💼SEC Rule 6h-1 Compliance and Business Implications
The notice from the SEC outlines a request for approval to extend the information collection under Rule 6h-1, establishing necessary standards for trading security futures products. It emphasizes requirements to prevent price manipulation and coordinate trading halts between markets, thus ensuring fair trading practices. Compliance costs and procedures for comment submissions are also detailed.
Learn More💰SEC Proposes Rule Change for Bitcoin and Ethereum ETFs
The SEC is evaluating a proposed rule change by Cboe BZX Exchange to enhance trading processes for ARK 21Shares Bitcoin and 21Shares Core Ethereum ETFs. The change aims to permit in-kind creations and redemptions, potentially impacting market liquidity and investment strategies for these cryptocurrency-based trust shares. The proposal invites commentary to assess its implications effectively.
Learn More📈Overview of the Twenty-Fourth Amendment to the NMS Plan
The Securities and Exchange Commission has announced the immediate effectiveness of the Twenty-Fourth Amendment to the National Market System Plan, reflecting NYSE Chicago, Inc.'s name change to NYSE Texas, Inc. This non-substantive amendment is part of efforts to address extraordinary market volatility and maintain operational integrity among participants. Comments from the public are invited as part of the regulatory process.
Learn More🪙Proposed Nasdaq Rule Change for 21Shares Dogecoin ETF Trading
This document outlines a proposed rule change from Nasdaq to list and trade shares of the 21Shares Dogecoin ETF, detailing its investment objectives, operational structure, and regulatory compliance mechanisms. The ETF aims to track the performance of Dogecoin, facilitating indirect access to the digital asset market for investors. The proposal invites public comment and outlines listing criteria and operational guidelines.
Learn More📈Nasdaq Proposes Rule Change for iShares Bitcoin Trust Listing
The Securities and Exchange Commission is considering a proposed rule change by Nasdaq to amend the trading and listing rules for the iShares Bitcoin Trust. This change seeks to allow for in-kind transfers of bitcoin, altering the existing cash creation and redemption process. The Commission is soliciting public comments on this proposal and examining its alignment with current regulatory standards.
Learn More💰Cboe EDGX Exchange Fee Schedule Proposed Rule Change Overview
Cboe EDGX Exchange proposes a revision to its Fee Schedule for Add/Remove Volume Tiers, which may affect market participants’ trading strategies. The changes include adjustments in volume criteria for rebates, intended to enhance market liquidity and competitiveness, reflecting the highly competitive nature of equity exchanges.
Learn More📈SEC Initiates Proceedings on Grayscale Litecoin Trust Listing
The SEC has initiated proceedings to evaluate a proposed rule change by NYSE Arca to list and trade shares of the Grayscale Litecoin Trust. This proposal, which reflects the value of Litecoin, is subject to regulatory scrutiny to ensure market integrity and investor protection. The commission invites public comments on the proposal and its implications.
Learn More📈NYSE Texas Proposes New Rules for Auction Processes and Orders
NYSE Texas seeks to implement proposed Rule 7.35, detailing how auctions will be conducted on the Exchange. The rule introduces new order types and amendments to existing rules, aimed at enhancing trading operations and aligning with rules from its affiliate, NYSE Arca. This is part of ongoing efforts to refine market practices and facilitate competitive trading environments.
Learn More📈Cboe Proposes to Eliminate Position Limits for Specific Options
The Securities and Exchange Commission is reviewing Cboe Exchange's proposed rule change to eliminate position and exercise limits for options on the S&P 500 Equal Weight Index and the S&P 500 ESG Index. The decision on this proposal, initially expected by May 2025, has been extended to June 30, 2025, to allow for thorough consideration of the associated issues.
Learn More📈NYSE National's Proposed Rule Change Reflects Affiliate Name Change
The NYSE National, Inc. has filed a proposed rule change to update its rules to reflect the name change of its affiliate from NYSE Chicago, Inc. to NYSE Texas, Inc. The proposed changes are non-substantive and aim to enhance clarity and transparency within the Exchange's operations.
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