📈Cboe EDGX Amendments for Retail Orders in Principal Capacity
The Cboe EDGX Exchange proposes to amend its rules to allow Retail Member Organizations to enter retail orders in a principal capacity. This change aims to improve execution prices for retail customers and requires RMOs to adopt new compliance measures, enhancing market efficiency and competition while fostering better trading conditions for individual investors.
Learn More📈SEC Proposal for Listing Multi-Class ETFs on Cboe BZX Exchange
The Cboe BZX Exchange has submitted a proposal to the SEC to adopt a new rule permitting the generic listing and trading of Multi-Class Exchange-Traded Fund (ETF) shares. This initiative aims to streamline processes for listing while complying with the Investment Company Act, enhancing investor options and market efficiency.
Learn More💰Cboe BZX Proposes New Fees for Closed-End Funds Listings
Cboe BZX Exchange has submitted a proposed rule change to amend listing fees for Closed-End Funds, establishing entry fees of $10,000 and annual fees of $12,500. The proposal aims to create a competitive pricing structure that could attract more issuers by significantly lowering costs compared to existing fees. The Exchange believes these changes will enhance competition among listing venues.
Learn More🔒Proposed Rule Change for Fingerprint Processing at BOX Exchange
BOX Exchange LLC proposes changes to its fingerprint-based background check procedures to include a Live-Scan electronic system for enhanced security. This change aims to streamline compliance with federal regulations and improve the effectiveness of background checks for employees and independent contractors. The new system aligns with practices adopted by other national securities exchanges, ensuring the safety and security of Exchange operations.
Learn More🌊Amendments to Rename Gulf of Mexico to Gulf of America
The Bureau of Ocean Energy Management (BOEM) is amending its regulations that implement the Outer Continental Shelf Lands Act (OCSLA) to revise language reading "Gulf of Mexico" or the associated acronym "GOM" to read "Gulf of America" or the associated acronym "GOA." Executive Order 14172 directs agencies to make this change. This final rule ensures that these regulations comply with this order.
Learn More💰Proposed Rule Change for VanEck Bitcoin and Ethereum Trusts
The SEC is assessing a proposed rule change from Cboe BZX Exchange to amend listing rules for the VanEck Bitcoin and Ethereum Trusts, allowing in-kind creations and redemptions. This proposal aims to enhance the trading mechanics and operational efficiency of trust shares while addressing legal and policy issues. The Commission is encouraging public comments on this proposal.
Learn More💰Proposed Cboe BZX Rule Change for Bitcoin Fund Trading
The SEC has initiated proceedings to evaluate a proposed rule change from Cboe BZX Exchange, which seeks to amend the trading rules for the WisdomTree Bitcoin Fund. The amendment would allow in-kind creations and redemptions, raising essential regulatory considerations regarding market integrity and investor protection. Stakeholders are invited to submit comments by June 27, 2025.
Learn More📈SEC Proposes Rule Change for MIAX Emerald Interface Ports
The Securities and Exchange Commission has published a notice regarding MIAX Emerald, LLC’s proposed rule change that eliminates the cap on Limited Service MIAX Emerald Express Interface Ports for Market Makers. This change aligns MIAX Emerald's fee structure with its affiliates, thereby promoting consistent access and potentially enhancing market competitiveness.
Learn More📊SEC Meeting on Small Business Regulations - Sunshine Act Notice
The Securities and Exchange Commission announces a public meeting regarding the Small Business Capital Formation Advisory Committee. This meeting will discuss rules and regulations affecting small and emerging businesses under federal securities laws, providing a platform for public commentary and insights on relevant issues. Participants can watch the meeting via a webcast.
Learn More📈NYSE Proposes Rule Change to Enhance Pillar Depth Market Data
The NYSE has proposed changes to enhance the Pillar Depth market data product, aiming to provide improved content including Auction Imbalance Information. This enhancement is designed to offer a consolidated view of market data and increase transparency, competing effectively with existing products from other exchanges.
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