Create 2021-04-06-DTCC-Just-Filed-7-New-Rules-and-Rule-Changes-with-the-SEC.md

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verymeticulous 2021-05-12 06:56:51 -04:00
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The DTCC just filed 7 new rules and rule changes with the SEC for 4-7-21.... Several have to do with option trading.
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| 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/) |
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[News 📰](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%22&restrict_sr=1)
<https://www.federalregister.gov/agencies/securities-and-exchange-commission>
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/)
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## 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