Weekly Roundup of Exchange Rule Changes (by Category)
New SRO rules and rule proposals were announced by the SEC. Click on the links below to view the SEC's notices of the rule changes for the week of March 24 - March 28:
Trading
- C2: Effective Immediately - Rule Change Relating to Certain C2 Real-Time Data Feeds and a New Book Depth Data Feed
- CBOE: Effective Immediately - Rule Change Relating to the CBSX BBO Data Feed and a New CBSX Book Depth Data Feed
- CBOE: Effective Immediately - Rule Change Relating to Certain CBOE Real-Time Data Feeds and a New Book Depth Data Feed
- CHX: Effective Immediately - Rule Change to Extend a Pilot Program Related to Article 20, Rule 10 Concerning the Handling of Clearly Erroneous Transactions (see also Exhibit 5)
- FINRA: Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Extend the Clearly Erroneous Pilot Program for Exchange-Listed Securities (see also Exhibit 5)
- NASDAQ: Effective Immediately - Rule Change to the Clearly Erroneous Rule (see also Exhibit 5)
- NASDAQ OMX BX: Effective Immediately - Rule Change to the Clearly Erroneous Rule (see also Exhibit 5)
- NYSE Arca: Effective Immediately - Rule Change Amending NYSE Arca Equities Rule 7.44 to Change the Priority of Displayable Odd Lot Interest Within the Recently Approved Retail Liquidity Program (see also Exhibit 5)
- Phlx: Effective Immediately - Rule Change to the Clearly Erroneous Rule (see also Exhibit 5)
- BATS: Effective Immediately - Rule Change to the Clearly Erroneous Execution Rule for BATS Exchange, Inc. (see also Exhibit 5)
- BYX: Effective Immediately - Rule Change to the Clearly Erroneous Execution Rule for BATS Y-Exchange, Inc. (see also Exhibit 5)
- CBOE: Effective Immediately - Rule Change Relating to the CBSX Clearly Erroneous Policy (see also Exhibit 5)
- NASDAQ: Effective Immediately - Rule Change to Modify NASDAQ's DOT, DOTI, and LIST Routing Strategies (see also Exhibit 5)
- NSX: Effective Immediately - Rule Change to Extend a Pilot Program Related to Rule 11.19, Titled "Clearly Erroneous Executions" (see also Exhibit 5)
- EDGA: Effective Immediately - Rule Change to Amend Rule 12.6 to Conform to FINRA Rule 5320, BATS Rule 12.6 and BATS-Y Rule 12.6 Relating to Trading Ahead of Customer Orders (see also Exhibit 5)
- EDGA: Effective Immediately - Rule Change to the Clearly Erroneous Execution Rule for EDGA Exchange, Inc. (see also Exhibit 5)
- EDGX: Effective Immediately - Rule Change to Amend Rule 12.6 to Conform to FINRA Rule 5320, BATS Rule 12.6 and BATS-Y Rule 12.6 Relating to Trading Ahead of Customer Orders (see also Exhibit 5)
- EDGX: Effective Immediately - Rule Change to the Clearly Erroneous Execution Rule for EDGX Exchange, Inc. (see also Exhibit 5)
- ISE: Effective Immediately - Rule Change to Amend ISE Rule 2128 Relating to Clearly Erroneous Trades (see also Exhibit 5)
- NYSE Arca: Effective Immediately - Rule Change Proposing to Extend a Pilot Program Related to Rule 7.10, Entitled "Clearly Erroneous Executions" (see also Exhibit 5)
Products
- EDGA: Effective Immediately - Rule Change to Add a Reference to Rule 10C-1 Under the Exchange Act in EDGA Rule 14.1 Concerning Unlisted Trading Privileges (see also Exhibit 5)
- EDGX: Effective Immediately - Rule Change to Add a Reference to Rule 10C-1 Under the Exchange Act in EDGX Rule 14.1 Concerning Unlisted Trading Privileges (see also Exhibit 5)
- CBOE: Rule Change to List and Trade CBOE Short-Term Volatility Index Options
- NYSE Arca: Effective Immediately - Rule Change Relating to Changes to the Means of Achieving the Investment Objective Applicable to the db-X Ultra-Short Duration Fund
- NYSE Arca: Proposed Rule Change to List and Trade Shares of the iShares Interest Rate Hedged Corporate Bond ETF and iShares Interest Rate Hedged High Yield Bond ETF under NYSE Arca Equities Rule 8.600
- NYSE Arca: Rule Change to List and Trade Shares of the SPDR SSgA Risk Aware ETF; SPDR SSgA Large Cap Risk Aware ETF; and SPDR SSgA Small Cap Risk Aware ETF under NYSE Arca Equities Rule 8.600
- CME: Effective Immediately - Rule Change Regarding Acceptance of a New Series of Credit Default Swap Index Product
- ICC: Proposed Rule Change to Update ICC's Liquidity Thresholds for Euro Denominated Products
Fees
- NYSE Arca: Filing of Amendment No. 2 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 2, to Adopt New NYSE Arca Equities Rule 7.25 to Create a Crowd Participant Program on a Pilot Basis to Incent Competitive Quoting and Trading Volume in Exchange-Traded Products by Market Makers Qualified with the Exchange as CPs
- ISE: Effective Immediately - Rule Change to Amend the Schedule of Fees (see also Exhibit 5)
- NASDAQ: Effective Immediately - Rule Change to the Qualified Market Maker Program and NBBO Setter Incentive Program under Rule 7014, and to Modify the Rules Governing Fees Assessed for Orders Executed in the NASDAQ Opening Cross under Rule 7018 (see also Exhibit 5)
Clearing
Exchange Rule Categories Provided by Shannon Fitzgerald.