From a50445cf099c136810b47e0f331c9ab9b536b7e5 Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Wed, 12 May 2021 06:56:51 -0400 Subject: [PATCH] Create 2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md --- ...New-Rules-and-Rule-Changes-with-the-SEC.md | 46 +++++++++++++++++++ 1 file changed, 46 insertions(+) create mode 100644 Regulations/2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md diff --git a/Regulations/2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md b/Regulations/2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md new file mode 100644 index 0000000..4538698 --- /dev/null +++ b/Regulations/2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md @@ -0,0 +1,46 @@ + + +The DTCC just filed 7 new rules and rule changes with the SEC for 4-7-21.... Several have to do with option trading. +==================================================================================================================== + +| Author | Source | +| :-------------: |:-------------:| +| [u/Squashua1982](https://www.reddit.com/user/Squashua1982/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mlc4qn/the_dtcc_just_filed_7_new_rules_and_rule_changes/gtkvqxn/) | + +--- + +[News 📰](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%22&restrict_sr=1) + + + +Could use some wrinkly brained apes to decode and let us know of this helps us at all. [/u/Leaglese](https://www.reddit.com/u/Leaglese/) usually does a fantastic job! + +Edit: Misspelled Legalese's username. Fixed. + +Edit 2: Dumb Ape. No Spell. Username Hard. Sorry [/u/leaglese](https://www.reddit.com/u/leaglese/) + +--- + +## Comment by [u/Leaglese](https://www.reddit.com/user/Leaglese/) + +Well given this post has gained some traction and thank you for mentioning, my very simplistic TLDRs for the filings: + +Proposed NYSE change: change to the way the NBBO is calculated, which is snooze for GME purposes. + +CORRECTION: on looking at another post this may be way more juicy than my skim intended, may include dark pools and OTC prices in calculating the NBBO, worth a look! + +Proposed ICE change: honestly this is out of my wheelhouse as it relates to credit default swaps, so I'd need to take time to do more research + +Proposed BZE change: this is quite juicy, seems to want to put a limit on the number of strikes for short term options, may be worth looking into + +Proposed CBOE change: same as above, just different exchange + +Proposed MEMX change: to extend a pilot program till October 21 relating to 'clearly erroneous executions', again probably worth a look + +Proposed NASDAQ BX change: proposal to improve its display of what the highs, lows and close price of a security was for that day + +Proposed NASDAQ PHLX change: same as above, different exchange + +Please note this is a 5 minute skim of each doc as I'm knee deep in my new DD and unfortunately can't spare the time to look in great detail, hope this helps though + +Edit: check [u/the_captain_slog](https://www.reddit.com/u/the_captain_slog/) post, below, always a helpful perspective