Sample records for nasdaq passive market
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17 CFR 242.103 - Nasdaq passive market making.
Code of Federal Regulations, 2014 CFR
2014-04-01
... 17 Commodity and Securities Exchanges 4 2014-04-01 2014-04-01 false Nasdaq passive market making... Regulation M § 242.103 Nasdaq passive market making. (a) Scope of section. This section permits broker-dealers to engage in market making transactions in covered securities that are Nasdaq securities without...
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17 CFR 242.103 - Nasdaq passive market making.
Code of Federal Regulations, 2013 CFR
2013-04-01
... 17 Commodity and Securities Exchanges 3 2013-04-01 2013-04-01 false Nasdaq passive market making... Regulation M § 242.103 Nasdaq passive market making. (a) Scope of section. This section permits broker-dealers to engage in market making transactions in covered securities that are Nasdaq securities without...
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17 CFR 242.103 - Nasdaq passive market making.
Code of Federal Regulations, 2012 CFR
2012-04-01
... 17 Commodity and Securities Exchanges 3 2012-04-01 2012-04-01 false Nasdaq passive market making... Regulation M § 242.103 Nasdaq passive market making. (a) Scope of section. This section permits broker-dealers to engage in market making transactions in covered securities that are Nasdaq securities without...
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17 CFR 242.103 - Nasdaq passive market making.
Code of Federal Regulations, 2010 CFR
2010-04-01
... 17 Commodity and Securities Exchanges 3 2010-04-01 2010-04-01 false Nasdaq passive market making... Regulation M § 242.103 Nasdaq passive market making. (a) Scope of Section. This section permits broker-dealers to engage in market making transactions in covered securities that are Nasdaq securities without...
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17 CFR 242.103 - Nasdaq passive market making.
Code of Federal Regulations, 2011 CFR
2011-04-01
... 17 Commodity and Securities Exchanges 3 2011-04-01 2011-04-01 false Nasdaq passive market making... Regulation M § 242.103 Nasdaq passive market making. (a) Scope of Section. This section permits broker-dealers to engage in market making transactions in covered securities that are Nasdaq securities without...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-27
... market makers to engage in passive market making or to enter stabilizing bids pursuant to Nasdaq Rules... used by Market Makers to engage in passive market making or to enter stabilizing bids pursuant to... approved text of Rule 4613 that have moved so as group the proposed market making standard sections...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-15
... Proposed Rule Change To Clarify the Maximum Time Afforded to a Market Maker To Meet Its Market Making.... * * * * * 4619. Withdrawal of Quotations and Passive Market Making (a)-(f) No change. (g) A Nasdaq Market Maker... market making obligations under Rule 4613. * * * * * II. Self-Regulatory Organization's Statement of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-30
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of..., The NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange'') filed with the Securities and Exchange..., including the Nasdaq Market Center, the FINRA/NASDAQ Trade Reporting Facility, and FINRA's OTCBB Service...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-14
...-Regulatory Organizations; NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed... that on November 28, 2011, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the... equities business on the NASDAQ Stock Market LLC are not subject to the fees in Rule 7003(b...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-28
... Substance of the Proposed Rule Change NASDAQ proposes to modify Chapter XV, entitled ``Options Pricing,'' governing pricing for NASDAQ members using the NASDAQ Options Market (``NOM''), NASDAQ's facility for... modify Chapter XV, entitled ``Options Pricing,'' at Section 3 entitled ``NASDAQ Options Market--Access...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-24
...-Regulatory Organizations; NASDAQ Stock Market, LLC; Notice of Filing of Proposed Rule Change To Amend The..., 2011, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and Exchange... The NASDAQ Stock Market LLC proposes to amend the By-Laws of its parent corporation, The NASDAQ OMX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-17
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Remove Pilot Restrictions From NASDAQ's Qualified Market Maker and NBBO Setter...\\ thereunder, notice is hereby given that on May 1, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-11
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Update the NASDAQ Options Market Message Traffic Mitigation Rule June 5, 2012...\\ thereunder, notice is hereby given that, on May 29, 2012, The NASDAQ Stock Market LLC (``NASDAQ'') filed with...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-09
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a...,\\2\\ notice is hereby given that, on July 26, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or..., Section 6 (Series of Options Contracts Open for Trading) of the rules of the NASDAQ Options Market (``NOM...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change To Assume... Authority and Supervision September 30, 2013. On July 31, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or...) Manipulation patterns that monitor solely NASDAQ activity, including patterns that monitor the Exchange's...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-27
... 2, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68279; File No. SR-NASDAQ-2012-117] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of Longer Period for Commission...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-09
... proposes to modify Chapter XV, Options Pricing, Section 2, of the Options Rules portion of the NASDAQ Rulebook governing pricing for NASDAQ members using The NASDAQ Options Market (``NOM''), NASDAQ's facility... certain Customer Routing Fees to recoup costs incurred by the Exchange in routing to away markets. While...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-19
... simultaneously trade different asset classes within the same strategy. Because cash equities and options markets...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a... April 1, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-08
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...\\ notice is hereby given that on November 22, 2011, The NASDAQ Stock Market LLC (``NASDAQ'' or the... the proposal, market participants will be given the additional options of (1) assigning a group...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-29
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Eliminate Market Maker Pre-Opening Obligations on NOM August 23, 2012. Pursuant to... is hereby given that on August 10, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-05
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... is hereby given that on May 22, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed... Order Fee,\\3\\ aimed at reducing inefficient order entry practices of certain market participants that...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68395; File No. SR-NASDAQ-2012-134] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change for the NASDAQ Options Market (``NOM'') With Respect to the Authority of the Exchange or Nasdaq Options Services LLC (``NOS'') To...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-21
... from NASDAQ Rule 2460 (Payment for Market Making). Accordingly, the Commission, pursuant to Section 19...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for... Market Quality Program February 14, 2013. On December 7, 2012, The NASDAQ Stock Market LLC (``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-08
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... 29, 2011, The NASDAQ Stock Market LLC (the ``Exchange'' or ``NASDAQ'') filed with the Securities and... Options Market (``NOM'') to eliminate from its rules two order types and two data feeds that are not in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-09
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Pricing for Option Orders Routed to Away Markets April 1, 2010. Pursuant...\\ notice is hereby given that on March 25, 2010, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-06
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62605; File No. SR-NASDAQ-2010-068] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change to Establish a Revenue Sharing Program With Correlix, Inc. July 30, 2010. On June 8, 2010, The NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange'') filed wit...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-13
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62663; File No. SR-NASDAQ-2010-077] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change Relating to Pricing for Direct Circuit Connections August 9, 2010. On June 21, 2010, The NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange'') filed with the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-14
... market center. LIST is a routing strategy that is used by firms that wish for their orders to participate...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a... hereby given that on August 5, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-07
..., 2013, the issuer of each class of securities that is an ADR listed on [The] the Nasdaq Capital Market... each class of securities that is an ADR listed on the Nasdaq Capital Market shall pay to Nasdaq an...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-17
... they remain in effect until executed or the end of either regular market hours at 4:00 p.m. or the end...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...\\ thereunder, notice is hereby given that on November 29, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-26
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Granting Accelerated Approval of Proposed Rule... 20, 2010. I. Introduction On March 11, 2010, The NASDAQ Stock Market LLC (``Nasdaq'' or ``Exchange.... Strike prices for ETF options are permitted in $1 or greater intervals where the strike price is $200 or...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-02
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change To Establish ``Benchmark Orders'' Under NASDAQ Rule 4751(f) June 26, 2012. On May 1, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-06-25
... directly with Correlix to use their RaceTeam latency measurement service for the NASDAQ Market Center. NASDAQ will not bill or contract with any Correlix RaceTeam customer directly. \\3\\ If approved, this...] proposed in SR-NASDAQ-2009-069 [sic]. Pricing for the Correlix RaceTeam product for the NASDAQ market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-10-12
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... hereby given that on September 27, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange... uniform registration form changes; (2) electronic fingerprint processing; (3) Web EFT TM , which allows...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-27
...-Regulatory Organizations; the NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... is hereby given that on September 9, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange.../or Professional liquidity based on increasing percentages of total industry customer equity and ETF...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-16
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of a Proposed Rule Change to Assume... NASDAQ Stock Market LLC (``NASDAQ'' or the ``Exchange'') filed with the Securities and Exchange...: Manipulation patterns that monitor solely NASDAQ activity, including patterns that monitor the Exchange's...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its Schedule of Fees and Credits Applicable to Execution and Routing of... is hereby given that on September 27, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-30
...-Regulatory Organizations; the NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a... 12, 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and... compute the numerator in the calculation of percentage of total industry customer equity and ETF option...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-31
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...\\ notice is hereby given that on December 17, 2012, The NASDAQ Stock Market LLC (``NASDAQ'' or the... Equity Technical Update 2012-31 ( http://www.nasdaqtrader.com/TraderNews.aspx?id=ETU2012-31 ). Because...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-23
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... Information Outside of Nasdaq Market Hours February 16, 2010. Pursuant to Section 19(b)(1) of the Securities...-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change Nasdaq proposes to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-25
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67468; File No. SR-NASDAQ-2012-062] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change To Modify Its Corporate Governance Rules July 19, 2012. I. Introduction On May 17, 2012, The NASDAQ Stock Market LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-07
... to systems operated by NASDAQ, including the Nasdaq Market Center, the FINRA/NASDAQ Trade Reporting... front-end system for low volume users. NASDAQ proposes to increase the monthly fee assessed for greater... using any facility or system that NASDAQ operates or controls, and it does not unfairly discriminate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-01
... voluntary accommodation policy for claims arising from system difficulties that Nasdaq experienced during... and members that Nasdaq's system difficulties caused objective, discernible harm, and the type and... made by market participants related to systems malfunctions or errors of the Nasdaq Market Center...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-19
... Change NASDAQ proposes to modify pricing for NASDAQ members using the NASDAQ Market Center. NASDAQ will... Exchange (``NYSE''), NASDAQ is making minor modifications to its pricing schedule for the routing of orders... using the STGY, SCAN, SKNY, SKIP, or DOTI routing strategies to either add liquidity or execute at the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-01
... listed on the Nasdaq Capital Market or the Nasdaq Global Market may request from Nasdaq a written... modify the fee in connection with such a request. Today, a company is required to submit a non-refundable... Reference Room, 100 F Street, NE., Washington, DC 20549, on official business days between the hours of 10 a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-15
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65063; File No. SR-NASDAQ-2011-110] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Regarding a Clerical Change to NASDAQ Options Market Rules August 9, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-03
... liquidity.\\6\\ Nasdaq seeks to encourage continued market making on NOM and to attract additional market making by establishing this new fee schedule. To receive NOM Market Maker pricing, the firm must be...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-21
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Granting Approval of Proposed Rule Change To... Select Markets December 15, 2011. I. Introduction On August 30, 2011, The NASDAQ Stock Market LLC... Global and Global Select Markets. The proposed rule change was published in the Federal Register on...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-09-09
... of Substance of the Proposed Rule Change NASDAQ proposes to modify pricing for NASDAQ members using... its pricing schedule for routing and execution of quotes/orders through the NASDAQ Market Center of... entering Directed Orders sent to NASDAQ OMX PSX. The current charge of $0.0027 reflects a premium of $0...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-06-15
... the Proposed Rule Change NASDAQ proposes to modify pricing for NASDAQ members using the NASDAQ Market... Statutory Basis for, the Proposed Rule Change 1. Purpose NASDAQ is making modifications to its pricing... for orders using the TFTY routing strategy that execute at the NYSE from $0.0017 per share executed to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-14
... systems operated by NASDAQ, including the Nasdaq Market Center, the FINRA/NASDAQ Trade Reporting Facility... using any facility or system which the Exchange operates or controls. All similarly situated members are...) for use of VTE terminals. A VTE terminal is a basic front- end user interface used by NASDAQ members...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-10
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69521; File No. SR-NASDAQ-2013-071] Self... Proposed Rule Change To Amend NASDAQ Rule 4763 May 6, 2013. Pursuant to Section 19(b)(1) of the Securities..., 2013, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the Securities and Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-14
... Underlying Securities) of the NASDAQ Options Market rules.\\11\\ Additionally, the Target Component's and the...\\ Additionally, the Target Component's and the Benchmark Component's trading volume (in all markets in which the...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change Relating to the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-14
... troubling trend of reduced participation in the equity markets by individual investors, and that nearly 30... different asset classes within a single strategy. NASDAQ also notes that cash equities and options markets...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-01
... Nasdaq Short Sale Volume and Monthly Short Sale Transaction Service and Related Fees June 25, 2010. I. Introduction On April 26, 2010, The NASDAQ Stock Market LLC (``Nasdaq'') filed with the Securities and Exchange...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to establish the Nasdaq Short Sale Volume and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-14
.... Introduction On June 18, 2010, The NASDAQ Stock Market LLC (``Nasdaq'' or the ``Exchange'') filed with the... trading on Nasdaq when the price of a security moves quickly over a short period of time, will exacerbate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-05
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... 19b-4 thereunder,\\2\\ notice is hereby given that on March 23, 2012, The NASDAQ Stock Market LLC...-market price stability. Pegged Orders are orders that, once entered, adjust in price automatically, in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69892] Order Exempting Market Makers Participating in NASDAQ Stock Market LLC's Market Quality Program From Section 11(d)(1) of the Securities Exchange Act of 1934 and Rule 11d1-2 Thereunder June 28, 2013. On March 13, 2013, the Securities and Exchange Commission (``Commission'') approved a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-24
... Proposed Rule Change Relating to the Establishment of a Direct Market Data Product, NASDAQ Options Trade... establish a direct market data product, NASDAQ Options Trade Outline (``NOTO''). The text of the proposed.... Purpose The purpose of the proposed rule change is to establish the NOTO market data product. NOTO is a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-15
... Proposed Rule Change Relating to Pricing for Option Orders Routed to Away Markets March 5, 2010. Pursuant... into NOM but routed to and executed on away markets (``routing fees''). When NASDAQ began trading... executions on away markets at the time was to pass-through to NASDAQ members the actual fees assessed by away...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-24
... from NASDAQ Rule 2460 (Payment for Market Making). Accordingly, the Commission, pursuant to Section 19...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To Establish the Market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-09-16
... Global Select Markets (``Eligible Switches''). \\4\\ A company transferring from the OTCBB or Pink Sheets...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Describe Complimentary Services That Are Offered to Certain New Listings on NASDAQ's Global and Global Select Markets...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-16
... Proposed Rule Change Relating to Penny Pilot Options and Non-Penny Pilot Options May 10, 2013. Pursuant to... ``Options Pricing,'' at Section 2 governing pricing for NASDAQ members using the NASDAQ Options Market (``NOM''), NASDAQ's facility for executing and routing standardized equity and index options...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70915; File No. SR-NASDAQ-2013-140] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify NASDAQ Connectivity Options and Fees November 21, 2013. Pursuant to Section...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-05
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... November 22, 2011, The NASDAQ Stock Market LLC (``Exchange''), filed with the Securities and Exchange... open orders, use of routing strategies and liquidity code designation. The data provided by QView will...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-28
... Proposed Rule Change To Amend Chapter VII, Section 6 of the Rules of the NASDAQ Options Market To Permit... to amend Chapter VII, Section 6 (Market Maker Quotations) of the rules of the NASDAQ Options Market... purpose of this proposed rule change is to amend Chapter VII, Section 6 of the rules of NOM to permit the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-16
... pricing for NASDAQ members using the NASDAQ Options Market (``NOM''), NASDAQ's facility for executing and... recoup costs that the Exchange incurs for routing and executing certain orders in equity options to the International Securities Exchange, LLC (``ISE''). The Exchange's Pricing Schedule at Chapter XV, Section 2(4...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-14
... against its members. (2) NASDAQ is redesignating Rule 3060 (Influencing or Rewarding Employees of Others...-027). (3) NASDAQ is redesignating Rule 3090 (Transactions Involving Nasdaq Employees) as Rule 2070A.\\7... national market system, and, in general, to protect investors and the public interest. The proposed changes...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-26
... Proposed Rule Change NASDAQ proposes to extend the pilot period of Rule 4753(c), NASDAQ's ``Volatility... approved, a limit up/limit down mechanism to address extraordinary market volatility, is approved. The text... to address extraordinary market volatility, is approved [six months after the date of Commission...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-16
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-66964; File No. SR-NASDAQ-2012-057] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change With Respect to the Authority of NASDAQ or NASDAQ Execution Services To Cancel Orders When a Technical or System Issue Occurs and To Describe the Operation of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-12
... the application, entry and annual fees currently charged to issuers listed on the Nasdaq Global and Nasdaq Global Select Markets, as well as the fee for written interpretations of Nasdaq listing rules. The.... Markham, Jr., Roger Myers, and Stephen Ryerson, Holme Roberts & Owen LLP (writing on behalf of Business...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-29
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69233; File No. SR-NASDAQ-2013-028] Self... NASDAQ Stock Market LLC (``Exchange'' or ``NASDAQ'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \\1\\ and Rule 19b...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-21
... market value of publicly held shares for common stock on the Capital Market range from $5 million to $15...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Granting Approval to a Proposed Rule Change To Modify the Eligibility Criteria for the Second Compliance Period for a Bid Price Deficiency on the Nasdaq...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-61446; File No. SR-NASDAQ-2009-077] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving Proposed Rule Change To Modify the Procedures Followed When a Listed Company Falls Below Certain Listing Requirements January 29, 2010. I. Introduction On August 17, 2009, The NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-29
... of Depth-of-Book Data June 25, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of... Enterprise License fee for Non-Professional Subscribers of certain NASDAQ Depth-of-Book market data. NASDAQ will implement the proposed revised fee on July 1, 2012. * * * * * 7023. NASDAQ Depth-of-Book Data (a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71167; File No. SR-NASDAQ-2013-160] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Definition of ``System Securities'' in NASDAQ Rule 4751 December 20, 2013. Pursuant to Section 19(b)(1) of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-24
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65159; File No. SR-NASDAQ-2011-118] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Change the Name and Modify the Contents of the NASDAQ Ouch BBO Feed August 18, 2011. Pursuant to Section 19(b)(1) of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63906; File No. SR-NASDAQ-2011-024] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish and Adopt Fees for the New Short Sale Monitor Service and Nasdaq Data Add-On February 14, 2011. Pursuant to Section...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-05
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change to Adopt... Nasdaq proposes to adopt additional listing requirements for a company that has become public through a... 20, 2010). In response to these concerns, Nasdaq staff has, over the past year, adopted heightened...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-08
...-Regulatory Organizations; NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change To Adopt a..., Section 1 (Definitions) of the rules of the Nasdaq Options Market (``NOM'') to adopt a definition of... business days. This is similar to the process of other options exchanges that have adopted a Professional...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-28
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64724; File No. SR-NASDAQ-2011-085] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a Market Order Timer June 22, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-21
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69151; File No. SR-NASDAQ-2013-033] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Pre-Market Hours of the Exchange to 4:00 a.m. EST March 15, 2013. Pursuant to Section 19(b)(1) of the Securities...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-31
