📈BOX Exchange Proposes Increased Rebates for Floor Brokers
The Securities and Exchange Commission has received a notice from BOX Exchange LLC proposing a rule change to amend transaction fees and increase order rebates for Floor Brokers. The change aims to enhance trading efficiency on the BOX Options Market by adjusting the fee structure for various market participants. Interested parties can submit comments regarding this proposal.
Learn More📈SEC Approves Grayscale XRP Trust Trading Proposal
The SEC published a notice regarding the proposed rule change by NYSE Arca to list and trade shares of the Grayscale XRP Trust. This initiative seeks to provide a regulated means to invest in XRP through an exchange-traded product, reflecting the ongoing evolution and acceptance of digital assets in the financial markets.
Learn More📈Nasdaq Proposes Trading Halt for Launch Day of Exchange-Traded Products
The Nasdaq Stock Market proposes a regulatory change allowing an optional trading halt for Exchange-Traded Products (ETPs) on their first day of trading. This mechanism aims to improve price discovery and manage volatility similar to existing IPO procedures, benefiting both issuers and investors.
Learn More📈SEC Notice on Changes to MIAX Options Fee Schedule
The SEC has published a notice regarding the Miami International Securities Exchange's proposed amendment to its Fee Schedule, specifically the removal of fees and the termination of the Market Maker Incentive Program for SPIKES options. The changes are slated to take effect on February 1, 2025, following immediate effectiveness designation. The SEC is soliciting public comment on the proposed rule change.
Learn More📊SEC Proposes Amendment to Consolidated Audit Trail Reporting
The SEC issued a notice regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail. This amendment pertains to the reporting of verbal activity and aims to enhance transparency and regulatory compliance among participating exchanges and financial institutions. The Commission has extended the review period for the amendment to ensure thorough consideration.
Learn More💰Proposed Rule Change Affecting Options Fees and Rebates
The SEC has published a notice regarding a proposed rule change by Nasdaq PHLX LLC to amend its pricing schedule for options trading. This includes new fees and rebates related to executing trades in SPY options and stock-option orders, aiming to enhance market efficiencies and participant engagement. Comments on the proposed changes are invited from interested parties.
Learn More📈Cboe BZX's Proposal for Multi-Class ETF Shares Listing
The Securities and Exchange Commission is considering a proposed rule change from Cboe BZX Exchange that would permit the generic listing and trading of Multi-Class ETF Shares. This change aims to streamline the process of listing such shares upon receiving exemptive relief, promoting a diverse financial market and potentially benefiting investors.
Learn More🔒SEC Closed Meeting Notification
The Securities and Exchange Commission announces a closed meeting on critical regulatory issues, including discussions on injunctive actions and administrative proceedings. Such meetings may lead to significant decisions impacting businesses linked to compliance and enforcement actions, with potential repercussions in the financial sector and beyond.
Learn More🪙Bitwise Solana ETF
The SEC has published a notice regarding the proposed rule change to list and trade shares of the Bitwise Solana ETF under BZX Rule 14.11(e)(4), addressing regulatory compliance and investor protection issues associated with cryptocurrency trading on national exchanges. This development highlights the evolving landscape of digital asset regulation and market access.
Learn More📈NYSE American Proposes Rule Change on Cash Sales and Shareholder Approval
The NYSE American LLC has proposed a rule change to amend Section 713 of its Company Guide. The change aims to redefine the pricing test for cash sales of securities that qualify for exemption from shareholder approval, clarifying that only cash sales at or above a newly defined minimum price will meet this exemption criteria.
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