📈Nasdaq PHLX Rule Change on Equity 4 Data Feeds Impact Analysis
The Securities and Exchange Commission announces a rule change by Nasdaq PHLX LLC to amend Equity 4, Rule 3304, establishing new primary and secondary sources for quotation data. This update aims to enhance transparency, regulatory compliance, and improve market operation efficiency through a direct feed from 24X Stock Exchange.
Learn More📈SEC Notice on Information Collection for Rule 604
The SEC announces a request for extension concerning Rule 604, which mandates the public disclosure of customer limit orders by specialists and market makers. This regulation enhances market transparency for investors, potentially improving execution opportunities and access to optimal prices in securities trading. Written comments are invited to assess the collection’s necessity and effectiveness.
Learn More💲NYSE Proposes Waiver of Gross FOCUS Fee for Member Organizations
The New York Stock Exchange (NYSE) has filed a proposed rule change to waive the Gross FOCUS fee from September 2, 2025, through December 31, 2025. This measure aims to ensure that collected fees do not exceed regulatory costs, providing temporary relief for member organizations while maintaining adequate funding for regulatory activities.
Learn More💰IEX Proposes Changes to Fee Schedule for Non-Displayed Trading
The Investors Exchange LLC (IEX) has filed a proposal with the SEC to amend its fee schedule, introducing new pricing incentive tiers aimed at boosting non-displayed trading. The Incremental Fee Tiers will offer discounts for increased trading volumes, fostering greater liquidity and competitive edge for participating members.
Learn More📈SEC Notice on Joint Transactions Application Impacting Investment Companies
The SEC has issued a notice regarding an application from Rand Capital Corporation and affiliates to allow certain business development companies to engage in co-investments, which could enable them to increase portfolio company investments collaboratively. Interested parties may request a hearing before the Commission's decision on the application.
Learn More💰NYSE Arca Proposes Temporary Waiver of Gross FOCUS Fee for Businesses
The SEC has published a notice regarding NYSE Arca's proposed rule change to temporarily waive the Gross FOCUS fee for ETP Holders from September to December 2025. This waiver is designed to ensure that fee collections align with the regulatory costs, benefiting all market participants equally and posing no undue burden on competition.
Learn More📈Amendments to Rule on Commodity-Based Trust Shares
The SEC has proposed amendments to Rule 14.11(e)(4) to facilitate the generic listing and trading of Commodity-Based Trust Shares. This regulatory update aims to enhance market access and promote investor protection by establishing clear listing standards and ensuring market transparency. The proposed changes clarify the eligibility criteria and compliance obligations, potentially reshaping the trading landscape for business owners involved in financial securities.
Learn More🎤SEC and CFTC Host Public Roundtable on Regulatory Harmonization
The Securities and Exchange Commission (SEC) will co-host a public roundtable with the Commodity Futures Trading Commission (CFTC) focused on regulatory harmonization efforts. The meeting, scheduled for September 29, 2025, is open to the public and will include discussions about potential regulatory changes impacting various sectors.
Learn More📈New Generic Listing Standards for Commodity-Based Trust Shares
The SEC published a notice regarding the Nasdaq's proposed amendment to adopt generic listing standards for Commodity-Based Trust Shares. This change allows for efficient listing and trading of exchange-traded products that hold various commodities without the need for separate regulatory filings for each product, thereby streamlining market operations.
Learn More📈NYSE Arca Proposes New Rule for Generic Listing of Trust Shares
The NYSE Arca has filed a proposed rule change to implement new standards under Rule 8.201-E, enabling the generic listing and trading of Commodity-Based Trust Shares. The amendments aim to enhance market efficiency, reduce costs for issuers, and promote competitive dynamics among financial products in the investment sector.
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