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Establish Strike Price Intervals and Trading Hours for Options on Index-Linked Securities March 23, 2010. Pursuant... 19b-4 thereunder,\\2\\ notice is hereby given that on March 11, 2010, The NASDAQ Stock Market LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-01
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Order Granting Accelerated... Rule 19b-4 thereunder,\\2\\ notice is hereby given that on September 14, 2010, The NASDAQ Stock Market... voting on the election of a member of the board of directors of an issuer (except for a vote with respect...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-18
...,\\2\\ notice is hereby given that on August 2, 2011, The NASDAQ Stock Market LLC (``NASDAQ'') filed... to solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2... Acceptable Trade Range is set for $0.05 and the following quotations are posted in all markets: Away Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69341; File No. SR-NASDAQ-2013-048] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Granting Accelerated Approval of a Proposed Rule... in a Limit State or Straddle State, and unlike normal circumstances, may not be a true reflection of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-17
... market participants, NASDAQ believes that this increase in distribution is attributable in part to the...-professional user of NASDAQ proprietary data. In addition to increased administrative flexibility, enterprise... believes that capping fees in this manner creates goodwill with broker-dealers and increases transparency...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-08
... using the NASDAQ Information Exchange (``QIX'') protocol,\\7\\ (ii) Financial Information Exchange (``FIX'') trading ports,\\8\\ and (iii) ports using other trading telecommunications protocols.\\9\\ Beginning July 1... because market participants may readily adjust their order routing practices, NASDAQ believes that the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64312; File No. SR-NASDAQ-2011-053] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt an Order Price Protection Feature Correction In notice document 2011-9971...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-03
... contracted directly with Correlix to use its RaceTeam latency measurement service for the NASDAQ Market... Correlix RaceTeam offering,\\3\\ and thereafter approved codification in NASDAQ's rules of fees imposed by..., to foster cooperation and coordination with persons engaged in regulating, clearing, settling...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65381; File No. SR-NASDAQ-2011-128] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Customer Rebates To Add Liquidity September 22, 2011. Correction In notice...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-17
... Report regarding a Nasdaq security through the NasdaqTrader.com Web site shall be determined in... improvement of web functionality and the inclusion of supplementary equity information, but has not increased... dark pools and electronic communication networks (``ECNs''). Each SRO market competes to produce...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-16
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove Proposed Rule Change To Establish... proposed rule change to establish various ``Benchmark Orders'' under NASDAQ Rule 4751(f). The proposed rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-16
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70361; File No. SR-NASDAQ-2013-114] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... 7015(g), and the Schedule of Fees and Rebates Under Rule 7018(a) September 10, 2013. Pursuant to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-16
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68519; File No. SR-NASDAQ-2012-143] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating to Extension of the Exchange's Penny Pilot Program and Replacement of Penny...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-03
... (March 26, 2013) (SR-Phlx-2013-28) (notice of filing and immediate effectiveness implementing MDS on PSX...) (notice of filing and immediate effectiveness implementing MDS on BX) (the ``BX MDS filing''). No other... effectiveness implementing MDS on NASDAQ) (the ``NASDAQ MDS filing''). Other markets have also implemented a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-03
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70945; File No. SR-NASDAQ-2013-142] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... the Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-11-26
... . NASDAQ has safeguards in place to protect the market from inadvertent entry of large orders. Each member that requests connectivity through an order entry port is required to specify the maximum order size... and procedures in place to ensure the proper entry and monitoring of orders entered into NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-07-28
... Adopt a Risk Monitor Mechanism July 22, 2011. I. Introduction On June 1, 2011, The NASDAQ Stock Market...,\\2\\ a proposed rule change to adopt a new risk monitor mechanism. The proposed rule change was... (``Notice''). II. Description of the Proposed Rule Change NASDAQ proposes to adopt new Chapter VI, Section...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-30
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71173; File No. SR-NASDAQ-2013-156] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of.... Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71060; File No. SR-NASDAQ-2013-151] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of.... Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-17
... book data for the NASDAQ Market Center Execution System. NASDAQ has also implemented these capped/flat..., there is no economic basis for regulating maximum prices for one of the joint products in an industry in... publishing proprietary book data on the Internet. Second, because a single order or transaction report can...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-22
... Proposed Rule Change To Modify Fees for Members Using the NASDAQ Market Center and To Correct a... (``Commission'') the proposed rule change as described in Items I, II, and III below, which Items have been...\\ NASDAQ has designated this proposal as establishing or changing a due, fee, or other charge, which...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-01
... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER10-914-000] Nasdaq OMX Commodities Clearing--Finance, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for Blanket Section 204 Authorization March 25, 2010. This is a supplemental notice in the above-referenced proceeding of Nasdaq OMX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-25
... Proposed Rule Change To Impose a Quarterly Maximum on the Listing of Additional Shares Fees Payable by... Terms of Substance of the Proposed Rule Change Nasdaq proposes to impose a quarterly maximum on the.... 5910. The NASDAQ Global Market (a) No change. (b) Additional Shares (1)-(5) No change. (6) The maximum...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-10-25
... Relating to the Listing and Trading of Shares of the WisdomTree Global Corporate Bond Fund of the WisdomTree Trust October 19, 2012. I. Introduction On August 15, 2012, The NASDAQ Stock Market LLC (``Nasdaq... proposed rule change to list and trade the shares (``Shares'') of the WisdomTree Global Corporate Bond Fund...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-22
... contained in Rule 5250(b)(2) that a company must issue a press release announcing the receipt of an audit... Rules. Nasdaq noted in its Notice, however, that if a company fails to include the audit opinion in its...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Granting Approval of Proposed Rule Change To...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-17
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63900; File No. SR-NASDAQ-2011-026] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Offer Additional Routing Option February 14, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'')...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 71158; File No. SR-NASDAQ-2013-158] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to Acceptable Trade Range December 20, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68847; File No. SR-NASDAQ-2013-016] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change for the Purpose of Amending Rule 7014(g) February 6, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (`...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-17
... Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 \\2\\ thereunder, notice is hereby given that on... solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR... Change The NASDAQ Stock Market LLC proposes to modify Chapter XV, Section 2, governing pricing for NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-04
... on the book solely for the purpose of modifying the marking of a sell order as long, short, or short... not affect the priority of the order on the book. Except as provided in Rule 4761, all other... size of the order) does not cause the order to lose priority on the NASDAQ Market Center book. NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-13
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69058; File No. SR-NASDAQ-2013-039] Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Replace the Current Mid-Point Test Applied to the Definition of Theoretical Price March 7, 2013. Pursuant to Section 19(b)(1)...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-09
...-based market making interface on its options trading platform (``NOM''). Market makers use this... in order to offer an additional market making interface choice to NASDAQ market makers. The proposed bulk-quoting market making interface will be used by market makers to submit and update their...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-28
... compensate members and their customers for the categories of loss defined in the [accommodation] [p]roposal... Nasdaq Rule 4626(b)(3)(F). \\111\\ See id. \\112\\ See supra note 25 (defining ``customer compensation... Nasdaq Market Center is absorbed by the member, or the member sponsoring the customer, that entered the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-23
... Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that on... on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4... Change The NASDAQ Stock Market LLC proposes to modify Chapter XV, Section 2, governing pricing for NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-23
... making markets on NOM. Anti-internalization processing is available only to market makers and only on an... interest from the same firm when performing the same market making function. \\4\\ See, e.g., NASDAQ Rule... public customers. Options market makers generally do not display customer orders in market making...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-10
... introduce a new order type to assist Market Makers with their market making requirements under NOM rules..., Market Makers will continue to be able to submit orders to fulfill their two-sided market making...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-15
... Exchange incurs for routing and executing certain orders in equity options to away markets. The Exchange proposes to amend Routing Fees for the following away markets: BATS Exchange, Inc. (``BATS''), BOX Options... NASDAQ OMX PHLX LLC (``Phlx''). These away markets amended their transaction fees and the Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-07-25
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Link Market... Rule 19b-4 thereunder,\\2\\ a proposed rule change to discount certain market data fees and increase...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-15
... to react to the execution (an effect known as ``market impact'' or ``information leakage''). As a...' shares will avoid the deleterious effect of market impact discussed above and result in overall faster...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving a Proposed Rule Change To Amend Rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-17
... proposed MQP would be a program designed to promote market quality in certain securities listed on NASDAQ... contain the specific quantitative listing requirements for listing on the Global Select, Global Market... pilot (for comparative purposes), volume metrics, NBBO bid/ask spread differentials, LMM participation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-05
... transaction fees for Broker-Dealers and Firms. NASDAQ OMX BX, Inc., (``BX''), International Securities Exchange, LLC (``ISE'') and NYSE Arca, Inc. (``NYSE Arca'') also charge Broker-Dealer transactions at the... to the market and regulatory requirements\\7\\ which normally do not apply to other market participants...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-29
... participants to react to the execution (an effect known as ``market impact'' or ``information leakage''). As a... available shares and routing to other venues' shares will avoid the deleterious effect of market impact...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Amend Rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-07
... to amend Chapter VII, Section 6, Market Maker Quotations, to provide that respecting in-the-money...-money series, which is the spread in the underlying security in the primary market. NASDAQ believes that...-money option is particularly constrained by a quote spread parameter requirement that does not take into...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-10
... borne out by the performance of the market. In May 2008, the Internet portal Yahoo! began offering its... portal Yahoo! continues to disseminate only the BATS last sale product, Google disseminates only NASDAQ's...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-06
... Relating to the Listing and Trading of Shares of the Emerging Markets Corporate Bond Fund of the WisdomTree... change to list and trade the shares (``Shares'') of the WisdomTree Emerging Markets Corporate Bond Fund (``Fund'') of the WisdomTree Trust (``Trust'') under Nasdaq Rule 5735. The proposed rule change was...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-09
... performance of the market. In May 2008, the internet portal Yahoo! began offering its Web site viewers real... products that must be obtained in tandem. For example, while Yahoo! and Google now both disseminate NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-02
... performance of the market. In May 2008, the internet portal Yahoo! began offering its Web site viewers real... products that must be obtained in tandem. For example, while Yahoo! and Google now both disseminate NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-04
... Industry Regulatory Authority, Inc.; International Securities Exchange LLC; The NASDAQ Stock Market LLC... Whether To Disapprove Proposed Rule Changes Relating to Trading Halts Due to Extraordinary Market.... (``FINRA''), International Securities Exchange LLC (``ISE''), The NASDAQ Stock Market LLC (``Nasdaq...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-23
... on Nasdaq-100 Index[supreg] Tracking Stock (``QQQ SM '') \\5\\--to which, Phlx believes, SPY options...\\, Nasdaq-100[supreg], Nasdaq-100 Index[supreg], Nasdaq[supreg], and Nasdaq-100 Index Tracking Stock SM , are trademarks or service marks of The Nasdaq Stock Market, Inc. In particular, Phlx represents that...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-29
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Amend Rule...,\\2\\ a proposed rule change to amend Exchange Rule 4626--Limitation of Liability (``accommodation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-16
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Order Approving Proposed Rule Change To Modify Chapter... Commission received no comment letters regarding the proposal. This order approves the proposed rule change... for imbalance and indicative data dissemination; (4) clarify when an Order Imbalance Indicator is...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-09-26
... believe that NASDAQ's ``joint products'' theory is fundamentally flawed, and cannot support the conclusion... joint products ``platform competition theory'' is flawed as a matter of economics, because order... functioning of the national market system or result in predatory prices, or threaten to injure competition...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-19
...-Located Clients December 12, 2012. On October 10, 2012, The NASDAQ Stock Market LLC (``Exchange'' or... change to establish fees for new optional wireless connectivity for co-located clients. The proposed rule... connectivity for co-located clients. [[Page 75230
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-06
... amending Section 11 to include a definition of ``System routing table,'' defined as the proprietary process... Locked and Crossed Market Rules. \\3\\ Nasdaq has previously defined the term ``System routing table'' in... better value is the essence of a well-functioning competitive marketplace. The Exchange also believes...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-15
... last-sale price disseminated by a network processor over a five-minute rolling period measured...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Extend the Pilot Period of the Trading Pause for Individual Stocks Contained in the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-19
... market participants that the program is experimental and that NASDAQ may choose not to continue the... not only the costs of the data distribution infrastructure, but also the costs of designing... infrastructure--that have risen. The same holds true for execution services; despite numerous enhancements to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-06
... Proposed Rule Change To Eliminate Exchange Direct Orders November 30, 2011. Pursuant to Section 19(b)(1) of... (``Commission'') a proposal for the NASDAQ Options Market (``NOM'') to eliminate Exchange Direct Orders... Direct Orders from its rules. The Exchange proposes to eliminate this order type, effective November 30...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-24
... Proposed Rule Change Relating to Extension of the Exchange's Penny Pilot Program and Replacement of Penny... NASDAQ Options Market (``NOM'') to extend through December 31, 2013, the Penny Pilot Program in options classes in certain issues (``Penny Pilot'' or ``Pilot''), and to change the date when delisted classes may...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-09-19
... amend NASDAQ's schedule of execution fees and rebates under Rule 7018(a). As a general matter, the... in dark pools. Securities Exchange Act Release No. 61358 (January 14, 2010), 75 FR 3594 (January 21... market structure issues, including high frequency trading and un- displayed, or ``dark,'' liquidity. See...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-03
..., Chief Executive Officer, Direct Edge to Florence E. Harmon, Deputy Secretary, Commission (the ``Direct Edge Letter''). The commenter suggested that the proposed rule change should be suspended and that the... daily volume of 12 million shares or more of liquidity provided through the NASDAQ Market Center in all...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-21
... To Permit BX Options To Accept Inbound Options Orders From NASDAQ OMX PHLX LLC and NASDAQ Options... to permit the BX Options System to accept inbound options orders routed by Nasdaq Options Services LLC (``NOS'') from NASDAQ OMX PHLX LLC (``Phlx'') and The NASDAQ Stock Market LLC's NASDAQ Options...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-12
... Modified by Amendment No. 1 Thereto, Relating to the WisdomTree Global Corporate Bond Fund and the WisdomTree Emerging Markets Corporate Bond Fund July 8, 2013. I. Introduction On May 17, 2013, The NASDAQ...-4 thereunder,\\2\\ a proposed rule change relating to the WisdomTree Global Corporate Bond Fund...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-23
... Proposed Rule Change Relating to Extension of the Exchange's Penny Pilot Program and Replacement of Penny... the rules of the NASDAQ Options Market (``NOM'') to extend through June 30, 2014, the Penny Pilot Program in options classes in certain issues (``Penny Pilot'' or ``Pilot''), and to change the date when...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-08
... Proposed Rule Change To Modify Fees for Members Using the NASDAQ Market Center August 2, 2011. Pursuant to...'') filed with the Securities and Exchange Commission (the ``Commission'') the proposed rule change as... publishing this notice to solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-12
... pertains to anti- money laundering compliance programs.\\3\\ In SR-FINRA-2009-039,\\4\\ FINRA adopted: (1) NASD...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of... the person(s) whose activities he or she is testing (e.g., anti-retaliation procedures); (3) to the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-22
... Relating to the National Quotation Dissemination Service September 16, 2010. I. Introduction On August 2... receive the National Quotation Dissemination Service (``NQDS'') from $50 to $10. The proposed rule change... contains the best bid and offer quotation of each registered market maker quoting in NASDAQ-listed...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-02
... investor concerns. The link between failure to comply with the bid price requirement and failure to meet... market system, and, in general, to protect investors and the public interest. The proposed rule change is... address instances of noncompliance with Nasdaq's price requirement and would not adversely affect...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-23
... Expanding the Short Term Option Series Program November 17, 2011. I. Introduction On September 28, 2011, The...,\\2\\ a proposed rule change to expand the Short Term Option Program (``Program'') to allow the NASDAQ Options Market (``NOM'' or ``Exchange'') to: (1) Select up to 30 option classes on which Short Term Option...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-09
... correlation observed by NASDAQ between levels of liquidity provided during pre-market hours and levels... extra rebate with respect to all displayed liquidity provided through a designated MPID that executes at... Execution Ratio'' for the month is less than 10. The PMI Execution Ratio is defined as the ratio of (A) the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-09-05
... the Listing and Trading of Shares of the WisdomTree Global Corporate Bond Fund of the WisdomTree Trust... of the WisdomTree Global Corporate Bond Fund (``Fund'') of the WisdomTree Trust (``Trust'') under...) (SR-NASDAQ-2012-004) (order approving listing and trading of WisdomTree Emerging Markets Corporate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-24
... fee assessed by the away market. With respect to Customer orders that are routed to NASDAQ OMX BX, Inc..., to increase the fixed fee from $0.11 to $0.15 per contract.\\7\\ The Exchange currently does not recoup... per contract. \\7\\ The Exchange is not proposing to amend Non-Customer Routing Fees or Routing Fees for...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-08
... accordance with a sliding scale that takes account of overall market volumes during the month. Specifically... consolidated volume is 8 billion or fewer shares per day during the month. Effective March 1, 2011, NASDAQ will... Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ notice...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-13
... Proposed Rule Change To Modify Fees for Members Using the NASDAQ Market Center April 7, 2011. Pursuant to... Securities and Exchange Commission (``Commission'') the proposed rule change as described in Items I, II, and... solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-28
... Permit BX Options To Accept Inbound Options Orders From NASDAQ OMX PHLX LLC and NASDAQ Options Market... permanent approval of the Exchange's pilot program that permits the BX Options System to accept inbound orders routed by Nasdaq Options Services LLC (``NOS'') from the NASDAQ OMX PHLX LLC (``PHLX'') and The...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-13
....25 $0.25 $0.25 $0.25 Fee for Removing $0.35 $0.45 $0.45 $0.45 Liquidity IWM, QQQQ, SPY Rebate to Add... executes in the Nasdaq Options Market shall be $0.45 per executed contract. (2)-(3) No Change. (4) Fees for... SPY options to $0.30 per executed contract.\\6\\ The fee to remove liquidity in these options will...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-08
... Rules.\\12\\ Under these rules, a company must include the audit opinion in its annual report, without...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Modify the... Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that on...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-13
...-Regulatory Organizations; the NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Adopt... Proposed Rule Change The Exchange proposes to adopt a new Chapter V, Section 3(d)(iii) to provide for how... 1. Purpose The Exchange proposes to adopt Chapter V, Section 3(d)(iii) \\3\\ to provide for how the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-29
... NASDAQ to provide BX members the same reciprocity that the BX rule provides today. \\5\\ See NASDAQ Rules... believes that same reciprocity should be granted to BX members desiring to become NASDAQ members. The rules...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-20
...-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change To Adopt an... Commission (``Commission'') the proposed rule change as described in Items I and II below, which Items have... rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-10
... of the Proposed Rule Change NASDAQ proposes to modify pricing for NASDAQ members using the NASDAQ... Statutory Basis for, the Proposed Rule Change 1. Purpose NASDAQ is making minor modifications to its pricing... the fee for members using the STGY, SCAN, SKNY, SKIP, or DOTI routing strategies.\\3\\ For orders using...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-03
... the Authority of NASDAQ or NASDAQ Execution Services To Cancel Orders When a Technical or Systems...'') to cancel orders when a technical or systems issue occurs and to describe the operation of an error... causes NASDAQ or NES to cancel orders, if NASDAQ or NES determines that such action is necessary to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-04
... Exchange proposes to clarify Nasdaq Rule 7023 to make clear that Historical ModelView information will be available via NasdaqTrader.com and that references to the Historical TotalView data product will be deleted... text of the proposed rule change is available from Nasdaq's Web site at http://nasdaq.cchwallstreet.com...
