📈MEMX Announces New Tape C Quoting Tier for Equities Trading
The Securities and Exchange Commission has published a notice regarding MEMX LLC's proposed rule change, introducing the Tape C Quoting Tier. This amendment aims to provide additive rebates for trading in Tape C securities, thereby enhancing liquidity and market quality, allowing for improved trading conditions within a competitive exchange landscape.
Learn More📈SEC Proposal Change for Fidelity Women's Leadership and Sustainability ETFs
The SEC released a notice regarding a proposed rule change reflecting an amendment to the application and exemptive order governing the Fidelity Women's Leadership ETF and Fidelity Sustainability U.S. Equity ETF. The changes are designed to enhance investment flexibility and transparency while ensuring regulatory compliance with existing standards.
Learn More📈FINRA Proposes Rule 6152 for Order Execution Report Disclosure
The SEC announces FINRA's proposed Rule 6152, mandating members to submit order execution information for NMS stocks to FINRA for centralized publication. This initiative aims to improve transparency, allowing investors and market participants better access to execution quality data, promoting informed investment decisions across the financial industry.
Learn More📊SEC Seeks Feedback for Small Business Capital Formation Initiative
The SEC is requesting comments on an information collection aimed at improving its outreach to small businesses and investors. This effort focuses on understanding demographic insights and challenges in capital formation. Feedback will refine the Office’s educational materials and initiatives to better serve small businesses in the financial landscape.
Learn More📊Amendments to Form PF Reporting Requirements for Private Funds
The Commodity Futures Trading Commission ("CFTC") and the Securities and Exchange Commission ("SEC") (collectively, "we" or "Commissions") are adopting amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator ("CPO") or commodity trading adviser ("CTA"). The amendments correct certain errors in Form PF.
Learn More💹Proposed Changes to NYSE American Fees May Impact Trading Strategies
The NYSE American LLC has filed a notice regarding proposed amendments to transaction fees and credits for Electronic Designated Market Makers. These changes aim to enhance liquidity and competitiveness in the market, responding to the evolving trading landscape and investor needs. The proposal includes introducing a new higher credit option for eDMMs to incentivize increased liquidity provision.
Learn More📈SEC Adjusts Transaction Fee Rates to $0.00 for FY 2025
The Securities and Exchange Commission has ordered annual adjustments to transaction fee rates for fiscal year 2025. Under the adjustments, the new uniform rate will be set at $0.00 per million on covered sales, following established methodologies to ensure compliance with the Securities Exchange Act of 1934.
Learn More📈Cboe EDGX Proposes Rule Change for Retail Equities Membership Program
The Cboe EDGX Exchange proposes a rule change to clarify the eligibility requirements for its Retail Equities Membership Program. The amendment specifies the timing of membership application approvals and aims to ensure uniformity in the process, facilitating better alignment with current practices. The update is intended to enhance clarity for potential program participants and remove outdated criteria.
Learn More📄SEC Seeks Comments on Proposed Rule 204-3 for Investment Advisers
The SEC is soliciting comments on Rule 204-3, which mandates that investment advisers provide clients with brochures and updates at the start of their advisory relationship and annually thereafter. This rule aims to enhance transparency about advisers' qualifications, practices, and disciplinary history, fostering informed client decisions.
Learn More💹NYSE Proposes Rule Change to Amend Price List with New Routing Fees
The NYSE has filed a notice regarding a proposed rule change to amend its price list by adopting fees for orders routed via the Midpoint Ping strategy. The change, effective April 1, 2025, aims to enhance access to midpoint liquidity while promoting competition among exchanges.
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