From ed7cdbe354eb444185bccca0ad79e82f93d43d0d Mon Sep 17 00:00:00 2001 From: verymeticulous Date: Wed, 7 Apr 2021 11:19:29 -0400 Subject: [PATCH] Create DTCC-files-7-new-rules-and-rule-changes.md --- DD/DTCC-files-7-new-rules-and-rule-changes.md | 32 +++++++++++++++++++ 1 file changed, 32 insertions(+) create mode 100644 DD/DTCC-files-7-new-rules-and-rule-changes.md diff --git a/DD/DTCC-files-7-new-rules-and-rule-changes.md b/DD/DTCC-files-7-new-rules-and-rule-changes.md new file mode 100644 index 0000000..000de43 --- /dev/null +++ b/DD/DTCC-files-7-new-rules-and-rule-changes.md @@ -0,0 +1,32 @@ +# 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: [u/Squashua1982/](https://www.reddit.com/user/Squashua1982/)** + +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 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/u/leaglese/)** + +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