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78 FR 68869 - Proposed Collection; Comment Request
Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-15
... Passive Market Making--permits passive market- making in Nasdaq securities during a distribution. A... intention to engage in passive market making. There are approximately 255 respondents per year that require...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-08
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To..., NASDAQ OMX BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission... market comprised of eleven U.S. options exchanges in which sophisticated and knowledgeable market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-22
... Proposed Rule Change To Remove the Expired Pilot Under Rule 4753(c) From the NASDAQ Rule Book August 16... ``Volatility Guard'') from the NASDAQ rule book. NASDAQ will remove the rule text 30 days after the filing date... proposing to remove the expired pilot under Rule 4753(c) from the rule book. On June 18, 2010, NASDAQ filed...
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76 FR 7594 - Proposed Collection; Comment Request
Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-10
... Passive Market Making. Rule 103 permits passive market making in Nasdaq securities during a distribution... parties its intention to engage in passive market making. There are approximately 298 respondents per year...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-03
... Stockholders' Agreement Between the NASDAQ OMX Group, Inc. and Investor AB January 27, 2011. Pursuant to... Investor AB, a corporation organized under the laws of Sweden (``Investor Stockholders' Agreement''). The... and Investor AB also entered into the Investor Stockholders' Agreement, relating to 8 million shares...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-17
... system protocol, to the NASDAQ matching engine or to the NASDAQ router as needed to complete the... Order application to the order entry gateway of NASDAQ's matching engine, but the amount of time gained... proposal represents another example of the blurring borders between exchanges and broker-dealers, and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-04
... proposed rule change is available from NASDAQ's website at http://nasdaq.cchwallstreet.com , at NASDAQ's... Authority have the necessary systems capacity to handle the additional traffic associated with the listing...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-11-12
... Connection testing [using current Nasdaq access protocols] during the normal operating hours of the NTF; No Charge--For Idle Connection testing [using current Nasdaq access protocols]; $333/hour--For Active Connection testing [using current Nasdaq access protocols] at all times other than the normal operating hours...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-01
... and BONO Port fees will be assessed to non-NOM Participants and NOM Participants. * * * * * The text... NASDAQ ITCH to Trade Options (``ITTO'') \\4\\ ports to non-NOM Participants and NOM Participants for... options equivalent of the NASDAQ Basic data feed offered for equities under NASDAQ Rule 7047. See Chapter...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-12
... such, NASDAQ believes it is appropriate to treat these companies the same as domestic companies for... from most of NASDAQ's corporate governance requirements under Rule 5615(a)(3), a foreign company that... exemption from many of NASDAQ's corporate governance rules. While the proposed $7,500 per year fee would...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-11
... price improving orders, and then are eligible to access non-price improving liquidity on the NASDAQ book.... For Type 2 Retail Orders that execute against non-price improving orders on the NASDAQ book, NASDAQ... investment intentions, they promote price discovery and dampen volatility. Accordingly, their presence in the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-08
... Proposed Rule To Amend Fees Assessed for Use of NASDAQ Pre-Trade Risk Management August 3, 2011. Pursuant... Risk Management (``PRM'') and to make a minor technical correction. NASDAQ will implement the amended... in italics; proposed deletions are in brackets. 7016. Nasdaq Risk Management (a) No change. (b) Users...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
... review functions focused on: (1) Manipulation patterns that monitor solely BX activity, including patterns that monitor the opening and closing crosses on The NASDAQ Stock Market LLC (``NASDAQ'') and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-13
... for, the Proposed Rule Change 1. Purpose NASDAQ is making modifications to its pricing schedule for... venue. The change is designed to ensure that NASDAQ does not lose money on trade executions, as is... will eliminate circumstances in which NASDAQ loses money on order executions by paying a rebate that is...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-03
... series of scenarios, and the set has accreted new scenarios from year to year as NASDAQ's system and the... rule manual. NASDAQ has determined to approach contingency planning differently than in the past, and... occurs, NASDAQ will at the earliest possible time communicate to members and the public its determination...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-09
... Proposed Rule Change To Modify Fees for the Trading and Compliance Data Package January 3, 2012. Pursuant... reports available to member firms via NasdaqTrader.com Trading and Compliance Data Package under NASDAQ... deletions are in brackets. 7021. NasdaqTrader.com Trading and Compliance Data Package Fee The charge to be...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-24
... imbalance at the end of a trading pause, Nasdaq may delay the re-opening of a security. Nasdaq will issue a notification if it cannot resume trading for a reason other than a significant imbalance. Price moves under... Period, Nasdaq detects an [liquidity] order imbalance in the security, Nasdaq will extend the Display...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-16
... its order flow on Nasdaq, and create both real-time and historical reports of such order flow. Members... OUCH ports on the Nasdaq system in real-time, analyze the latency of messages sent to the Nasdaq system... provides a subscribing member firm with real-time order latency and analytical tools to measure the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-12
... Proposed Rule Change To Amend Rules 9552, 9554 and 9559 To Conform NASDAQ's Rules to Recent Changes to the..., 9554 and 9559 to conform NASDAQ's rules to recent changes to the rules of the Financial Industry... NASDAQ's rules to recent changes made to corresponding FINRA rules, which will promote the application of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-09-04
... Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ notice is hereby given that on... prepared primarily by Nasdaq. Nasdaq filed the proposed rule change pursuant to Section 19(b)(3)(A) of the... Rule Change Nasdaq proposes to modify Rule 5210(c) related to the Direct Registration System (``DRS...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-01-22
....] * * * * * 2262. Disclosure of Control Relationship with Issuer Nasdaq Members shall comply with FINRA Rule 2262... corresponding FINRA rules. This filing addresses NASDAQ Rule 2240 entitled ``Disclosure of Control Relationship... Distribution.'' NASDAQ Rule 2262 makes reference to NASD 2240 entitled ``Disclosure of Control Relationship...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-31
...: ``Immediate family member' means a person's spouse, parents, children and siblings, whether by blood, marriage... to the Amendment of the By-Laws of its Parent Corporation, The NASDAQ OMX Group, Inc. December 21... by-laws of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ OMX'' or the ``Corporation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-16
... Stock Exchange, Inc.; EDGA Exchange, Inc.; EDGX Exchange, Inc.; International Securities Exchange LLC; The NASDAQ Stock Market LLC; National Stock Exchange, Inc.; New York Stock Exchange LLC; NYSE Amex LLC...''), NASDAQ OMX BX, Inc. (``BX''), Chicago Board Options Exchange, Incorporated (``CBOE''), Chicago Stock...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-06-28
....'' Second, NASDAQ replacing existing paragraph (C)(4) of Rule 11890, entitled ``Numerical Guidelines... NASDAQ to deviate from the Numerical Guidelines contained in paragraph (C)(1) (other than under limited... provides flexibility to NASDAQ to use different Numerical Guidelines or Reference Prices in various...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-06
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To..., NASDAQ OMX BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC... and regulatory requirements,\\7\\ which normally do not apply to other market participants. By...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-14
... Change Regarding Anti-Internalization Functionality for NASDAQ OMX PSX October 6, 2010. Pursuant to...-internalization functionality on NASDAQ OMX PSX (``PSX''). The text of the proposed rule change is available from...- internalization function for the PSX System. Under the proposal, market participants entering orders under a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-17
... NASDAQ Last Sale product, set forth in NASDAQ Rule 7039. In May 2008, the internet portal Yahoo! began... products that must be obtained in tandem. For example, while the internet portal Yahoo! continues to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-09
...-cancelled orders. Phlx believes that this change will assist market participants in managing their orders...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify the Rule Governing Modification of Orders on NASDAQ OMX PSX in the Event of an Issuer...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-10
... believes that it is reasonable to charge a $0.0001 per share markup on such routed orders as a means of..., and accordingly, it is equitable for NASDAQ to charge members a markup for making use of NASDAQ's...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-16
... requirements for compensation committee members, certain relevant factors, including the ``source of... consulting, advisory or other compensatory fee from the company or any subsidiary thereof. \\8\\ See Nasdaq... the past few months, however, Nasdaq has received feedback from listed companies and others that the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-27
... where Item 407(a)(3) of Regulation S-K requires specific disclosures of any transactions, relationships... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64713; File No. SR-NASDAQ-2011-082] Self... Proposed Rule Change to Align Certain Disclosure Requirements in Nasdaq's Corporate Governance Rules with...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-14
... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket Nos. ER10-912-000; ER10-913-000; ER10-914-000] NASDAQ OMX Commodities Clearing--Contract Merchant LLC; NASDAQ OMX Commodities Clearing--Delivery LLC; NASDAQ OMX Commodities Clearing--Finance LLC; Notice of Filing May 6, 2010. Take notice that, on May 3, 2010, NASDAQ OMX Commoditie...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
... due, NASDAQ's experience is that the company's plan often requires detailed analysis by staff to...)(A)(iii) [sic]. NASDAQ's experience is that these types of deficiencies often arise unexpectedly from events outside the control of the company, such as the death or resignation of a director. Further...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-03
... 30 seconds. Once triggered, NASDAQ institutes a formal trading halt during which time NASDAQ systems... time was appropriate because, among other things, the additional time would ensure that the Commission... with the Act. Comments may be submitted by any of the following methods: Electronic Comments Use the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-18
... proposes to amend the Exchange's Pricing Schedule at Section VII, C to update FINRA fees to mirror the text... its Pricing Schedule at Section VII, C entitled ``FINRA Fees'' to mirror the rules of the NASDAQ Stock... in the Pricing Schedule with text similar to that of NASDAQ Stock Market Rule 7003(a)(1)--(5) \\3\\ and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-23
... settlement, adjust, retain priority for, or otherwise correctly process an order, Quote/Order, message, or... Directors of NASDAQ OMX an analysis of the total value of eligible claims. FINRA has provided the required analysis. The provision further requires that Nasdaq will file with the Commission a rule proposal setting...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-19
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69755; File No. SR-NASDAQ-2013-070] Self... (``Exchange'' or ``NASDAQ'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-20
...-NASDAQ-2013-041 (March 1, 2013). \\10\\ ``Total Volume'' is defined as Customer, Professional, Firm, Broker... participation in NASDAQ by members that represent retail customers.\\3\\ For purposes of the proposed new tiers and credits, a Designated Retail Order would be defined as an agency or riskless principal \\4\\ order...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-08
... Proposed Rule Change To Eliminate Erroneous Citations From Rule 9557 March 1, 2010. Pursuant to Section 19... Change Nasdaq is proposing to eliminate erroneous citations found under Rule 9557. The text of the... Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose Nasdaq is proposing to eliminate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-17
... 70857 (Nov. 27, 2012). \\7\\ See Letter from Stephen Matthews, Senior Associate General Counsel, NASDAQ.... 13, 2013. See Letter from Jeffrey S. Davis, Vice President and Deputy General Counsel, NASDAQ OMX.... O'Neill, Deputy Secretary . [FR Doc. 2013-08974 Filed 4-16-13; 8:45 am] BILLING CODE 8011-01-P ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-20
... Proposed Rule Change To Modify Interpretation of Rule 4120(a)(11) October 14, 2011. Pursuant to Section 19... Proposed Rule Change NASDAQ proposes to modify its interpretation of Rule 4120(a)(11) regarding at what... NASDAQ is modifying its interpretation and practices related to certain language contained in Rule 4120(a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-11-02
... Proposed Rule Change To Modify Prices for Co-Location Services October 27, 2010. Pursuant to Section 19(b... Proposed Rule Change NASDAQ proposes to change to modify [sic] pricing for co-location services NASDAQ will... proposing to modify its fee schedule \\5\\ for co- location services.\\6\\ These modifications are summarized...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-27
... Proposed Rule Change To Codify Prices for Co-Location Services October 21, 2010. Pursuant to Section 19(b... the Proposed Rule Change NASDAQ proposes to change to codify pricing for co-location services NASDAQ... Commission approved an initial fee schedule of existing fees for the Exchange's co-location services.\\3\\ This...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-31
... Proposed Rule Change To Modify the Description of the Nasdaq Daily Share Volume Service October 25, 2011... Basis for, the Proposed Rule Change 1. Purpose This proposal pertains to the Nasdaq Daily Share Volume... the share volume information provided. Thus, the rule change will make it clear that the Service is...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-19
... deficiency from Nasdaq is required to make a public announcement by filing a Form 8-K, where required by SEC... the deficiency is based. However, note that in the case of a deficiency related to the requirement to... electronic disclosure submission system available at www.nasdaq.net , except in emergency situations when...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-10-12
... using a Nasdaq Workstation or Weblink ACT 2.0 user account. Member firms subscribing to the ACT Reject... Workstation and Weblink ACT 2.0 user account selected for subscription to the ACT Reject Scan service. Nasdaq..., per month. Use of the ACT Reject Scan service is voluntary and the subscription fee will be imposed on...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-09
... designated by the entering party, without checking the NASDAQ book. If unexecuted, the order (or unexecuted... respect to BX and NYSE. The fee level is consistent with NASDAQ's long-standing practice of charging a..., regardless of the activity level of the member, the listing venue of the security, or the venue to which the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-02
... Proposed Rule Change To Modify the Post-Only Order Type on NOM July 27, 2012. Pursuant to Section 19(b)(1... Proposed Rule Change NASDAQ proposes to add an additional feature to the Post-Only Order type on the NASDAQ... called Post-Only Order.\\3\\ Thereafter, the Exchange amended the order type and delayed implementation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-02-05
... NYSE or NYSE Amex opening or closing processes. DOT orders do not check the NASDAQ book prior to... thereafter check the NASDAQ book for available shares and are then converted into SCAN or STGY orders... book and destinations on the DOTI System routing table and then are sent to NYSE or NYSE Amex. Such...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-08
... Proposed Rule Change To Eliminate a Fee for Use of FIX and OUCH Trading Ports for Testing April 2, 2013... of the Proposed Rule Change NASDAQ proposes to eliminate fees under Rules 7015(b) and (g), which are..., the Proposed Rule Change 1. Purpose NASDAQ is proposing to amend Rules 7015(b) and (g) to eliminate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-23
... Proposed Rule Change To Delete Rule 4770 in Its Entirety and To Eliminate a Related Reference From the... entirety from the NASDAQ rulebook and to also eliminate a reference to Rule 4770 from Rule 4751(f)(13). The... Proposed Rule Change 1. Purpose NASDAQ is proposing to eliminate Rule 4770 in its entirety. Rule 4770 sets...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-01
... C2 Options Exchange, Inc. (``C2''). The text of the proposed rule change is available on the Exchange... Rules in order to recoup costs applicable to the C2 Options Exchange, Inc. (``C2'') that the Exchange... NASDAQ OMX PHLX LLC (``PHLX'') and NASDAQ OMX BX, Inc. (``BX Options'') and a $0.11 per contract fixed...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-12
... Investment Officer, Vanguard, dated May 3, 2012; and Letter from Leonard J. Amoruso, General Counsel, Knight..., BlackRock, Inc., dated July 11, 2012; Letter from Stanislav Dolgopolov, Assistant Adjunct Professor..., Esq., NASDAQ, dated September 7, 2012, and email from Ed Knight, NASDAQ, dated September 19, 2012. \\9...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69499; File No. SR-NASDAQ-2013-070] Self.... May 2, 2013. Pursuant to Section 19(b)(1) \\1\\ of the Securities Exchange Act of 1934 (the ``Act'') \\2... LLC (the ``Exchange'' or ``Nasdaq'') filed with the Securities and Exchange Commission (the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-08
... Locator is accessed through the NASDAQ Workstation or Weblink ACT 2.0 and is offered for a fee of $750 per... Locator is an add on tool to the NASDAQ Workstation and Weblink ACT 2.0 that assists a member firm that is... Volatility (the ``Plan'').\\3\\ The Plan provides a limit up/limit down mechanism designed to prevent trades in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-13
...\\ See Letter from Stephen Matthews, Senior Associate General Counsel, NASDAQ OMX, dated Jan. 15, 2013... from Jeffrey S. Davis, Vice President and Deputy General Counsel, NASDAQ OMX, dated Feb. 27, 2013. \\10.... O'Neill, Deputy Secretary. [FR Doc. 2013-13999 Filed 6-12-13; 8:45 am] BILLING CODE 8011-01-P ...
