Weekly Roundup of Securities 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 February 3-February 7:
Products
- CBOE: Proposed Rule Change to List and Trade CBOE Short-Term Volatility Index Options (see also Exhibit 3; Exhibit 5)
- NASDAQ: Proposed Rule Change Relating to the Listing and Trading of the Shares of the First Tactical High Yield ETF of First Trust Exchange-Traded Fund IV
- NSCC: Rule Change to Discontinue its Stock Borrow Program
- NYSE Arca: Rule Change Relating to Listing and Trading of Shares of AdvisorShares International Gold ETF, AdvisorShares Gartman Gold/Yen ETF, AdvisorShares Gartman Gold/British Pound ETF, and AdvisorShares Gartman Gold/Euro ETF under NYSE Arca Equities Rule 8.600
- NYSE Arca: Proposed 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
Trading Rules
- BATS: Filing of Amendment No. 1, and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, to Adopt Rules to Hold a Volatility Closing Auction
- ICEEU: Effective Immediately – Rule Change to Adopt Clearinghouse Recovery and Wind-Down Rules for its Futures and Options and Foreign Exchange Product Categories
- NASDAQ: Effective Immediately – Rule Change to Modify NASDAQ's Rule Governing Directed Orders (see also Exhibit 5)
- NASDAQ OMX BX: Effective Immediately – Rule Change to Clarify the Language Describing a Newly Adopted Credit Tier under Rule 7018
- NYSE: Effective Immediately – Rule Change Amending its Price List to Introduce Fees and Credits for A New Order Type Called a Midpoint Passive Liquidity Order (see also Exhibit 5)
- NYSE Arca: Notice of Longer Period for Commission Action on Proposed Rule Change 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
- NYSE Arca: Effective Immediately – Rule Change Amending the NYSE Arca Equities Schedule of Fees and Charges for Exchange Services to Add A New Pricing Tier Applicable to Orders that Add Liquidity on the Exchange (see also Exhibit 5)
- NYSE: Effective Immediately – Rule Change Amending NYSE Rule 13 to Modify The Manner By Which MPL-ALO Orders Trade When Triggered By Arriving Interest (see also Exhibit 5)
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NYSE MKT: Effectively Immediately – Rule Change Amending its Price List to Introduce Fees and Credits for A New Order Type Called a Midpoint Passive Liquidity Order (see also Exhibit 5)
- NYSE MKT: Effective Immediately – Rule Change Amending Rule 13 – Equities to Modify The Manner By Which MPL-ALO Orders Trade When Triggered By Arriving Interest (see also Exhibit 5)
Fees
- BOX: Effective Immediately – Rule Change to Amend the Fee Schedule (see also Exhibit 5)
- DTC: Order of Accelerated Approval of Proposed Rule Change to Amend The Depository Trust Company Settlement Service Guide to Lower the Amount of the Maximum Net Debit Cap for an Affiliated Family of Participants and Make Other Related Changes (see also Exhibit 5)
- MIAX: Effective Immediately – Rule Change to Amend Its Fee Schedule (see also Exhibit 5)
- MIAX: Effective Immediately – Rule Change to Amend Its Fee Schedule (see also Exhibit 5)
- NYSE: Effective Immediately – Rule Change Amending Its Price List to (i) Increase the Credit for Agency Cross Trades; (ii) Increase the Fee for Certain Executions at the Close; (iii) Increase the "Tier 1 Adding Credit;" (iv) Increase the Fee for Certain Floor broker Discretionary e-Quotes; (v) Increase the Credit for Certain Floor broker Executions that Add Liquidity; (vi) Increase the Credit for Certain Supplemental Liquidity Provider Executions; and (vii) Increase the Fee for Executions in Crossing Session II
- NYSE Arca: Effective Immediately – Rule Change Amending the Fees for NYSE ArcaBook (see also Exhibit 5)
- NYSE Arca: Effective Immediately – Rule Change Amending the NYSE Arca Equities Schedule of Fees and Charges for Exchange Services to Eliminate the Tape B Adding Tier and Modify the Tape B Step Up Tier (see also Exhibit 5)
- NYSE MKT: Effective Immediately – Rule Change Amending its Price List to Increase the Fee for Executions in New York Stock Exchange Crossing Session II
- Phlx: Effective Immediately – Rule Change Relating to Pricing for SPY Options (see also Exhibit 5)
Miscellaneous
Membership
Related news: Weekly Roundup of Securities Exchange Rule Changes (February 3, 2014); Weekly Roundup of Securities Exchange Rule Changes (January 24, 2014); Weekly Roundup of Securities Exchange Rule Changes (January 17, 2014).