The companies, products and regulatory developments shaping the broker industry.
A new exchange filing would permit closer option strike spacing for ETFs meeting quarterly activity tests, rather than applying the change to every fund or automatically changing options already listed.
The two equity venues are deleting references to an unlaunched interface, a rulebook clean-up that should not be confused with an outage or retirement of clients' active FIX connections.
NYSE has corrected Rule 2(c) to restore coverage of persons engaged in a securities or kindred business controlled by a member or member organisation, saying the omission conflicted with its stated intention to preserve existing jurisdiction.
EDGX will rely on the primary listing exchange’s circular for UTP derivative securities, while written descriptions, customer communications, trading rules and surveillance obligations remain.