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Impact of stock market structure on intertrade time and price dynamics.
Ivanov, Plamen Ch; Yuen, Ainslie; Perakakis, Pandelis
2014-01-01
We analyse times between consecutive transactions for a diverse group of stocks registered on the NYSE and NASDAQ markets, and we relate the dynamical properties of the intertrade times with those of the corresponding price fluctuations. We report that market structure strongly impacts the scale-invariant temporal organisation in the transaction timing of stocks, which we have observed to have long-range power-law correlations. Specifically, we find that, compared to NYSE stocks, stocks registered on the NASDAQ exhibit significantly stronger correlations in their transaction timing on scales within a trading day. Further, we find that companies that transfer from the NASDAQ to the NYSE show a reduction in the correlation strength of transaction timing on scales within a trading day, indicating influences of market structure. We also report a persistent decrease in correlation strength of intertrade times with increasing average intertrade time and with corresponding decrease in companies' market capitalization-a trend which is less pronounced for NASDAQ stocks. Surprisingly, we observe that stronger power-law correlations in intertrade times are coupled with stronger power-law correlations in absolute price returns and higher price volatility, suggesting a strong link between the dynamical properties of intertrade times and the corresponding price fluctuations over a broad range of time scales. Comparing the NYSE and NASDAQ markets, we demonstrate that the stronger correlations we find in intertrade times for NASDAQ stocks are associated with stronger correlations in absolute price returns and with higher volatility, suggesting that market structure may affect price behavior through information contained in transaction timing. These findings do not support the hypothesis of universal scaling behavior in stock dynamics that is independent of company characteristics and stock market structure. Further, our results have implications for utilising transaction timing
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Impact of Stock Market Structure on Intertrade Time and Price Dynamics
Ivanov, Plamen Ch.; Yuen, Ainslie; Perakakis, Pandelis
2014-01-01
We analyse times between consecutive transactions for a diverse group of stocks registered on the NYSE and NASDAQ markets, and we relate the dynamical properties of the intertrade times with those of the corresponding price fluctuations. We report that market structure strongly impacts the scale-invariant temporal organisation in the transaction timing of stocks, which we have observed to have long-range power-law correlations. Specifically, we find that, compared to NYSE stocks, stocks registered on the NASDAQ exhibit significantly stronger correlations in their transaction timing on scales within a trading day. Further, we find that companies that transfer from the NASDAQ to the NYSE show a reduction in the correlation strength of transaction timing on scales within a trading day, indicating influences of market structure. We also report a persistent decrease in correlation strength of intertrade times with increasing average intertrade time and with corresponding decrease in companies' market capitalization–a trend which is less pronounced for NASDAQ stocks. Surprisingly, we observe that stronger power-law correlations in intertrade times are coupled with stronger power-law correlations in absolute price returns and higher price volatility, suggesting a strong link between the dynamical properties of intertrade times and the corresponding price fluctuations over a broad range of time scales. Comparing the NYSE and NASDAQ markets, we demonstrate that the stronger correlations we find in intertrade times for NASDAQ stocks are associated with stronger correlations in absolute price returns and with higher volatility, suggesting that market structure may affect price behavior through information contained in transaction timing. These findings do not support the hypothesis of universal scaling behavior in stock dynamics that is independent of company characteristics and stock market structure. Further, our results have implications for utilising transaction timing
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Impact of Stock Market Structure on Intertrade Time and Price Dynamics
NASA Astrophysics Data System (ADS)
Yuen, Ainslie; Ivanov, Plamen Ch.
2005-08-01
The NYSE and NASDAQ stock markets have very different structures and there is continuing controversy over whether differences in stock price behaviour are due to market structure or company characteristics. As the influence of market structure on stock prices may be obscured by exogenous factors such as demand and supply, we hypothesize that modulation of the flow of transactions due to market operations may carry a stronger imprint of the internal market mechanism. We analyse times between consecutive transactions (ITT) for NYSE and NASDAQ stocks, and we relate the dynamical properties of the ITT with those of the corresponding price fluctuations. We find a robust scale-invariant temporal organisation in the ITT of stocks which is independent of individual company characteristics and industry sector, but which depends on market structure. We find that stocks registered on the NASDAQ exhibit stronger correlations in their transaction timing within a trading day, compared with NYSE stocks. Further, we find that companies that transfer from the NASDAQ to the NYSE show a reduction in the correlation strength of transaction timing within a trading day, after the move, suggesting influences of market structure. Surprisingly, we also observe that stronger power-law correlations in the ITT are coupled with stronger power-law correlations in absolute price returns and higher price volatility, suggesting a strong link between the dynamical properties of ITT and the corresponding price fluctuations over a broad range of time scales. Comparing the NYSE and NASDAQ, we demonstrate that the higher correlations we find in ITT for NASDAQ stocks are matched by higher correlations in absolute price returns and by higher volatility, suggesting that market structure may affect price behaviour through information contained in transaction timing.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-10
... Chapter XV, Section 2 entitled ``BX Options Market--Fees and Rebates'' to adopt rebates and fees relating... approval to operate a new options market.\\3\\ The new market, called NASDAQ OMX BX Options, or BX Options... rebates and fees for Customers, BX Options Market Makers \\4\\ and Non-Customers \\5\\ in various options \\6...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-15
... movements in the price at which a security is traded can indicate aberrant volatility, which is harmful to investors. On August 19, 2008, the Commission approved new Rule 4753(c), which established a volatility... 4753(c), a volatility-based pause in trading in individual NASDAQ-listed securities traded on NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-24
... assesses Non-Customers a flat rate of $0.95 per contract on all Non-Customer orders routed to any away market and the Exchange assesses Customer orders a fixed fee plus the actual transaction fee dependent on the away market. Specifically, the Exchange assesses Customer orders routed to NASDAQ Options Market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-28
... introduce a new order type--the Minimum Life Order--for use in the NASDAQ OMX PSX (``PSX'') system. PHLX... markets are characterized by high levels of automation and speed, both in the systems employed by... confidence. PSX was developed to provide an alternative to traditional price- time markets that reward market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-09
..., dated September 28, 2010; Michael R. Trocchio, Bingham McCutchen LLP, on behalf of Pink OTC Markets Inc... Listing Market on the Exchange March 3, 2011. On August 20, 2010, NASDAQ OMX BX, Inc. (the ``Exchange... change to create a listing market on the Exchange. The proposed rule change was published for comment in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-10
... Catastrophic Errors April 4, 2013. I. Introduction On January 31, 2013, NASDAQ OMX PHLX LLC (``PHLX'' or... process is shorter for specialists and Registered Options Traders than it is for other market participants...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-20
..., Secretary, Commission, from Michael R. Trocchio, Bingham McCutchen LLP, on behalf of Pink OTC Markets Inc... Rule Change To Create a Listing Market on the Exchange October 14, 2010. On August 20, 2010, NASDAQ OMX... thereunder,\\3\\ a proposed rule change to create a listing market, which will be called ``BX.'' The proposed...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-18
... operate the BX Options market. BX's history dates back to the 1830s. For many years, the Boston Stock... OMX BX. BX re-launched an equities marketplace utilizing state of the art NASDAQ technology, having...). Consistent with that storied history as a long-time competitor in the U.S. markets, BX now proposes to launch...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-10
... evolution of technologies and systems through which data may be accessed. NASDAQ, like other data providers... just and equitable principles of trade, to foster cooperation and coordination with persons engaged in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-14
... relationship. Direct liquidity provision is beneficial to NASDAQ and to the marketplace generally. Direct... liquidity provision rather than compensating the effort required to aggregate order flow. To encourage the... [[Page 2743
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-12
... facility for executing and routing standardized equity and index options, to amend Routing Fees. While... other persons using any facility or system which NASDAQ operates or controls, and is not designed to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-11
... of the Series 55 exam (for which the prerequisite is the Series 7 examination). 2. Statutory Basis... Number SR-NASDAQ-2011-107 on the subject line. Paper Comments Send paper comments in triplicate to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-22
... other things, that if NASDAQ Regulation staff has reason to believe that a disqualification exists... person waives the following (in summary): (a) The right to a hearing and any right of appeal to challenge... 13622
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-02
... Proposed Rule Change Regarding the NASDAQ Order Imbalance Snapshot February 24, 2011. Pursuant to Section... Order Imbalance Snapshot, a data feed of electronic messages for newswire providers to monitor the... by disseminating the [[Page 11549
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-02
..., Georgetown University, McDonough School of Business, dated August 23, 2012 (``Angel Letter''); and Leonard J... any applicable insurance policy. See Nasdaq Rule 4626(b)(2). The Facebook initial public offering does... (``IPO'') of Facebook, Inc. (``Facebook'') on May 18, 2012 (collectively ``Facebook IPO'').\\11...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-17
... customers using the CoLo Console \\3\\ during the months of January and February of 2013, provided that such... cabinets continues to exceed the Baseline Number. \\3\\ The ``CoLo Console'' is NASDAQ's web-based ordering...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-15
..., thereby maintaining the $0.0002 markup that exists in the current fee schedule. \\4\\ SR-PHLX-2011-11... recent pricing changes by that venue, and allows NASDAQ to maintain the current markup of $0.0002 per...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-17
... Exchange's Web site at http://www.nasdaq.cchwallstreet.com , at the principal office of the Exchange, and... significant percentage of the orders of institutional investors are executed in dark pools. See Securities... high frequency trading and un- displayed, or ``dark,'' liquidity. See also Mary L. Schapiro...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-31
... for the wireless connectivity via the CoLo Console \\6\\ and would be subject to a one-year minimum lock...\\ The ``CoLo Console'' is a web-based ordering tool NASDAQ offers to enable members to place colocation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-05
... users using the Co-Lo Console \\4\\ on or after July 1, 2013 through August 31, 2013. The reduced fee... reduction in co-location cabinet fees). \\4\\ The ``Co-Lo Console'' is NASDAQ's web-based ordering tool, and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-17
... types to make benchmarking easier and more efficient. For the members that already have such... benchmarking capability to firms that currently lack it or lack an exchange-based alternative. NASDAQ further...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-07
... Exchange's Web site at http://www.nasdaq.cchwallstreet.com , at the principal office of the Exchange, and... percentage of the orders of institutional investors are executed in dark pools. See Securities Exchange Act... frequency trading and un- displayed, or ``dark,'' liquidity. See also Mary L. Schapiro, Strengthening Our...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-03
... cabinets ordered by users using the Co-Lo Console \\4\\ on or after October 1, 2013 through December 31, 2013... No. 68624 (Jan. 1, 2013), 78 FR 3945 (Jan. 17, 2013). \\4\\ The ``Co-Lo Console'' is NASDAQ's Web-based...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-11-15
... new Nasdaq product offerings, pending the resolution to this matter. Thus, offering a Managed Data... trading systems (``ATSs''), including dark pools and electronic communication networks (``ECNs''). Each.... A proliferation of dark pools and other ATSs operate profitably with fragmentary shares of...
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Damped oscillations in the ratios of stock market indices
NASA Astrophysics Data System (ADS)
Wu, Ming-Chya
2012-02-01
A stock market index is an average of a group of stock prices with weights. Different stock market indices derived from various combinations of stocks may share similar trends in certain periods, while it is not expected that there are fixed relations among them. Here we report our investigations on the daily index data of Dow Jones Industry Average (DJIA), NASDAQ, and S&P500 from 1971/02/05 to 2011/06/30. By analyzing the index ratios using the empirical mode decomposition, we find that the ratios NASDAQ/DJIA and S&500/DJIA, normalized to 1971/02/05, approached and then retained the values of 2 and 1, respectively. The temporal variations of the ratios consist of global trends and oscillatory components including a damped oscillation in 8-year cycle and damping factors of 7183 days (NASDAQ/DJIA) and 138471 days (S&P500/DJIA). Anomalies in the ratios, corresponding to significant increases and decreases of indices, only appear in the time scale less than an 8-year cycle. Detrended fluctuation analysis and multiscale entropy analysis of the components with cycles less than a half-year manifest a behavior of self-adjustment in the ratios, and the behavior in S&500/DJIA is more significant than in NASDAQ/DJIA.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-08
... Yahoo! began offering its Web site viewers real-time last sale data provided by BATS Trading. NASDAQ's last sale data products compete directly with the BATS product disseminated via Yahoo! In addition, as...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-07
... Exchange on the matter at issue. Retail Liquidity Identifier Under proposed Nasdaq Rule 4780(e), the... (January 14, 2010), 75 FR 3594 (January 21, 2010) (noting that dark pools and internalizing broker- dealers...
