💰Cboe BZX Exchange Proposes New Fees for Trading Ports
The Cboe BZX Exchange has submitted a notice regarding the implementation of new fees for Unitized Logical Ports associated with its equity options platform. These changes include fees for Average Daily Quotes and Average Daily Orders, aimed at managing exchange resources while providing members with enhanced connectivity options. Members can choose to utilize these ports on an optional basis, aligning their costs with their trading needs.
Learn More📈Cboe Rule Change to Extend Trading Hours for Expiring Options
The SEC approved a rule change by Cboe Exchange to allow certain A.M.-settled index options to trade during Global Trading Hours leading to their expiration. This modification aims to enhance risk management for market participants, providing more trading opportunities right before settlement and aligning with global market dynamics.
Learn More💹MEMX Proposes Non-Display Add Tier 3 Fee Schedule Changes
MEMX LLC filed a proposed rule change with the SEC to amend its fee schedule by introducing a new tier, Non-Display Add Tier 3. This tier aims to enhance rebates for certain executing orders, fostering a competitive trading environment and incentivizing members to increase liquidity. The changes are designed to attract more order flow to the exchange, impacting trading costs and strategies.
Learn More💰Nasdaq Proposes Listing Shares of Grayscale Polkadot Trust
The SEC is evaluating a proposed rule change from Nasdaq to list and trade shares of the Grayscale Polkadot Trust, which aims to reflect the value of DOT tokens. This initiative is subject to public comment and analysis regarding its compliance with securities regulations and investor protection standards.
Learn More📈NYSE Arca Proposes New Gross Risk Credit Limits for Firms
The NYSE Arca has filed a notice regarding proposed amendments to Rule 6.40P-O, introducing optional "Gross Risk Credit Limits" as pre-trade risk controls for Entering Firms. This change aims to enhance risk management and compliance measures, catering to market participants’ requests and aligning with existing risk frameworks at other exchanges.
Learn More📊Proposed Changes to Rule 928NYP Enhancing Trading Risk Controls
The SEC has announced a proposed change to Rule 928NYP, allowing trading firms to implement "Gross Risk Credit Limits" as an optional pre-trade risk control. This proposal aims to enhance risk management practices and assist firms in better managing their financial exposures, thereby contributing to the overall stability of the trading market.
Learn More📈Cboe BZX Proposes Changes to Opening Process for Options
The Securities and Exchange Commission is considering a rule change proposed by Cboe BZX Exchange to amend the opening process for simple orders in exclusively listed index option classes. This adjustment aims to enhance market efficiency by potentially reducing delays in trading openings, thus benefiting market participants.
Learn More📉Proposed Trading Suspension for Noncompliant SPACs by NYSE American
The NYSE American has proposed a rule change to immediately suspend trading for any special purpose acquisition company (SPAC) that fails to complete a business combination within 36 months of its IPO registration. This change aims to enhance investor protection and provide clear delisting provisions for non-compliant SPACs.
Learn More📈SEC Extends Review Period for Canary SUI ETF Rule Change
The Securities and Exchange Commission (SEC) has designated a longer period for reviewing Cboe BZX Exchange's proposed rule change to list and trade shares of the Canary SUI ETF. This extension allows the SEC more time to consider relevant issues pertaining to the ETF and its regulatory implications.
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.
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