⚖️CME Securities Clearing Agency Registration Regulatory Notice
The Securities and Exchange Commission has issued a notice regarding the CME Securities Clearing, Inc.'s application for registration as a clearing agency under the Securities Exchange Act. The notice details the extension of the review period aimed at assessing the application’s compliance with regulatory requirements due to its novel operational structure involving different types of participants.
Learn More📈Cboe EDGX Rule Change for Options Opening Process Disclosed
The Cboe EDGX Exchange aims to amend its opening process for exclusively listed index options, allowing a more automated approach to opening trades. This proposed rule change focuses on facilitating timely market openings and reducing delays, thus benefiting market participants and improving overall trading efficiency.
Learn More📉SEC Approves Allocation of Regulatory Responsibilities Between FINRA and GIX
The SEC has approved a regulatory plan that allows FINRA to assume examination and enforcement responsibilities from GIX for common members. The plan aims to reduce regulatory duplication, promote efficiency, and enhance investor protection by coordinating oversight between the two organizations. This shift is part of ongoing efforts to streamline compliance processes within the securities industry.
Learn More💹Cboe BZX Exchange Fee Schedule Changes and Implications for Businesses
The Cboe BZX Exchange announces a proposed amendment to its fee schedule, adjusting volume tiers and rebates in response to competitive market dynamics. The changes include revising criteria for Add Volume Tiers and introducing an Ex-Subdollar ADAV calculation to enhance liquidity incentives, ultimately promoting increased market participation and trading volume.
Learn More📈SEC Rule Change for MEMX Execution Services
The SEC is proposing amendments to MEMX LLC's rules to clarify membership requirements for brokers and dealers and to adopt new rules governing MEMX Execution Services as an inbound router. The changes aim to align operational protocols with those of the recently approved national securities exchange, MX2, while removing obsolete rule provisions.
Learn More📊SEC Notice on Proposed Collection Under Rule 18a-4
The SEC is soliciting comments on the proposed collection of information per Rule 18a-4, which sets segregation and notification requirements for non-broker-dealer security-based swap dealers. This rule aims to enhance oversight and accountability in managing customer custodial responsibilities. Comments are invited on various aspects of the information collection.
Learn More🏦Amendment to National Market System Plan for 24X Exchange Participation
The SEC is notifying the addition of 24X National Exchange LLC as a Participant in the national market system plan, establishing compliance under Rule 605 of Regulation NMS. This amendment, effective immediately, follows 24X's registration as a national securities exchange and requires adherence to specific plan protocols by participating entities.
Learn More📈Nasdaq ISE Proposes Rule Change for Crypto Index Options Trading
The Securities and Exchange Commission announces a longer period for reviewing Nasdaq ISE's proposed rule change to list and trade options based on the Hashdex Nasdaq Crypto Index US ETF. The extension allows ample time for consideration of the proposal, important for compliance and trading strategy in the evolving cryptocurrency market.
Learn More💰Cboe Exchange Fee Schedule Changes and Business Impact
The Cboe Exchange has announced a proposed change to its Fee Schedule aimed at enhancing its Frequent Trader Program and clarifying the criteria for its Floor Broker Sliding Scale Supplemental Rebate Program. This initiative seeks to simplify the rebate structure and promote increased trading volume, particularly for businesses utilizing sub-funds as part of a larger fund strategy.
Learn More📈Regulatory Notice on Proposed Extension of SEC Form 10 Collection
The Securities and Exchange Commission is proposing a comment request regarding the extension of information collection for Exchange Act Form 10. This form is utilized by issuers to register a class of securities, requiring comprehensive disclosures about their business and financial condition to protect investor interests and facilitate informed decision-making.
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