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Large resource development projects as markets for passive solar technologies. Final report
DOE Office of Scientific and Technical Information (OSTI.GOV)
Roze-Benson, R V
1980-12-01
A basic premise of this study is that large resource development projects provide a major market opportunity for passive solar manufactured buildings. The primary objectives of the work are to document selected resource development projects and identify their potential housing needs and development schedules, to contact resource industry representatives and assess some of the processes and motivations behind their involvement in housing decisions, and to provide passive solar manufactured buildings producers with results of these steps as early initial market intelligence. The intent is to identify not only the industries, location of their planned projects, and their likely worker housingmore » needs, but also the individuals involved in making housing-related decisions. The 56 identified projects are located within 18 states and cover 11 types of resources. The report documents individual projects, provides protections of total worker-related housing needs, and presents overviews of resource development company involvement in the new construction market. In addition, the report profiles three organizations that expressed a strong interest in implementing the use of low-cost passive solar manufactured buildings in resource-development-related activities.« less
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-13
...-Regulatory Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Identify the Proprietary Data Feed of BOX Market Information That BOX Makes Available to Its...). I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-14
..., the Commission is not publishing it for comment.\\4\\ This order approves the proposed rule change, as... NASDAQ OMX Corporate Governance Guidelines, however, provide a different standard for uncontested... contained in the Corporate Governance Guidelines; contested elections would remain subject to the plurality...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-27
... Proposed Rule Change To Eliminate an Erroneous Reference to the Retired Automatic Quotation Refresh...'s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to eliminate...,'' which references the AQR functionality that was retired. Accordingly, NASDAQ is proposing to eliminate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67295; File No. SR-NASDAQ-2012-061] Self... Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange... the Exchange's options trading facility. \\4\\ See Securities Exchange Act Release No. 67027 (May 18...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-29
... Amendments No. 1 and 2 Thereto, To Amend Certain Corporate Governance Disclosure Requirements for Listed... rules relating to corporate governance standards for listed companies. The proposed rule change, as... when it relies on certain exceptions to Nasdaq rules concerning the composition and independence of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-17
...., International Securities Exchange LLC, The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Amex LLC... Amend the Clearly Erroneous Rule in Light of Changes to the Single Stock Trading Pause Process August 11... continue to operate in the same manner after changes to the single stock trading pause process are...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-19
... also hopes to encourage greater use of its Closing Cross through this pricing incentive. NASDAQ further notes that the New York Stock Exchange (``NYSE'') currently offers general pricing incentives to members... changes to relocate the placement of the definitions of ``MPID'' and ``Consolidated Volume'' in Rule 7018...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-26
... Corporate Governance Requirements May 19, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act... companies to provide notification to Nasdaq of any noncompliance with the corporate governance requirements... Regulatory Authority. A Company may be denied continued listing if it fails to provide such information...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-14
... the Nominating & Governance Committee; (ii) amend the NASDAQ OMX PHLX, Inc. reference to reflect a... Nominating Committee also conducts certain governance functions such as consulting with the Board and the... ``Nominating Committee'' in the By-Laws, to the ``Nominating & Governance Committee'' so that the title of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-02
... available on the Exchange's Web site at http://www.nasdaq.cchwallstreet.com , at the principal office of the... trading systems (``ATSs''), including dark pools and electronic communication networks (``ECNs''). Each...ECN, BATS Trading and Direct Edge. A proliferation of dark pools and other ATSs operate profitably...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-17
... thresholds through a single MPID to avoid providing excessive encouragement to members to aggregate the... a particular venue to be excessive, or rebate opportunities available at other venues to be more... standards applicable to exchanges. These competitive forces help to ensure that NASDAQ's fees are reasonable...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-01
... centers.\\4\\ \\4\\ The vendors supporting wireless transmission of CME data will install equipment on... wireless connectivity and obtain the lower latency transmission of data from third parties and NASDAQ that... Proposed Rule Change 1. Purpose Wireless technology has been in existence for many years, used primarily by...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-25
... believes that, because SPX, SPXPM, and SPY options are ultimately derivative of the same benchmark--the S&P..., investors utilize SPX, SPXPM, and SPY options and their respective underlying instruments and futures to... of the Proposed Rule Change NASDAQ proposes to eliminate position limits for options on the SPDR...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-18
... internal distributors count and report each server and display device that processes TotalView-ITCH data as a professional TotalView and OpenView user. Some firms report upwards of 500 devices, while other.... Nasdaq has offered similar enterprise licenses for professional and non-professional usage of TotalView...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
... Proposed Rule Change To Delay Implementation of the Dedicated OUCH Port Infrastructure Service October 16... Port Infrastructure service under Rule 7015(g). NASDAQ will begin offering the service in mid-first... adopt a new Dedicated OUCH Port Infrastructure connectivity option and related fee.\\3\\ At the time of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-19
... the Commission on the effects of the programs on bid-ask spreads, depth of liquidity at the inside..., NASDAQ will provide an enhanced liquidity provider rebate with respect to displayed liquidity-providing... liquidity provided to which a particular rate applies. A member will receive an NBBO Setter Incentive credit...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-13
... price movements between 9:30 a.m. and 4 p.m. Eastern Standard Time (``EST''). Volatility Guard is... March 11, 2011, the Commission approved Rule 4753(c) (the ``Volatility Guard''), a volatility-based... six month pilot applied to the NASDAQ 100 Index securities.\\3\\ The Volatility Guard automatically...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64060; File No. SR-NASDAQ-2011-035] Self... 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed... Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63648; File No. SR-NASDAQ-2011-003] Self... 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed... Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for, the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-09
...'s Web site at http://nasdaq.cchwallstreet.com/Filings , at the principal office of the Exchange, and... offer an alternative to trading venues that are entirely dark. For members qualifying for this tier, the... otherwise be traded in ``dark pool'' alternative trading systems that have been exempted from compliance...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-05
... Options Market LLC (``NOM'') and NASDAQ OMX BX, Inc. (``BX Options'') and a $0.11 per contract \\4\\ fixed... Exchange.\\7\\ \\3\\ In a previous rule filing, the Exchange discussed the manner in which it analyzed costs..., 2012) (SR-OCC-2012-18). \\7\\ For example, if a Customer order is routed to BOX, and BOX offers a...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-25
... Non-Displayed Order would be cancelled by the NASDAQ system if the market moved through the price of... 4751(f)(7) Concerning the Processing of the Price To Comply Order May 18, 2012. Pursuant to Section 19... Change The Exchange proposes to clarify how the processing of a Price to Comply Order under Rule 4751(f...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-07-29
... qualification examination, the Series 56, was recently filed with the Commission; \\6\\ NASDAQ expects to file the... new examination, the Series 56. \\5\\ See Securities Exchange Act Release Nos. 63843 (February 4, 2011... respecting the Series 56, which has become effective. See Securities Exchange Act Release No. 64699 (June 17...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-10
... Proposed Rule Change To Amend Rule 1120 and To Adopt a Corresponding Fee September 4, 2013. Pursuant to... Proposed Rule Change NASDAQ is proposing to amend Rule 1120 as described below, and to adopt a... requirements that currently apply and to adopt a continuing education requirement for persons registered as...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-19
... in the test environment. The test environment is designed to closely mirror the live trading... Test Environment November 13, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934... fees under Rule 7030(d) for use of the NASDAQ Testing Facility (``NTF'') test environment located in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-27
... offers various bandwidth options for connectivity to NASDAQ, including a 10Gb fiber connection, a 1Gb copper connection, and a 100 MB connection.\\3\\ In keeping with changes in technology, the Exchange now proposes to provide an enhanced bandwidth option to enable its clients a more efficient connection to the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-09
... Corporate Action Related to a Dividend, Payment or Distribution August 5, 2013. Pursuant to Section 19(b)(1... orders in the event of an issuer corporate action related to a dividend, payment or distribution. NASDAQ... securities that are the subject of issuer corporate actions related to a dividend, payment or distribution...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-20
... Proposed Rule Change to Adopt Fees and Fee Waivers for Certain Exchange Traded Products September 16, 2013... exchange traded products and to expand existing fee waivers to include these securities. The text of the... traded products.\\3\\ However, at the time, NASDAQ did not specify fees applicable to certain of these...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-23
..., LLC, to cover the cost of the hearing,] as follows: (A) when the Company has requested a written... Change In its filing with the Commission, the Exchange included statements concerning the purpose of and... 18837 (April 11, 2001) (approving SR-NASD-2001-17). NASDAQ is increasing the fees because the costs...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-15
... Pilot Options which either adds or removes liquidity.\\7\\ \\4\\ For a detailed description of the ISP, see... immediate effectiveness); and 63628 (January 3, 2011), 76 FR 1201 (January 7, 2011) (NASDAQ- 2010-154.... Common ownership is defined as 75 percent common ownership or control. \\7\\ See the Exchange's Rules at...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-30
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69631; File No. SR-NASDAQ-2013-078] Self.... 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of Substance... change. * * * * * II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory Basis for...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-29
... similar rules to effect this industry-wide initiative.\\7\\ \\6\\ See Securities Exchange Act Release No. 34... business day. With respect to index options, restrictions on exercise may be in effect until the opening of... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70747; File No. SR-NASDAQ-2013-133] Self...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-17
... disseminated as required (Rule 4120(a)(9)); a halt in a Derivative Securities Product (as defined in Rule 4120... trading halt in a Derivative Security Product traded pursuant to unlisted trading privileges for which a... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69563; File No. SR-NASDAQ-2013-073] Self...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-13
... the Program are Retail Orders as defined in Rule 4780(a)(2). NASDAQ states that the current ``any... Program, it did so with the understanding that the Program would service ``only'' retail order flow. To... flow represented by these brokers the opportunity to receive the benefits of the Program. Additionally...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-06
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65447; File No. SR-BX-2011-067] Self-Regulatory Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Provide an Optional Functionality for a BOX Options Participant To Prevent Its Market Maker or Proprietary Broker-Dealer Orders Entered in BOX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-07
... Public Announcement When a Listed Issuer Fails To Make a Public Announcement December 3, 2012. I... give the Exchange the authority to issue a public announcement when a listed issuer fails to do so. The... Nasdaq Staff Determination should the issuer fail to do so within the time allotted or if the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-08
... terminal is a basic front- end user interface used by NASDAQ members to connect to, and enter orders in... is necessary for users to enter orders through VTE. The two fees assessed under Rule 7015(h) relate... $100 monthly, and raised the minimum commission fee for users executing orders totaling less than 100...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-25
... be held until the beginning of the Display-Only Period. NASDAQ believes that the quality of its... order interaction at the open by allowing more orders to interact at the commencement of trading. \\4... commencement of trading of IPO securities, resulting in a higher level of order interaction at the open. Thus...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-19
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69758; File No. SR-NASDAQ-2013-081] Self... change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory...'s Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-17
... to other venues on the SOLV System routing table, or (ii) check the NASDAQ book first and then route to destinations on the SOLV System routing table.\\3\\ Under the second option, the applicable routing.... \\3\\ As provided in Rule 4758(a)(1)(A), the term ``System routing table'' refers to the proprietary...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-07-20
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64885; File No. SR-NASDAQ-2011-093] Self.... 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of Substance... Commission's Public Reference Room, and at the Commission's Web site at http://www.sec.gov . II. Self...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-12
... that are not posting Protected Quotations within the meaning of Regulation NMS (i.e. ``dark venues'' or ``dark pools''). If shares remain un-executed after routing, they are posted on the book. Once on the... participants that seek to execute on Nasdaq or on dark pools without executing on another exchange. Members may...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-10-18
... Proposed Rule Change To Amend NASDAQ's Schedule of Execution Fees for Order Routing Under Rule 7018 October... proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-01
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69450; File No. SR-NASDAQ-2013-031] Self... Member Organization To Attest That ``Substantially All'' Orders Submitted to the Retail Price Improvement... ``substantially all,'' rather than all, orders submitted to the Retail Price Improvement Program qualify as...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-06-17
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62285; File No. SR-NASDAQ-2008-014] Self... Amendments No. 1 and 2 Thereto To Amend Certain Corporate Governance Disclosure Requirements for Listed... No. 2 replaced and superseded Amendment No. 1 in its entirety. I. Self-Regulatory Organization's...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-16
.... However, as the Commission has made clear with respect to BX's affiliate, the NASDAQ Stock Exchange LLC...: Manipulation patterns that monitor solely BX activity, including patterns that monitor activity that might... the opposite side of the BX market at an improved price (often referred to as ``odd lot manipulation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-09-06
... LLC; Stock Clearing Corporation of Philadelphia; Order Approving Proposed Rule Changes With Respect to the Amendment of the By-Laws of The NASDAQ OMX Group, Inc. August 30, 2012. I. Introduction On June 20... amendment of the by-laws (the ``NASDAQ OMX By-Laws'') of The NASDAQ OMX Group, Inc. (``NASDAQ OMX''), the...
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2007-07-24
for many high-volume stocks of CRS-3 1 William H. Christie and Paul H. Schultz, “Did NASDAQ Market Makers Implicitly Collude?,” Journal of Economic...abandoned, and spreads for several major stocks fell by about half.1 Some other examples of transparency in financial markets suggested transparency lowered...losses. CRS-34 67 For a more detailed description of the structure of modern financial markets, see Hans R. Stoll, “Electronic Trading in Stock
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-27
... adopted QView on December 1, 2011 at no cost to subscribers.\\3\\ QView is a Web-based, front-end... executions provided in the QView dashboard interface. The dashboard also allows a QView subscriber to track...\\ \\5\\ TradeInfo is a web-based tool that, among other things, allows users access to all of the NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-30
... to TradeInfo Under Rule 7015(f) April 24, 2013. Pursuant to Section 19(b)(1) of the Securities... add-on service to TradeInfo under Rule 7015(f). The text of the proposed rule change is below... the Options Rules. (a)-(e) No change. (f) TradeInfo Members not subscribing to the Nasdaq Workstation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-07
... manner that could harm other participants. \\4\\ 15 U.S.C. 78f. \\5\\ 15 U.S.C. 78f(b)(5). B. Self-Regulatory... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68799; File No. SR-NASDAQ-2013-015] Self.... I. Self-Regulatory Organization's Statement of the Terms of the Substance of the Proposed Rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-14
... Proposed Rule Change To Modify the NASDAQ Co-Location Super High Density Cabinet Monthly Fee May 8, 2012...- density cabinet monthly fee. The Exchange will implement the proposed change on May 1, 2012. The text of... The Exchange is modifying Rule 7034(a) by reducing its co-location super high-density cabinet on-going...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-10
... that it is appropriate to charge a markup with respect to directed orders to reflect the costs of offering routing services and the value of such services. Notably, in all instances NASDAQ charges a markup... that it does not currently charge a markup with respect to non-directed orders that are routed to PSX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-25
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68694; File No. SR-NASDAQ-2012-129] Self... Commission Action on Proposed Rule Change To Establish the Retail Price Improvement Program on a Pilot Basis...,\\2\\ a proposed rule change to establish a Retail Price Improvement Program to attract additional...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-03
... book were $10.00 x $10.05, and a market participant entered a Post-Only Order to buy at $10.05, the.... Thus, if a sell order is on the book at $10 and a Post-Only Order to buy at $10.01 is entered, the... order's current behavior when crossing an existing order on the System. PHLX also notes that NASDAQ has...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-28
... that is in test mode in excess of one. (c)-(f) No change. (g) Other Port Fees Remote Multi-cast ITCH... environment to test upcoming NASDAQ releases and product enhancements, as well as test software prior to... public in accordance with the provisions of 5 U.S.C. 552, will be available for Web site viewing and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-21
... Issuers Rather Than Only Foreign Private Issuers November 15, 2012. Pursuant to Section 19(b)(1) of the... primarily by the Exchange. Nasdaq filed the proposed rule change pursuant to Section 19(b)(3)(A) of the Act... Program \\5\\ (``DRS'') operated by a clearing agency registered under Section 17A of the Act.\\6\\ When this...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-02
...'') and NASDAQ OMX BX, Inc. (``BX Options'') and a $0.11 per contract \\4\\ fixed Routing Fee to all other... fee assessed by the Exchange.\\7\\ \\3\\ In a previous rule filing, the Exchange discussed the manner in... Act Release No. 68025 (October 10, 2012), 77 FR 63398 (October 16, 2012) (SR-OCC-2012-18). \\7\\ For...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-15
... further that if the result is zero, the Baseline Participation Ratio shall be deemed to be 0.485% (when... that if the result is zero for either month, the Baseline Participation Ratio shall be deemed to be 0... Added Liquidity amount shall be deemed zero.'' Under the revised program, NASDAQ will pay a credit of $0...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-04
...) of that Rule. This tie-breaker resolves price disputes based on minimizing order imbalances. In other... Opening Cross, the system will choose that price which minimizes the order imbalance remaining if the... opening cross. NASDAQ initially adopted the imbalance-based tie-breaker based upon its successful use in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-11
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69039; File No. SR-NASDAQ-2013-031] Self...'' Orders Submitted to the Retail Price Improvement Program Will Qualify as ``Retail Orders'' March 5, 2013... described in Items I, II, and III below, which Items have been prepared by the self-regulatory organization...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-03
... Regulation SHO under the Act. \\27\\ 15 U.S.C. 78f(b)(5). \\28\\ 15 U.S.C. 78k-1(a)(1). B. Self-Regulatory... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63968; File No. SR-NASDAQ-2011-030] Self... Proposed Rule Change To Adopt New Rule 4763 To Implement the Amendments to Regulation SHO February 25, 2011...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-10-19
... securities laws. It is suggested that the Company consult with corporate/securities counsel in assessing its... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68053; File No. SR-NASDAQ-2012-118] Self... Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule 19b-4 thereunder,\\2\\ notice...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-05
... purpose of and basis for the proposed rule change and discussed any comments it received on the proposed... Executive Committee and the Nominating and Governance Committee, as well as the full Board of Directors. \\3... Director'' means a Director who has no material business relationship with a broker or dealer, NASDAQ OMX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-20
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69142; File No. SR-NASDAQ-2013-048] Self... rule change as described in Items I, II and III below, which Items have been prepared by the self... change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-17
... rule change.\\10\\ The Commission is publishing this notice and order to solicit comments on Amendment No... securities. Under this proposal, Nasdaq would suspend trading in a security if a trade in that security is... Volatility Guard is similar in purpose to the Liquidity Replenishment Points (``LRPs'') rules that currently...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-23
... shall be posted on the NasdaqTrader.com Web site. Exchange Customer Firm MM Professional BATS $0.36 $0.55 $0.55 $0.[36]48 BOX 0.06 0.55 0.55 0.06 CBOE 0.06 0.55 0.55 0.26 CBOE orders greater than 99... Entry DROP Port Fee $500.00 OTTO DROP Port Fee $500.00 SQF Port Fee $0.00 [* As of October 3, 2011, the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-31
... Amendment of the By- Laws of its Parent Corporation, The NASDAQ OMX Group, Inc. December 21, 2012. Pursuant... by-laws of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ OMX'' or the ``Corporation... organizations owned by NASDAQ OMX--do not have disproportionate influence on its governance. In making the...
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77 FR 38421 - Listing Standards for Compensation Committees
Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-27
..., International Securities Exchange, NASDAQ OMX BX (formerly the Boston Stock Exchange), The NASDAQ Stock Market... hand, the NASDAQ Stock Market (``Nasdaq'') does not mandate that a listed issuer have a compensation... Markets Inc. (``Better Markets''), CFA, Georg Merkl (``Merkl''), National Association of Corporate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-18
...), NASDAQ-100(R) and NASDAQ-100 Index(R) are registered trademarks of The NASDAQ OMX Group, Inc. (which with... proposes to: (i) Increase the options transaction charge for Registered Options Traders (``ROTs'') and... 2000[supreg] is a trademark and service mark of the Frank Russell Company, used under license. Neither...
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Algorithmic complexity of real financial markets
NASA Astrophysics Data System (ADS)
Mansilla, R.
2001-12-01
A new approach to the understanding of complex behavior of financial markets index using tools from thermodynamics and statistical physics is developed. Physical complexity, a quantity rooted in the Kolmogorov-Chaitin theory is applied to binary sequences built up from real time series of financial markets indexes. The study is based on NASDAQ and Mexican IPC data. Different behaviors of this quantity are shown when applied to the intervals of series placed before crashes and to intervals when no financial turbulence is observed. The connection between our results and the efficient market hypothesis is discussed.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-04
... Stock Market, LLC To Amend the By-Laws of The NASDAQ OMX Group, Inc. April 27, 2010. Pursuant to Section... is hereby given that on April 9, 2010, The NASDAQ Stock Market LLC (the ``NASDAQ Exchange'') filed... By-Laws to make improvements in its governance. In SR-NASDAQ-2010-025, The NASDAQ Stock Market LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-31
...: ``Immediate family member' means a person's spouse, parents, children and siblings, whether by blood, marriage... the By- Laws of its Parent Corporation, The NASDAQ OMX Group, Inc. December 21, 2012. Pursuant to... by-laws of its parent corporation, The NASDAQ OMX Group, Inc. (``NASDAQ OMX'' or the ``Corporation...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-03
... traditional SPDRs[supreg] ETF (SPDRs[supreg] Trust Series 1) holds a stake in the 500 stocks represented by... Stock (``QQQ \\SM\\''),\\6\\ the third most actively traded options, traded a total of 8,730,718 contracts...], Nasdaq[supreg], Nasdaq-100 Index Tracking Stock \\SM\\, and are trademarks or service marks of The Nasdaq...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-10
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67343; File No. SR-Phlx-2012-81] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change With Respect to the Authority of the Exchange or NASDAQ Execution Services to Cancel Orders When a Technical or System Issue Occurs on the Exchange's NASDAQ OMX PSX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-09
... To Eliminate Market and Stop Orders in Nasdaq-Listed Securities Traded on the Exchange December 2...--NYSE Amex Equities to eliminate Market and Stop Orders in Nasdaq-listed securities traded on the... eliminate Market and Stop Orders in Nasdaq-listed securities traded on the Exchange. Background Rules 500...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-06-16
... Securities Exchange LLC; New York Stock Exchange LLC; NYSE Amex LLC; NYSE Arca, Inc.; The NASDAQ Stock Market... Extraordinary Market Volatility June 10, 2010. I. Introduction On May 18, 2010, each of BATS Exchange, Inc..., Inc. (``NYSEArca''), The NASDAQ Stock Market LLC (``NASDAQ''), National Stock Exchange, Inc. (``NSX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-12
... Stock Market, LLC to Establish a $5 Strike Price Program January 6, 2011. Pursuant to Section 19(b)(1... given that, on January 3, 2011, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the... Proposed Rule Change The NASDAQ Stock Market LLC proposes to amend Chapter IV, Securities Traded on NOM...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-06
... Stock Market, LLC To Expand the $2.50 Strike Price Program March 31, 2011. Pursuant to Section 19(b)(1... given that, on March 29, 2011, The NASDAQ Stock Market LLC (``NASDAQ'' or ``Exchange'') filed with the... Change The NASDAQ Stock Market LLC proposes to amend Chapter IV, Supplementary Material to Section 6...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-06
..../The 331 ESI ITT Educational Services Inc. 280 TSL Trina Solar Ltd. 332 NKE NIKE Inc. 282 EWW iShares...-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed..., notice is hereby given that on July 22, 2010, NASDAQ OMX PHLX, Inc. (``Phlx'' or ``Exchange'') filed with...
