📉Nasdaq Proposes Significant Reduction in Options Regulatory Fee
The Nasdaq Stock Market LLC has proposed a noteworthy reduction in the Options Regulatory Fee (ORF), lowering it from $0.0005 to $0.00005 per contract, effective October 1, 2025. This change is aimed at ensuring the ORF Regulatory Revenue aligns with the Exchange's regulatory costs while maintaining compliance with federal regulations.
Learn More📈Cboe Regulatory Notice
The Securities and Exchange Commission has approved a proposed rule change from Cboe Exchange to introduce p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index. This includes various expiration options, enhancing flexibility for market participants and encouraging broader engagement in these financial instruments.
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📈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📈Nasdaq BX Proposes Rule Change on Quotation Data Sources
Nasdaq BX, Inc. proposes an amendment to Equity 4, Rule 4759, establishing a primary and secondary source of quotation data from a new market center. This update involves enhancements to data feeds that assist in the handling, routing, and execution of orders, aimed at promoting market transparency and regulatory compliance practices.
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📈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📈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🏦CFTC Notice on Information Collection Activities Under Review
In compliance with the Paperwork Reduction Act of 1995 (PRA), this notice announces that the Information Collection Request (ICR) abstracted below has been forwarded to the Office of Information and Regulatory Affairs (OIRA) of the Office of Management and Budget (OMB) for review and comment. The ICR describes the nature of the information collection and its expected costs and burden.
Learn More💰Cboe Exchange Proposes Administrative Fee Impacting Options Trading
The Cboe Exchange has proposed a new administrative fee of 0.45% on collected Marketing Fees to cover costs related to the Marketing Fee program. This amendment aims to maintain competitive efficiency within the options market while ensuring all funds are equitably managed. The proposed change highlights the challenges exchanges face in balancing costs and competitive pricing in a crowded market.
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