, introducing fees for proprietary market data feeds, including Depth of Book and Top of Book. This proposal is aimed at covering the costs associated with providing these services and enhancing financial transparency within the market.
Learn More📊SEC Notice on Joint Transactions for Investment Companies
The SEC issued a notice regarding the Gladstone Alternative Income Fund's application for an order to allow certain BDCs and investment companies to co-invest in portfolio companies. This application seeks to change existing prohibitions under the Investment Company Act, providing new avenues for collaboration among investment entities.
Learn More📊Cboe Unveils Monthly Fees for All Cancels Market Data Report
The Securities and Exchange Commission published a notice regarding the Cboe C2 Exchange's proposed rule change to adopt fees for the All Cancels Report. This new market data product will aid Trading Permit Holders in understanding cancel behaviors and will assess a monthly fee of $1,500, which is intended to provide enhanced insight on trading activities.
Learn More📈24X National Exchange Added to LULD Plan Notice
The Securities and Exchange Commission has announced the immediate effectiveness of an amendment to the LULD Plan, incorporating 24X National Exchange as a participant. This change aims to address extraordinary market volatility and enhance operational processes for national securities exchanges and associations involved in the plan. The amendment allows for market data participation and compliance with established regulatory frameworks.
Learn More💼SEC Notice on Information Collection for Compensatory Benefit Plans
The SEC issued a notice regarding the extension of information collection activities related to Rule 701, which exempts certain issuers from registration for offers and sales of securities tied to compensatory benefit plans. The extension emphasizes the importance of providing essential information to investors while streamlining the compliance process for businesses not under reporting obligations.
Learn More📈Proposed Change to Rule 900.3NYP Enhances Market Order Execution
The SEC published a notice regarding NYSE American LLC's proposed rule change to amend the handling of Market Orders by eliminating a validation that resulted in order cancellations. This change is aimed at improving execution opportunities, benefiting local interests and maintaining market integrity.
Learn More💼NYSE Proposes Rule Change for Hardware and Managed Services
The New York Stock Exchange (NYSE) is proposing a rule change to its Connectivity Fee Schedule, introducing hardware procurement and managed services in the Mahwah Data Center. This change aims to simplify the acquisition of IT services for users, allowing them to contract through NYSE rather than multiple vendors, streamlining procurement and reducing onboarding burdens.
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