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Multifractals in Western Major STOCK Markets Historical Volatilities in Times of Financial Crisis
NASA Astrophysics Data System (ADS)
Lahmiri, Salim
In this paper, the generalized Hurst exponent is used to investigate multifractal properties of historical volatility (CHV) in stock market price and return series before, during and after 2008 financial crisis. Empirical results from NASDAQ, S&P500, TSE, CAC40, DAX, and FTSE stock market data show that there is strong evidence of multifractal patterns in HV of both price and return series. In addition, financial crisis deeply affected the behavior and degree of multifractality in volatility of Western financial markets at price and return levels.
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-11
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71004; File No. SR-Phlx-2013-101] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change Regarding the Short Term Options Program December 6, 2013. I. Introduction On October 3, 2013, NASDAQ OMX PHLX LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-15
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63875; File No. SR-Phlx-2010-183] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change Expanding Its Short Term Option Program February 9, 2011. I. Introduction On December 15, 2010, NASDAQ OMX PHLX LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63654; File No. SR-Phlx-2010-158] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change Establishing a $5 Strike Price Program January 6, 2011. I. Introduction On November 12, 2010, NASDAQ OMX PHLX LLC...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65149; File No. SR-Phlx-2011-89] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change Relating to Alpha Index Options August 17, 2011. I. Introduction On June 23, 2011, NASDAQ OMX PHLX LLC (the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-04
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-61590; File No. SR-Phlx-2009-113] Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Order Granting Approval of Proposed Rule Change Relating to Index Option Position Limits February 25, 2010. On December 29, 2009, NASDAQ OMX PHLX, Inc. (``Phlx'' or...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-28
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69607; File No. SR-BX-2013-029] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Order Approving Proposed Rule Change Relating to Board of Director Qualifications May 20, 2013. On March 27, 2013, NASDAQ OMX BX, Inc. (``BX'' or ``Exchange'') filed with the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-29
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64338; File No. SR-Phlx-62011-13] Self..., Rules, Advices and Regulations April 25, 2011. I. Introduction On February 16, 2011, NASDAQ OMX PHLX LLC... Regulations of the Exchange. \\5\\ To align itself with the terminology used by NASDAQ, the Exchange proposes to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-14
... Modify Pricing for BX Members Using the NASDAQ OMX BX Equities System December 8, 2011. Pursuant to... of the Proposed Rule Change The Exchange proposes to modify pricing for BX Members using the NASDAQ... above $1. BX has a pricing model under which members are charged for the execution of quotes/orders...
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Comparable Stocks, Boundedly Rational Stock Markets and IPO Entry Rates
Chok, Jay; Qian, Jifeng
2013-01-01
In this study, we examine how initial public offerings (IPO) entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO) entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses. PMID:23690924
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Comparable stocks, boundedly rational stock markets and IPO entry rates.
Chok, Jay; Qian, Jifeng
2013-01-01
In this study, we examine how initial public offerings (IPO) entry rates are affected when stock markets are boundedly rational and IPO firms infer information from their counterparts in the market. We hypothesize a curvilinear relationship between the number of comparable stocks and initial public offerings (IPO) entry rates into the NASDAQ Stock Exchange. Furthermore, we argue that trading volume and changes in stock returns partially mediates the relationship between the number of comparable stocks and IPO entry rates. The statistical evidence provides strong support for the hypotheses.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68393; File No. SR-Phlx-2012-134] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposal with Respect to the Authority of the Exchange or Nasdaq Options Services LLC (``NOS'') To Cancel Options Orders when a Technical or System Issue Occurs...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-12-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68394; File No. SR-BX-2012-073] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change With Respect to the Authority of the Exchange or Nasdaq Options Services LLC (``NOS'') To Cancel Options Orders When a Technical or System Issu...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-02
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62395; File No. SR-Phlx-2010-18] Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Order Approving a Proposed Rule Change To Codify Prices for Co-Location Services June 28, 2010. I. Introduction On January 29, 2010, NASDAQ OMX PHLX (``Phlx'' or...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-25
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63132; File No. SR-Phlx-2010-118] Self-Regulatory Organizations; Order Approving Proposed Rule Change by NASDAQ OMX PHLX, Inc. To Expand the $.50 Strike Price Program October 19, 2010. On August 25, 2010, NASDAQ OMX PHLX, Inc. (``Phlx'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-64090; File No. SR-BX-2011-007] Self-Regulatory Organizations; NASDAQ OMX BX LLC; Order Approving a Proposed Rule Change Relating to Permanent Approval of the BX and NES Inbound Routing Relationship March 17, 2011. I. Introduction On January 28, 2011, NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-02
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62396; File No. SR-BX-2010-012] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Order Approving a Proposed Rule Change To Codify Prices for Co-Location Services June 28, 2010. I. Introduction On January 29, 2010, NASDAQ OMX BX, Inc. (``BX'' or ``Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-01-21
... NASDAQ Stock Market LLC To Amend the $1 Strike Program To Allow the Listing of $1 LEAPS January 13, 2010...,\\2\\ notice is hereby given that on January 11, 2010, The NASDAQ Stock Market LLC (``Nasdaq'') filed... positions that are better tailored to meet their investment objectives, vis-[agrave]-vis credit risk, using...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-03
... Exchange or NASDAQ Execution Services To Cancel Orders When a Technical or Systems Issue Occurs and To... the authority of BX or NASDAQ Execution Services (``NES'') to cancel orders when a technical or... issue may occur at BX, NES, or a routing destination that causes BX or NES to cancel orders, if BX or...
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Mood and the market: can press reports of investors' mood predict stock prices?
Cohen-Charash, Yochi; Scherbaum, Charles A; Kammeyer-Mueller, John D; Staw, Barry M
2013-01-01
We examined whether press reports on the collective mood of investors can predict changes in stock prices. We collected data on the use of emotion words in newspaper reports on traders' affect, coded these emotion words according to their location on an affective circumplex in terms of pleasantness and activation level, and created indices of collective mood for each trading day. Then, by using time series analyses, we examined whether these mood indices, depicting investors' emotion on a given trading day, could predict the next day's opening price of the stock market. The strongest findings showed that activated pleasant mood predicted increases in NASDAQ prices, while activated unpleasant mood predicted decreases in NASDAQ prices. We conclude that both valence and activation levels of collective mood are important in predicting trend continuation in stock prices.
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-01
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63777; File No. SR-Phlx-2010-157] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Approving a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, Relating to Complex Orders January 26, 2011. I. Introduction On November 29, 2010, NASDAQ OMX PHLX LLC (``Phlx'' or the ``Exchange'...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-25
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62730; File Nos. SR-BATS-2010-016; SR-BX-2010-040; SR- CBOE-2010-056; SR-CHX-2010-13; SR-EDGA-2010-03; SR-EDGX-2010-03; SR- ISE-2010-62; SR-NASDAQ-2010-076; SR-NSX-2010-07; SR-NYSE-2010-47; SR- NYSEAmex-2010-60; SR-NYSEArca- 2010-58] Self-Regulatory Organizations; BATS Exchange, Inc.; NASDAQ OMX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-03
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62797; File Nos. SR-BATS-2010-016; SR-BX-2010-040; SR- CBOE-2010-056; SR-CHX-2010-13; SR-EDGA-2010-03; SR-EDGX-2010-03; SR- ISE-2010-62; SR-NASDAQ-2010-076; SR-NSX-2010-07; SR-NYSE-2010-47; SR- NYSEAmex-2010-60; SR-NYSEArca-2010-58] Self-Regulatory Organizations; BATS Exchange, Inc.; NASDAQ OMX...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-19
... comments it received on the proposed rule change. The text of these statements may be examined at the... the by-laws with respect to the Executive Committee and the Nominating and Governance Committee, as... business relationship with a broker or dealer, NASDAQ OMX or its affiliates, or FINRA. NASDAQ OMX and the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-19
... comments it received on the proposed rule change. The text of these statements may be examined at the... for in the by-laws with respect to the Executive Committee and the Nominating and Governance Committee... business relationship with a broker or dealer, NASDAQ OMX or its affiliates, or FINRA. NASDAQ OMX and the...
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76 FR 18966 - Listing Standards for Compensation Committees
Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-06
... Exchange, EDGA Exchange, EDGX Exchange, International Securities Exchange, The NASDAQ Stock Market... Stock Market (``Nasdaq'') does not mandate that a listed issuer have a compensation committee, but... mechanism of a free and open market and a national market system, and, in general, to protect investors and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-01-19
...-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing of Proposed Rule Change by NASDAQ OMX PHLX... Commission (``Commission'') the proposed rule change as described in Items I, II, and III below, which Items... proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67014; File No. SR-BX-2012-034] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing of Proposed Rule Change With Respect to the Authority of the Exchange or NASDAQ Execution Services to Cancel Orders When a Technical or System Issue Occurs and To Describe the Operation of an...
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Mood and the Market: Can Press Reports of Investors' Mood Predict Stock Prices?
Scherbaum, Charles A.; Kammeyer-Mueller, John D.
2013-01-01
We examined whether press reports on the collective mood of investors can predict changes in stock prices. We collected data on the use of emotion words in newspaper reports on traders' affect, coded these emotion words according to their location on an affective circumplex in terms of pleasantness and activation level, and created indices of collective mood for each trading day. Then, by using time series analyses, we examined whether these mood indices, depicting investors' emotion on a given trading day, could predict the next day's opening price of the stock market. The strongest findings showed that activated pleasant mood predicted increases in NASDAQ prices, while activated unpleasant mood predicted decreases in NASDAQ prices. We conclude that both valence and activation levels of collective mood are important in predicting trend continuation in stock prices. PMID:24015202
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Testing for detailed balance in a financial market
NASA Astrophysics Data System (ADS)
Fiebig, H. R.; Musgrove, D. P.
2015-06-01
We test a historical price-time series in a financial market (the NASDAQ 100 index) for a statistical property known as detailed balance. The presence of detailed balance would imply that the market can be modeled by a stochastic process based on a Markov chain, thus leading to equilibrium. In economic terms, a positive outcome of the test would support the efficient market hypothesis, a cornerstone of neo-classical economic theory. In contrast to the usage in prevalent economic theory the term equilibrium here is tied to the returns, rather than the price-time series. The test is based on an action functional S constructed from the elements of the detailed balance condition and the historical data set, and then analyzing S by means of simulated annealing. Checks are performed to verify the validity of the analysis method. We discuss the outcome of this analysis.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-05
... data) and also Rule 7015(g) of the NASDAQ Stock Market LLC (``NASDAQ'') (in which NASDAQ assesses a... BBO data and last sale data for complex strategies (e.g., spreads, straddles, buy-writes, etc.). \\4\\ A... provided to Customers free of charge. However, MDX recently made an investment to upgrade the equipment...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-05
... Rule 7015(g) of the NASDAQ Stock Market LLC (``NASDAQ'') (in which NASDAQ assesses a monthly fee of... strategies (e.g., spreads, straddles, buy-writes, etc.). \\4\\ A ``Customer'' is any entity that receives the... free of charge. However, MDX recently made an investment to upgrade the equipment involved in the ports...
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Panic, slash, or crash-Do black swans flap in stock markets?
NASA Astrophysics Data System (ADS)
Chen, Dar-Hsin; Huang, Han-Lin
2018-02-01
Stock transaction data typically present a time series that exhibits a somewhat confusing trend, making it difficult to issue any form of crisis warning. This study employs Fourier spectrum analysis to clearly show manic and irrational investors chasing prices. When clustering generates an enormous amount of unstable power, the result is a stock market collapsing into a danger area that can be taken as a warning signal. We thus take the Dow Jones Index as a typical stock market and employ daily data from 1994-2015. This study finds the investors' purchasing power through certain thresholds, analyses the performance characteristics of the spectrum, and denotes when a stock market is in a most serious crisis stage and in a second most serious correction stage. The result of our study indicates that the warning signal accurately measures a stock market crash that can be applicable to the Dow Jones Index, Nasdaq Index, and Germany ADX Index and to the emerging markets of Bovespa Index (Brazil) and Shanghai Index (China). Furthermore, this study provides a quantitative reference concerning the depth of market crashes.
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NASA Astrophysics Data System (ADS)
Garrison, M. L.
1982-06-01
Acceptance of passive solar technologies has been slow within the conventional building trades in Texas because it is a common misconception that solar is expensive, and data on local applications is severely limited or nonexistent. It is the purpose of this solar development to move passive solar design into the mainstream of public acceptance by helping to overcome and eliminate these barriers. Specifically, the goal is to develop a set of regional climatic building standards to help guide the conventional building trade toward the utilization of soft energy systems which will reduce overall consumption at a price and convenience most Texans can afford. To meet this objective, eight sample passive design structures are presented. These designs represent state of the art regional applications of passive solar space conditioning. The methodology used in the passive solar design process included: analysis of regional climatic data; analysis of historical regional building prototypes; determination of regional climatic design priorities and assets; prototypical design models for the discretionary housing market; quantitative thermal analysis of prototypical designs; and construction drawings of building prototypes.
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-28
... Positions Off the Floor December 21, 2011. I. Introduction On October 20, 2011, NASDAQ OMX PHLX LLC... that would net against an existing offsetting short position could not be transferred), and each member...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-14
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule... solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization's... Exchange quotation, [[Page 49573
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-16
... Stock Exchange, Inc. (``CHX''), EDGA Exchange, Inc. (``EDGA''), EDGX Exchange, Inc. (``EDGX''), International Securities Exchange LLC (``ISE''), The NASDAQ Stock Market LLC (``Nasdaq''), National Stock Exchange, Inc. (``NSX''), New York Stock Exchange LLC (``NYSE''), NYSE Amex LLC (``NYSE Amex''), NYSE Arca...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-09
... January 3, 2013. I. Introduction On October 31, 2012, NASDAQ OMX PHLX LLC (``Exchange'' or ``Phlx'') filed... traded data would provide statistical information on spreads and efficiency, which would allow the...
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Passive solar design strategies: Remodeling guidelines for conserving energy at home
NASA Astrophysics Data System (ADS)
The idea of passive solar is simple, but applying it effectively does require information and attention to the details of design and construction. Some passive solar techniques are modest and low-cost, and require only small changes in remodeler's typical practice. At the other end of the spectrum, some passive solar systems can almost eliminate a house's need for purchased heating (and in some cases, cooling) energy - but probably at a relatively high first cost. In between are a broad range of energy-conserving passive solar techniques. Whether or not they are cost-effective, practical, and attractive enough to offer a market advantage to any individual remodeler depends on very specific factors such as local costs, climate, and market characteristics. Passive Solar Design Strategies: Remodeling Guidelines For Conserving Energy At Home is written to help give remodelers the information they need to make these decisions. Passive Solar Design Strategies is a package in three basic parts: the guidelines contain information about passive solar techniques and how they work, and provides specific examples of systems which will save various percentages of energy; the worksheets offer a simple, fill-in-the-blank method to pre-evaluate the performance of a specific design; and the worked example demonstrates how to complete the worksheets for a typical residence.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-06
...-025, The NASDAQ Stock Market LLC (``NASDAQ Exchange'') sought and received Commission approval to...-Regulatory Organizations; Boston Stock Exchange Clearing Corporation; Notice of Filing and Immediate... hereby given that on April 9, 2010, the Boston Stock Exchange Clearing Corporation (``BSECC'') filed with...
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Long memory and volatility clustering: Is the empirical evidence consistent across stock markets?
NASA Astrophysics Data System (ADS)
Bentes, Sónia R.; Menezes, Rui; Mendes, Diana A.
2008-06-01
Long memory and volatility clustering are two stylized facts frequently related to financial markets. Traditionally, these phenomena have been studied based on conditionally heteroscedastic models like ARCH, GARCH, IGARCH and FIGARCH, inter alia. One advantage of these models is their ability to capture nonlinear dynamics. Another interesting manner to study the volatility phenomenon is by using measures based on the concept of entropy. In this paper we investigate the long memory and volatility clustering for the SP 500, NASDAQ 100 and Stoxx 50 indexes in order to compare the US and European Markets. Additionally, we compare the results from conditionally heteroscedastic models with those from the entropy measures. In the latter, we examine Shannon entropy, Renyi entropy and Tsallis entropy. The results corroborate the previous evidence of nonlinear dynamics in the time series considered.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-17
...) are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates are the... Registered Options Traders (on-floor) and Specialists; (ii) amending the current options transaction charge for Registered Options Traders (on-floor) and Specialists and applying that charge and the options...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-26
...-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed... costs associated with system issues that are attributable to cancelled AON orders. A Professional order... organization in order for a member organization to be assessed the Cancellation Fee (``500 Threshold''). The...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-06
...-025, The NASDAQ Stock Market LLC (``NASDAQ Exchange'') sought and received Commission approval to... requirements apply to elections of directors and were not amended. Each share of common stock has one vote,\\8...-Regulatory Organizations; Stock Clearing Corporation of Philadelphia; Notice of Filing and Immediate...
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Scale-free avalanche dynamics in the stock market
NASA Astrophysics Data System (ADS)
Bartolozzi, M.; Leinweber, D. B.; Thomas, A. W.
2006-10-01
Self-organized criticality (SOC) has been claimed to play an important role in many natural and social systems. In the present work we empirically investigate the relevance of this theory to stock-market dynamics. Avalanches in stock-market indices are identified using a multi-scale wavelet-filtering analysis designed to remove Gaussian noise from the index. Here, new methods are developed to identify the optimal filtering parameters which maximize the noise removal. The filtered time series is reconstructed and compared with the original time series. A statistical analysis of both high-frequency Nasdaq E-mini Futures and daily Dow Jones data is performed. The results of this new analysis confirm earlier results revealing a robust power-law behaviour in the probability distribution function of the sizes, duration and laminar times between avalanches. This power-law behaviour holds the potential to be established as a stylized fact of stock market indices in general. While the memory process, implied by the power-law distribution of the laminar times, is not consistent with classical models for SOC, we note that a power-law distribution of the laminar times cannot be used to rule out self-organized critical behaviour.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-26
...-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed... and then cancelled totals 500 orders or more in a particular calendar month (the ``500 Order Threshold''). The Exchange proposes to modify the calculation of the 500 Order Threshold by creating two separate...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-08
... family member' means a person's spouse, parents, children and siblings, whether by blood, marriage or... OMX Group, Inc. (``NASDAQ OMX''), the parent company of the SROs. The proposed rule changes were... influence on its governance.\\16\\ Moreover, the SROs state that the change is warranted to ensure that the...
