Rule filings are not effective until approved by the Securities and Exchange Commission ("SEC"), with the exception of certain types of rule filings that may take effect upon filing with the SEC if they meet the conditions specified under Section 19 of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder. Below are pending rule filings submitted by the Exchange, followed by rule changes that have been approved by the SEC or became immediately effective pursuant to the Exchange Act.
The Exchange proposes to list and trade shares of 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF (each, a “Fund” and together, the “Funds”), each a series of the VS Trust (the “Trust”), under BZX Rule 14.11(e)(4), which sets forth generic listing standards for Commodity-Based Trust Shares.
The Exchange proposes to amend Rule 11.9(d) to: i) permit an Intermarket Sweep Order to be entered as a Non-Displayed Order and ii) to establish the price level at which the System will consider an Intermarket Sweep Order available for other orders to be entered. The Exchange also proposes to amend Rule 11.9(g)(4) to permit Non-Displayed Orders to re-price to more aggressive prices.
The Exchange proposes to amend the Opening Auction Process provided under Rule 11.23(b)(2)(B) to delay the Opening Auction under certain market conditions in order to improve price discovery and allow executions to occur at prices that better reflect current market conditions.
The Exchange proposes to amend Exchange Rule 11.23(d)(2)(B) (Extending the Quote-Only Period for Initial Public Offering (“IPO”) Auctions) to: (1) delineate between BZX-listed corporate securities and exchange-traded product (“ETP”) IPO Securities; and (2) expand the circumstances under which the Exchange may extend the Quote-Only Period for IPO Auctions in an ETP IPO Security.
The Exchange proposes to extend the pilot programs in connection with the listing and trading of P.M.-settled series on certain broad-based index options.
The Exchange proposes to list and trade shares of the Franklin Bitcoin ETF, a series of Franklin Templeton Digital Holdings Trust, under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares.
The Exchange proposes to amend Rule 11.9(f) to allow Match Trade Prevention between Users that access the Exchange with both a direct connection and Sponsored Access.
The Exchange proposes to amend Exchange rules to provide Users with a risk setting they may elect to apply to their orders that will allow them to reject market orders during continuous trading and/or auctions.
The Exchange proposes to list and trade shares of the Principal Focused Blue Chip ETF, a series of Principal Exchange-Traded Funds, under Exchange Rule 14.11(m), Tracking Fund Shares.
The Exchange proposes to extend the pilot programs in connection with the listing and trading of P.M.-settled series on certain broad-based index options.
The Exchange proposes to amend applicable “Sponsored Participants” Rules, to: (1) define the term “Sponsored Access”; (2) provide that the Sponsored Participant rules of the Exchange apply only to the trading of equities; and (3) to codify that the agreement required by and between the Sponsoring Member and Sponsored Participant must include a provision that any Sponsored Access relationship must follow the requirements of SEC Rule 15c3-5, the Market Access Rule (“MAR”).
The Exchange proposes to amend Rule 11.9, Orders and Modifiers, and Rule 11.12, Priority of Orders, to provide that an order marked sell short will receive a new timestamp when its position is modified using a Replace Message during a Short Sale Circuit Breaker. The Exchange also proposes to amend Rule 11.13, Order Execution and Routing.
The Exchange proposes to amend applicable exchange rules, Usage of Data feeds, to disclose that the Exchange will utilize direct data feeds from MEMX LLC.
