⏳NSCC Proposes ACATS Changes to Expedite Account Transfers
The Securities and Exchange Commission has approved NSCC's proposed rule changes to enhance the Automated Customer Account Transfer Service (ACATS). Key changes include the elimination of the Settle Prep Day and a reduction in processing timelines, aimed at improving efficiency and reducing asset exposure risk during account transfers, contributing to a more streamlined securities settlement process.
Learn More📈NYSE Texas Proposes Auction Imbalance Rule Change
The NYSE Texas proposes to amend Rule 7.35 to enhance the calculation of Auction Imbalance Information, shifting its basis from the Indicative Match Price to the Auction Reference Price. This change aims to provide market participants with improved information, potentially increasing auction participation and liquidity in the market.
Learn More📈NYSE Proposes Changes to Rule 7.35-E for Auction Imbalance Information
The NYSE Arca proposes changes to Rule 7.35-E to amend the calculation of Auction Imbalance Information. The changes aim to improve transparency by using the Auction Reference Price instead of the Indicative Match Price, enhancing trading dynamics and potentially benefiting market participants by providing more accurate market data and improving auction quality.
Learn More⚖️Nasdaq BX Introduces CORE FIX Order Entry Protocol Enhancements
The Nasdaq BX is proposing a rule change to introduce the CORE FIX Order Entry Protocol, enhancing order processing efficiency and aligning existing rules with advanced handling capabilities. This will streamline order submissions for participants, offering improved performance while ensuring compliance with the regulatory framework. The implementation is expected to simplify trading for users not needing routing functionalities.
Learn More📈Proposed Rule Change on Regular Hours Orders in Securities Trading
The Securities and Exchange Commission has issued a notice regarding a proposed rule change by 24X National Exchange LLC. This change mandates that Regular Hours Only orders must be submitted within specific timeframes, aligning the exchange's practices with those of other national exchanges and aiming to enhance market efficiency and investor protection.
Learn More📈Cboe EDGX Proposed Rule Amendments for Retail Orders
The Securities and Exchange Commission has initiated proceedings on Cboe EDGX's proposed amendments, allowing Retail Member Organizations to enter Retail Orders in a principal capacity. This change aims to enhance price execution for retail customers by permitting RMOs to provide additional price improvements, thus reshaping trading practices within the exchange structure.
Learn More💲Nasdaq BX Proposes New Fees for SQF Ports and Purge Ports
The Securities and Exchange Commission has published a notice regarding Nasdaq BX, Inc.’s proposed amendments to its fee structures for SQF Ports and Purge Ports in the options market. The changes will affect the pricing for Market Makers, with tiered rates depending on the number of ports utilized, and are effective beginning January 1, 2026.
Learn More📈New Rule Allows Generic Listing of Class ETF Shares on NYSE Arca
The Securities and Exchange Commission has announced a proposed rule change allowing NYSE Arca to list and trade Class Exchange-Traded Fund Shares. This change facilitates the trading of various ETF classes under flexible regulatory standards, aimed at enhancing market efficiency and investor options. The proposal invites public comments and is part of a broader effort to streamline ETF regulations.
Learn More💼SEC Notice for Joint Transactions by Investment Companies
The SEC issued a notice regarding an application from Russell Investments entities seeking permission for certain joint transactions between investment companies. This involves co-investment opportunities aimed at enhancing collaborative investment strategies, subject to the terms of the Investment Company Act of 1940. Interested parties can request a hearing by a specified deadline.
Learn More💰24X National Exchange Proposes New Fee Structure for Members
The SEC has published notice regarding proposed fees and rebates by 24X National Exchange LLC, effective upon its launch as a national securities exchange. The proposal includes a competitive fee schedule aimed at attracting liquidity, with specific charges for removing liquidity and rebates for adding liquidity to the exchange. The structure is designed to encourage fair competition and price discovery among market participants.
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