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Origin of crashes in three US stock markets: shocks and bubbles
NASA Astrophysics Data System (ADS)
Johansen, Anders
2004-07-01
This paper presents an exclusive classification of the largest crashes in Dow Jones industrial average, SP500 and NASDAQ in the past century. Crashes are objectively defined as the top-rank filtered drawdowns (loss from the last local maximum to the next local minimum disregarding noise fluctuations), where the size of the filter is determined by the historical volatility of the index. It is shown that all crashes can be linked to either an external shock, e.g., outbreak of war, or a log-periodic power law (LPPL) bubble with an empirically well-defined complex value of the exponent. Conversely, with one sole exception all previously identified LPPL bubbles are followed by a top-rank drawdown. As a consequence, the analysis presented suggest a one-to-one correspondence between market crashes defined as top-rank filtered drawdowns on one hand and surprising news and LPPL bubbles on the other. We attribute this correspondence to the efficient market hypothesis effective on two quite different time scales depending on whether the market instability the crash represent is internally or externally generated.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-66208; File No. SR-Phlx-2012-06] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending the Real-Time Risk Management Fee and Other Clarifying Amendments January 20, 2012...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-03
... Rule Change Relating to the Conversion of NASDAQ OMX PHLX, Inc. to a Limited Liability Company August... technical conforming changes to the formation documents to correspond with the LLC conversion. All... conversion. As such, this proposed rule change will merely effect a change in entity form of the Exchange and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-03-15
... reflects a competitive pricing structure designed to incent market participants to direct their order flow... OMX BX fee schedule at: http://www.nasdaqtrader.com/Trader.aspx?id=bx_pricing . \\15\\ See BATS BYX fee... rest of the trading session. See NASDAQ Rule 4758 and NASDAQ Pricing List at: http://www.nasdaqtrader...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-28
... Exchange House Accounts December 21, 2011. I. Introduction On October 19, 2011, NASDAQ OMX PHLX LLC... change to codify current Exchange policy with respect to the transfer of Exchange house accounts. The... transfers Exchange house accounts to another Exchange member or member organization. According to the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-27
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To... by the self-regulatory organization. The Commission is publishing this notice to solicit comments on...-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-20
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70874; File No. SR-Phlx-2013-111] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Pricing Schedule Under Section VIII With Respect To Execution and Routing...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-25
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63731; File No. SR-BX-2010-083] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Order Approving a Proposed Rule Change Relating to the Price Improvement... (``BOX'') to permit an Options Participant initiating a Price Improvement Period (``PIP'') to designate a...
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Chesnut, Kelsie Y; Barragan, Melissa; Gravel, Jason; Pifer, Natalie A; Reiter, Keramet; Sherman, Nicole; Tita, George E
2017-08-01
California has strict firearm-related laws and is exceptional in its regulation of firearms retailers. Though evidence suggests that these laws can reduce illegal access to guns, high levels of gun violence persist in Los Angeles (LA), California. This research seeks to describe the sources of guns accessed by active offenders in LA, California and reports offenders' motivations for obtaining guns. Los Angeles County Jail (LACJ) system (four facilities). Random sampling from a screened pool of eligible participants was used to conduct qualitative semistructured interviews with 140 incarcerated gun offenders in one of four (LACJ) facilities. Researchers collected data on firearm acquisition, experiences related to gun violence, and other topics, using a validated survey instrument. Grounded theory guided the collection and analysis of data. Respondents reported possession of 77 specific guns (79.2% handguns) collectively. Social networks facilitate access to illegal guns; the majority of interviewees acquired their illegal guns through a social connection (85.7%) versus an outside broker/unregulated retailer (8.5%). Most guns were obtained through illegal purchase (n=51) or gift (n=15). A quarter of gun purchasers report engaging in a passive transaction, or one initiated by another party. Passive gun buyers were motivated by concerns for personal safety and/or economic opportunity. In LA's illegal gun market, where existing social relationships facilitate access to guns across a diffuse network, individuals, influenced by both fear and economic opportunity, have frequent opportunities to illegally possess firearms through passive transactions. Gun policies should better target and minimise these transactions. Published by the BMJ Publishing Group Limited. For permission to use (where not already granted under a licence) please go to http://www.bmj.com/company/products-services/rights-and-licensing/.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-27
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Regarding Client Information About Agency Orders of Floor Brokers August 21, 2012. Pursuant...). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of Substance of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69671; File No. SR-Phlx-2013-59] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Apply a Strategy Fee Cap to Jelly Rolls May 30, 2013. Correction In notice document 2013-13274...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-08-09
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To...-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change The Exchange... managing their orders in the event of symbol changes and changes in listing venue, by cancelling open...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-10
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62639; File No. SR-Phlx-2010-89] Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Order Approving a Proposed Rule Change Relating to Pricing... proposed rule change to establish pricing for 10Gb direct circuit connections and codify pricing for 10Gb...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-10
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62638; File No. SR-BX-2010-043] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Order Approving a Proposed Rule Change Relating to Pricing for Direct... establish pricing for 10Gb direct circuit connections and codify pricing for 1Gb direct circuit connections...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-20
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70879; File No. SR-Phlx-2013-108] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to an Extension of a Pilot Program for SPY Position and Exercise Limits November 14, 2013...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-02
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change... OMX BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or... by the Exchange.\\7\\ \\3\\ In a previous rule filing, the Exchange discussed the manner in which it...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69344; File No. SR-Phlx-2013-29] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Accelerated Approval of a Proposed Rule Change... not be a true reflection of the value of the series being quoted. In response to these concerns, the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-02-24
... proposing to make available to members the Trading and Compliance Data Package under BX Rule 7021 (``Data Package''). The Data Package allows member firms to obtain via NasdaqTrader.com information regarding their own historical quoting and trading activity on BX. The Data Package will provide BX Participants...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-05-18
... addresses BX Rule 3011 pertaining to anti-money laundering compliance programs. In SR-FINRA-2009-039,\\3... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To... received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Because...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-06
... NASDAQ Stock Market LLC (``NASDAQ Exchange'') sought Commission approval to adopt these By-Laws changes... following applies to elections of directors and were not amended. Each share of common stock has one vote,\\6... election of directors at which a quorum is present is duly elected to the Board. Under Corporate Governance...
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75 FR 501 - Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate...
Federal Register 2010, 2011, 2012, 2013, 2014
2010-01-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-61258; File No. SR-Phlx-2009-107] Self-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to a Technical Change to the Exchange's Complex Order Program December 30, 2009. Pursuant to Section 19(b)(1) of the Securities...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68574; File No. SR-Phlx-2012-130] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Approving Proposed Rule Change To Amend Performance Evaluations With Respect to Quote Submissions of Streaming Quote Traders and Remote Streaming Quote Traders...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-26
...-party connectivity providers, including a range of extranets and service bureaus. All of the communications protocols will be publicly available to allow Participants and services bureaus to develop their... agreements with PHLX (including the NASDAQ OMX U.S. Services Agreement \\8\\); maintain membership in, or...
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How Random is the Walk: Efficiency of Indian Stock and Futures Markets
NASA Astrophysics Data System (ADS)
Basu, Udayan Kumar
Time series of prices of stock and its rates of return has been one of the major areas of study in Econophysics. The price of a stock depends on a number of factors as well as information related thereto, and how quickly and effectively the price of a stock assimilates all such information decides the efficiency of the stock market. Instead of individual stocks, people often study the behaviour of stock indices to get a feel of the market as a whole, and the outcomes of such studies for the Dow Jones Industrial Average (DJIA), the Nasdaq Index and the S & P 500 Index have been listed in a number of articles. In this context, it has also been argued that for a market to be considered sufficiently liquid, correlation between successive price movements and rates of return should be insignificant, because any significant correlation would lead to an arbitrage opportunity that is expected to be rapidly exploited and thus washed out. The residual correlations are those little enough not to be profitable for strategies due to imperfect market conditions. Unless transaction costs or slippages or any other impediment exists, leading to some transactional inefficiency, arbitrages would take place to bring back the markets to a stage of insignifficant correlations [1, 2].
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-28
..., NASDAQ OMX is proposing to amend the compositional requirements of the Nominating & Governance Committee... other compositional requirements of the Nominating & Governance Committee, including independence... modified authority to increase the size of the Nominating & Governance Committee to six directors, but will...
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The overnight effect on the Taiwan stock market
NASA Astrophysics Data System (ADS)
Tsai, Kuo-Ting; Lih, Jiann-Shing; Ko, Jing-Yuan
2012-12-01
This study examines statistical regularities among three components of stocks and indices: daytime (trading hour) return, overnight (off-hour session) return, and total (close-to-close) return. Owing to the fact that the Taiwan Stock Exchange (TWSE) has the longest non-trading periods among major markets, the TWSE is selected to explore the correlation among the three components and compare it with major markets such as the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ). Analysis results indicate a negative cross correlation between the sign of daytime return and the sign of overnight return; possibly explaining why most stocks feature a negative cross correlation between daytime return and overnight return [F. Wang, S.-J. Shieh, S. Havlin, H.E. Stanley, Statistical analysis of the overnight and daytime return, Phys. Rev. E 79 (2009) 056109]. Additionally, the cross correlation between the magnitude of returns is analyzed. According to those results, a larger magnitude of overnight return implies a higher probability that the sign of the following daytime return is the opposite of the sign of overnight return. Namely, the predictability of daytime return might be improved when a stock undergoes a large magnitude of overnight return. Furthermore, the cross correlations of 29 indices of worldwide markets are discussed.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-10
... Change To Modify Phlx's Fee Schedule Governing Order Execution on its NASDAQ OMX PSX Facility August 6...'') filed with the Securities and Exchange Commission (``Commission'') a proposed rule change as described... publishing this notice to solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-23
... Short Term Option Series Program November 17, 2011. I. Introduction On September 28, 2011, NASDAQ OMX...,\\2\\ a proposed rule change to expand the Short Term Option Program (``Program'') to allow the Exchange to: (1) Select up to 30 option classes on which Short Term Option Series (``STO Series'') may be...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-03
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Provide Additional Trading Information and Rule Clarity to Phlx Participants August 27, 2013.... 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the Terms of Substance...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-11-19
... a Customer order is resting on the Exchange book at the same price. A QCC Order shall only be... unreasonably discriminatory.\\15\\ NASDAQ [sic] believes that the analytical framework adopted in the ArcaBook...), 73 FR 74770 (December 9, 2008) (SR-NYSEArca-2006-21) (``ArcaBook Order''), vacated on other grounds...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-25
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change... OMX BX, Inc. (``BX'' or ``Exchange'') filed with the Securities and Exchange Commission (``SEC'' or... Act \\6\\ in general, and furthers the objectives of Section 6(b)(4) of the Act,\\7\\ in particular, in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-04-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69343; File No. SR-BX-2013-026] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Order Granting Accelerated Approval of a Proposed Rule Change To Adopt... not be a true reflection of the value of the series being quoted. In response to these concerns, the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-04
... By-Laws to make improvements in its governance. In SR-NASDAQ-2010-025, The NASDAQ Stock Market LLC... director receiving a plurality of the votes at any election of directors at which a quorum is present is... director in an uncontested election who received a greater number of votes ``withheld'' from his or her...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-27
... Latency Network Connections December 20, 2011. I. Introduction On October 31, 2011, NASDAQ OMX BX, Inc... establish a program for offering low latency network connections and to establish the initial fees for such connections. The Exchange also proposed administrative modifications to Exchange Rule 7034. The proposed rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-05
...-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members... Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of a Proposal to Amend Chapter VI... Exchange Commission (the ``Commission'') the proposed rule change as described in Items I and II below...
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26 CFR 1.1296-2 - Definition of marketable stock.
Code of Federal Regulations, 2011 CFR
2011-04-01
... marketable stock means— (1) Passive foreign investment company (PFIC) stock that is regularly traded, as... income of the foreign corporation for its taxable year is passive income, as defined in section 1297(a)(1... corporation during its taxable year which produce passive income or which are held for the production of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-11-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68268; File No. SR-BX-2012-072] Self-Regulatory... Securities Exchange Act of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that on November 15, 2012, NASDAQ OMX BX, Inc. (``BX'' or the ``Exchange'') filed with the Securities and Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63694; File No. SR-BX-2011-001] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the BOX Trading Rules Regarding Voluntary Withdrawal From Trading Options Classes in Which They Are Appointed January 11, 2011....
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-08
... Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Dissolve... dissolve the BOX Committee of the Board of Directors. The text of the proposed rule change is available at... Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to dissolve the BOX Committee of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-03-04
... Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt New... adopt new Rule 4763 as a written policy or procedure to implement the amendments to Rules 200(g) and 201... Act Release No. 61595 (Feb. 26, 2010), 75 FR 11232 (Mar. 10, 2010) (``Adopting Release'') (amending...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71055; File No. SR-BX-2013-059] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To... of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ notice is hereby given that on November 29, 2013...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-05-10
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule.... \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. I. Self-Regulatory Organization's Statement of the... Public Reference Room. II. Self-Regulatory Organization's Statement of the Purpose of, and Statutory...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65869; File No. SR-Phlx-2011-161] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify Its Optional Anti-Internalization Functionality December 2, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-08
... business on the Exchange. The proposed change will have no effect on the assessment of fees for current BOX... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change... (``Commission'') the proposed rule change as described in Items I and II below, which Items have been prepared...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-26
... SECURITIES AND EXCHANGE COMMISSION [Release No.34-62531; File No. SR-NASDAQ-2010-087] Self-Regulatory Organizations; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change by The NASDAQ Stock Market LLC Relating to Trading Halts in Options During a Trading Pause in the Underlying Securities July 19, 2010. Pursuant to Section 19(b...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-14
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65917; File No. SR-Phlx-2011-143] Self... Commentary .01 to Rule 1009 Regarding Criteria for Listing an Option on an Underlying Covered Security December 8, 2011. On October 24, 2011, NASDAQ OMX PHLX LLC (``Phlx'') filed with the Securities and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-29
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69232; File No. SR-BX-2013-013] Self-Regulatory.... Introduction On February 6, 2013, NASDAQ OMX BX, Inc. (``Exchange'' or ``BX'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-07-05
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67294; File No. SR-PHLX-2012-68] Self.... Introduction On May 15, 2012, NASDAQ OMX PHLX LLC (``Exchange'' or ``PHLX'') filed with the Securities and Exchange Commission (``Commission''), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...
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BERRIDGE, CLARA
2016-01-01
Passive monitoring technology is beginning to be reimbursed by third-party payers in the United States of America. Given the low voluntary uptake of these technologies on the market, it is important to understand the concerns and perspectives of users, former users and non-users. In this paper, the range of ways older adults relate to passive monitoring in low-income independent-living residences is presented. This includes experiences of adoption, non-adoption, discontinuation and creative ‘misuse’. The analysis of interviews reveals three key insights. First, assumptions built into the technology about how older adults live present a problem for many users who experience unwanted disruptions and threats to their behavioural autonomy. Second, resident response is varied and challenges the dominant image of residents as passive subjects of a passive monitoring system. Third, the priorities of older adults (e.g. safety, autonomy, privacy, control, contact) are more diverse and multi-faceted than those of the housing organisation staff and family members (e.g. safety, efficiency) who drive the passive monitoring intervention. The tension between needs, desires and the daily lives of older adults and the technological solutions offered to them is made visible by their active responses, including resistance to them. This exposes the active and meaningful qualities of older adults’ decisions and practices. PMID:28239211
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-14
... PHLX. BX, NASDAQ, PHLX and NES are affiliates. Accordingly, the affiliate relationship between PHLX and... conflicts of interest between an exchange's self-regulatory obligations and its commercial interests.\\7\\ \\7...). Recognizing that the Commission has previously expressed concern regarding the potential for conflicts of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-01-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-61261; File No. SR-BX-2009-086] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Relating to the Minimum Trading Increments on the Boston Options Exchange Facility December 30, 2009. Pursuant to Section 19(b)(1) of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-09-09
... Permit Concurrent Listing of $2.50 and $1 Strikes on MNX Options September 2, 2010. Pursuant to Section... concurrently list $2.50 and $1 strikes on Mini- Nasdaq-100 Index (``MNX'') options, and that certain listing parameters only apply to $1 strikes on MNX options. The text of the proposed rule change is available from...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65867; File No. SR-BX-2011-080] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Modify Its Optional Anti-Internalization Functionality December 2, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71169; File No. SR-PHLX-2013-127] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Definition of ``System Securities'' in PSX Rule 3301(b) December 20, 2013. Pursuant to Section 19(b)(1) of the Securities...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65779; File No. SR-Phlx-2011-152] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Perform a Test of Routing Functionality November 17, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63416; File No. SR-BX-2010-083] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing of Proposed Rule Change Relating to The Price Improvement... Items I and II below, which Items have been prepared by the self-regulatory organization. The Commission...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-30
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71177; File No. SR-Phlx-2013-106] Self... on Proposed Rule Change To Amend Rules 1064 and 1080 to More Specifically Address the Number and Size..., NASDAQ OMX PHLX LLC (``Phlx'' or ``Exchange'') filed with the Securities and Exchange Commission...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-26
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69196] Order Granting a Limited Exemption From... to Regulation M Rule 102(e) March 20, 2013. The Securities and Exchange Commission (``Commission...\\ In connection with the Program, an MQP Company \\2\\ may list an eligible MQP Security \\3\\ on NASDAQ...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-22
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-70630; File No. SR-Phlx-2013-96] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Table of Contents of the Pricing Schedule October 8, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (`...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-02
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change To Expand the Number of Components in the PHLX Gold/Silver Sector\\SM\\ Known as XAU\\SM\\, on Which Options Are Listed and... Act of 1934 (``Act'') \\1\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to expand the number of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-12
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-67147; File No. SR-Phlx-2012-72] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Delay the Implementation Date for its Excess Order Fee June 6, 2012. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (`...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-12-15
...\\ and Rule 19b-4 thereunder,\\2\\ a proposed rule change to introduce the Minimum Life Order as new order... proposes, by amending its rules to add Rule 3301(f)(11), to introduce the Minimum Life Order as a new order...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Order Granting Approval of Proposed Rule Change, as Modified...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-14
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To... Exchange Commission (``Commission'') the proposed rule change as described in Items I, II and III below... comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-27
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-71168; File No. SR-BX-2013-064] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Definition of ``System Securities'' in BX Rule 4751(b) December 20, 2013. Pursuant to Section 19(b)(1) of the Securities Exchange...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-30
... expiration month and series for each class of approved stock index options, and that the Exchange may open... to the rules in place for the listing of expiration months and series in stock or exchange-traded-fund (``ETF'') options.\\4\\ \\4\\ See Phlx Rule 1012(a)(1)(A); see also Nasdaq Rules Chapter IV, Section 6...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-11-23
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65780; File No. SR-BX-2011-076] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Perform a Test of Routing Functionality November 17, 2011. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\...
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The endogenous dynamics of financial markets: Interaction and information dissemination
NASA Astrophysics Data System (ADS)
Yang, ChunXia; Hu, Sen; Xia, BingYing
2012-06-01
We investigate the process that different interactions between investors will prompt information to propagate along a differentiated path and construct a financial market model. As information spreads, increasingly investors are attracted to participate in trading, then the “herding effect” is magnified gradually, which will induce the topology of market network to change and the price to fluctuate. Especially, under different initial conditions or parameters, the peak and fat-tail property is produced and the obtained statistic values coincide with empirical results: the power-law exponents between the peak value of return probability distribution and the time scales range from 0.579 to 0.747, and the exponents between the accumulation distribution and the return on the tail are close to 3. Besides, the extent of volatility clustering in our produced price series is close to that of S&P 500 and locates between NASDAQ and HSI. All the results obtained here indicate that the continuous variation of the “herding effect” resulting from information propagation among interacting investors may be the origin of stylized facts of price fluctuations.
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-06-27
... (also known as origin code) refers to the participant types listed in Rule 1080.08(b) and Rule 1000(b..., and, therefore, is referring to the participant origin codes in Rule 1080.08(b) only. The proposed...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change Relating to Which...
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Salient features of dependence in daily US stock market indices
NASA Astrophysics Data System (ADS)
Gil-Alana, Luis A.; Cunado, Juncal; de Gracia, Fernando Perez
2013-08-01
This paper deals with the analysis of long range dependence in the US stock market. We focus first on the log-values of the Dow Jones Industrial Average, Standard and Poors 500 and Nasdaq indices, daily from February, 1971 to February, 2007. The volatility processes are examined based on the squared and the absolute values of the returns series, and the stability of the parameters across time is also investigated in both the level and the volatility processes. A method that permits us to estimate fractional differencing parameters in the context of structural breaks is conducted in this paper. Finally, the “day of the week” effect is examined by looking at the order of integration for each day of the week, providing also a new modeling approach to describe the dependence in this context.
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-07
... 1000'') and specified Exchange Traded Products (``ETP'') to the pilot rule. The text of the proposed...\\ Changes are marked to the rule text that appears in the electronic manual of NASDAQ found at http... last-sale price disseminated by a network processor over a five minute rolling period measured...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-03-22
... to handle the additional traffic associated with the listing and trading of $1 strikes where the...-Regulatory Organizations; NASDAQ OMX PHLX, Inc.; Notice of Filing of Proposed Rule Change To Establish Strike... 1012 (Series of Options Open for Trading) to establish strike-price intervals for options on Index...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-20
... compete with the algorithms that member firms and other market participants currently use to achieve VWAP... orders generated by market participants that may choose to use a competing algorithm. IV. Procedure... offer trading algorithms that would compete with other market participants would impose an undue burden...
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Two paths from lab to market: Product and standard
NASA Astrophysics Data System (ADS)
Knapp, Robert H.
2018-01-01
To shed light on the movement of sustainable technologies from basic science to widespread use, this chapter describes key aspects of the quite different paths followed by two important examples—photovoltaics (a product) and passive-house buildings (a standard). Discussion of photovoltaics includes the experience curve concept, the increasing significance of balance-of-system costs, and the importance of market heterogeneity (niches and sub-national markets) to the long-term trajectory of major cost reductions. Discussion of passive-houses highlights the array of technical developments needed for present-day energy efficient houses, and the relevance of "stretch" standards to the development of a market for very high-performance houses.
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-09-07
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-65226; File No. SR-BX-2011-059] Self-Regulatory Organizations; NASDAQ OMX BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Change the Name of the BX Ouch BBO Feed to the BX MatchView Feed and To Modify Its Contents August 30, 2011. Pursuant to Section 19(b)(1) of...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63905; File No. SR-Phlx-2011-17] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish and Adopt Fees for the New Short Sale Monitor Service and PSX Data Add-On February 14, 2011. Pursuant to Section 19(b)(1) of th...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-10-19
..., particularly in times of market stress, and exacerbate market volatility.\\8\\ \\7\\ See BATS Letter at 2; Deutsche... Volatility Guard to work within the parameters of the recently adopted single-stock circuit breakers, and to... of individual exchange volatility moderators in times of market stress. In addition, as noted above...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-26
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-68960; File No. SR-Phlx-2013-09] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change To Enhance the Functionality Offered on Its Options Floor Broker Management System (``FBMS'') by, Among Other Things, Automating Functions Currently Performed by Floor...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-19
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing of Proposed Rule Change Relating To Extend the Cut-Off Time... Deliveries) of the Rules of the Boston Options Exchange Group, LLC (``BOX'') to extend the cut-off time to... proposed rule change is to amend Chapter VII, Section 1 of the BOX Trading Rules to extend the cut-off time...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-02-18
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63907; File No. SR-BX-2011-008] Self-Regulatory Organizations; NASDAQ OMX BX; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish and Adopt Fees for the New Short Sale Monitor Service and BX Data Add-On February 14, 2011. Pursuant to Section 19(b)(1) of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-04
... Rule Change and Amendment Nos. 1 and 2 Thereto Relating to Fees for Routing to Away Markets July 29... assessed for options orders entered into NOM but routed to and executed on away markets (``routing fees... order router. Each time NOS routes to away markets NOS is charged a $0.06 clearing fee and, in the case...
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Future of the transdermal drug delivery market--have we barely touched the surface?
Watkinson, Adam C; Kearney, Mary-Carmel; Quinn, Helen L; Courtenay, Aaron J; Donnelly, Ryan F
2016-01-01
Transdermal drug delivery is the movement of drugs across the skin for absorption into the systemic circulation. Transfer of the drug can occur via passive or active means; passive transdermal products do not disrupt the stratum corneum to facilitate delivery whereas active technologies do. Due to the very specific physicochemical properties necessary for successful passive transdermal drug delivery, this sector of the pharmaceutical industry is relatively small. There are many well-documented benefits of this delivery route however, and as a result there is great interest in increasing the number of therapeutic substances that can be delivered transdermally. This review discusses the various transdermal products that are currently/have been marketed, and the paths that led to their success, or lack of. Both passive and active transdermal technologies are considered with the advantages and limitations of each highlighted. In addition to marketed products, technologies that are in the investigative stages by various pharmaceutical companies are reviewed. Passive transdermal drug delivery has made limited progress in recent years, however with the ongoing intense research into active technologies, there is great potential for growth within the transdermal delivery market. A number of active technologies have already been translated into marketed products, with other platforms including microneedles, rapidly progressing towards commercialisation.
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-20
... Regulation NMS Plan to Address Extraordinary Market Volatility or February 4, 2014. The Exchange will... of operations of the Regulation NMS Plan to Address Extraordinary Market Volatility or February 4... periods of extraordinary market volatility in S&P 500 stocks.\\3\\ The rules require the Listing Markets \\4...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-01-30
... for routing and executing certain orders in equity options to away markets. Currently, the fees for... plus the away market transaction fee as noted below. Today, the Exchange calculates Routing Fees by... routing orders to away markets plus the away market's transaction fee. With respect to the fixed costs...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-10-03
... available through the SQF Port to provide them the necessary information to perform market making activities... their market making business at a firm level regardless of factors. If a NOM Participant does not have... Port, the SQF Port is utilized particularly by NOM Market Makers in connection with their market making...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-21
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change to Its Schedule of... Securities and Exchange Commission (``SEC'' or ``Commission'') the proposed rule change as described in Items... this notice to solicit comments on the proposed rule change from interested persons. \\1\\ 15 U.S.C. 78s...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-05-08
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-69498; File No. SR-Phlx-2013-42] Self... Securities Exchange Act of 1934 (the ``Act'') \\2\\ and Rule 19b-4 thereunder,\\3\\ notice is hereby given that, on April 23, 2013, NASDAQ OMX PHLX LLC (the ``Exchange'' or ``Phlx'') filed with the Securities and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-13
...-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change To Adopt New Exchange... Exchange proposes to adopt a new Exchange Rule 1047(f)(iv) to provide for how the Exchange proposes to... 1. Purpose The Exchange proposes to adopt Exchange Rule 1047(f)(iv) \\3\\ to provide for how the...
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26 CFR 1.1296-2 - Definition of marketable stock.
Code of Federal Regulations, 2010 CFR
2010-04-01
... 26 Internal Revenue 11 2010-04-01 2010-04-01 true Definition of marketable stock. 1.1296-2 Section... Definition of marketable stock. (a) General rule. For purposes of section 1296, the term marketable stock means— (1) Passive foreign investment company (PFIC) stock that is regularly traded, as defined in...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-06-20
... Proposed Rule Change To Adopt a Market Order Spread Protection Feature June 14, 2011. Pursuant to Section... Market (``NOM'') to amend Chapter VI, Trading Systems, Section 1, Definitions, to adopt a Market Order...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-08-16
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-62678; File No. SR-Phlx-2010-108] Self-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NASDAQ OMX PHLX, Inc. Relating to a Proposed Price Improvement System, Price Improvement XL (PIXL\\SM\\) August 10, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-03-14
... Organizations; NASDAQ OMX BX, Inc.; Notice of Filing of Proposed Rule Change To Adopt Chapter V, Section 3(d... proposes to adopt a new Chapter V, Section 3(d)(iii) to provide for how the Exchange proposes to treat... Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to adopt Chapter V, Section 3...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-15
... SECURITIES AND EXCHANGE COMMISSION [Release No. 34-63509; File No. SR-Phlx-2010-157] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change, as Modified by Amendment No. 1, Relating to Complex Orders December 9, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\\1\\ and Rule...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-14
... important Exchange function to provide an opportunity to all market participants to trade against Customer... traded under the symbol MNX (``MNX'') as follows: Non-NOM market NOM market Customer Professional Firm... order resting on the NOM book. [[Page 35733
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-17
... reverse repurchase agreements (the ``Financial Instruments''), and money market instruments, including, but not limited to, U.S. government securities and repurchase agreements (the ``Money Market... securities and/or Financial Instruments and Money Market Instruments, or (ii) represent commodity pool...
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Consentaneous Agent-Based and Stochastic Model of the Financial Markets
Gontis, Vygintas; Kononovicius, Aleksejus
2014-01-01
We are looking for the agent-based treatment of the financial markets considering necessity to build bridges between microscopic, agent based, and macroscopic, phenomenological modeling. The acknowledgment that agent-based modeling framework, which may provide qualitative and quantitative understanding of the financial markets, is very ambiguous emphasizes the exceptional value of well defined analytically tractable agent systems. Herding as one of the behavior peculiarities considered in the behavioral finance is the main property of the agent interactions we deal with in this contribution. Looking for the consentaneous agent-based and macroscopic approach we combine two origins of the noise: exogenous one, related to the information flow, and endogenous one, arising form the complex stochastic dynamics of agents. As a result we propose a three state agent-based herding model of the financial markets. From this agent-based model we derive a set of stochastic differential equations, which describes underlying macroscopic dynamics of agent population and log price in the financial markets. The obtained solution is then subjected to the exogenous noise, which shapes instantaneous return fluctuations. We test both Gaussian and q-Gaussian noise as a source of the short term fluctuations. The resulting model of the return in the financial markets with the same set of parameters reproduces empirical probability and spectral densities of absolute return observed in New York, Warsaw and NASDAQ OMX Vilnius Stock Exchanges. Our result confirms the prevalent idea in behavioral finance that herding interactions may be dominant over agent rationality and contribute towards bubble formation. PMID:25029364
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-01-27
... systems or dark markets operated as Alternative Trading Systems on the other. One such disparity provides dark markets great flexibility to price differentiate between subscribers, while denying exchanges the same flexibility to differentiate between members. Furthermore, although exchanges and dark markets...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-08
... extraordinary market volatility, if adopted, applies. The text of the proposed rule change is below. Proposed... address extraordinary market volatility, if adopted, applies[April 11, 2011]. * * * * * II. Self... during periods of extraordinary market volatility in S&P 500 stocks.\\3\\ The rules require the Listing...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-07-08
... US (``NYSE Alternext,'' formerly the American Stock Exchange); and (C) the NASDAQ Stock Market... fees charged by other market centers. (iii) Routing Charges The Exchange proposes to charge the routing... administrative costs. Destination-specific fees are also based, in part, on fees charged by other market centers...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-09-16
... market making capacity must constitute a course of dealings reasonably calculated to contribute to the... registration and market making activity. The Exchange believes that the $0.02 rebate premium is equitable because that increased market making will, in turn, improve the amount of liquidity available on the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-07-01
... or function in any capacity involving market-making responsibilities in the commodity reference asset... with integrated market making and any possible misuse of non-public information. 2. Statutory Basis... investors and the public interest from concerns that may be associated with integrated market making and any...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-16
... which a limit up/limit down mechanism to address extraordinary market volatility, if adopted, applies...''), to pause trading during periods of extraordinary market volatility in S&P 500 stocks.\\3\\ The rules... market volatility, if adopted, applies.\\7\\ On June 23, 2011, the Commission approved the expansion of the...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-08-08
.... During pre and post-market hours, the wider Designated Percentage and Defined Limit associated with the 9... Exchange, the automated quote management functionality (``AQ'') offered by these rules is designed to help Exchange market makers meet the enhanced market maker obligations adopted post May 6, 2010,\\6\\ and avoid...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-05-24
... Organizations; Notice of Filing of a Proposed Rule Change by NASDAQ OMX BX, Inc. To Adopt Rule 4120(a)(11) Concerning Individual Stock Trading Pauses and To Adopt Related IM-4120-3 May 19, 2010. Pursuant to Section... Change The Exchange is filing this proposed rule change to adopt Rule 4120(a)(11) concerning individual...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-12-10
... orderly markets in accordance with this Rule. (a) Quotation Requirements and Obligations (1) No Change. (2.... (F) Quotation Creation and Adjustment. For each Issue in which a Market Maker is registered, the System shall, in the absence of a quotation that complies with this Rule entered by that Market Maker...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-20
..., Firm, Market Maker and Professional orders in equity and index options to the BATS Exchange, Inc... Market-Fees and Rebates,'' and are as follows: Exchange Customer Firm MM Professional BATS $0.55 $0.55 $0... contract for Customers, Firms, Market Makers, and Professionals but proposes to apply those fees solely to...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-02-06
... adopted the proposed changes to the market-wide circuit breakers on a pilot basis for a period that... to April 8, 2013. The proposal would delay the operative date of the market-wide circuit breaker pilot to April 8, 2013 in order for the implementation date for the market-wide circuit breaker pilot...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-13
... Proposed Rule Change Relating to NOM Penny and Non-Penny Pilot Options December 9, 2013. Pursuant to... proposes to amend the NOM Market Maker \\3\\ Non-Penny Pilot Options \\4\\ Fee for Removing Liquidity and the NOM Market Maker Rebate to Add Liquidity in Penny Pilot Options.\\5\\ \\3\\ The term ``NOM Market Maker...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-04-13
...\\ may also be known as Gold/Silver Index. The text of the proposed rule change is available on the...-Regulatory Organizations; Notice of Filing of Proposed Rule Change by NASDAQ OMX PHLX LLC To Expand the Number of Components in the PHLX Gold/Silver Sector\\SM\\ Known as XAU\\SM\\, on Which Options Are Listed and...
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Federal Register 2010, 2011, 2012, 2013, 2014
2010-04-07
... Relating to Permitting Concurrent Listing of $3.50 and $4 Strikes for Classes in the $0.50 Strike and $1... (``Act''),\\1\\ and Rule 19b-4 \\2\\ thereunder, notice is hereby given that on March 30, 2010, NASDAQ OMX BX... interested persons. \\1\\ 15 U.S.C. 78s(b)(1). \\2\\ 17 CFR 240.19b-4. \\3\\ 15 U.S.C. 78s(b)(3)(A). \\4\\ 17 CFR 240...
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Real-Time Diffusion of Information on Twitter and the Financial Markets.
Tafti, Ali; Zotti, Ryan; Jank, Wolfgang
2016-01-01
Do spikes in Twitter chatter about a firm precede unusual stock market trading activity for that firm? If so, Twitter activity may provide useful information about impending financial market activity in real-time. We study the real-time relationship between chatter on Twitter and the stock trading volume of 96 firms listed on the Nasdaq 100, during 193 days of trading in the period from May 21, 2012 to September 18, 2013. We identify observations featuring firm-specific spikes in Twitter activity, and randomly assign each observation to a ten-minute increment matching on the firm and a number of repeating time indicators. We examine the extent that unusual levels of chatter on Twitter about a firm portend an oncoming surge of trading of its stock within the hour, over and above what would normally be expected for the stock for that time of day and day of week. We also compare the findings from our explanatory model to the predictive power of Tweets. Although we find a compelling and potentially informative real-time relationship between Twitter activity and trading volume, our forecasting exercise highlights how difficult it can be to make use of this information for monetary gain.
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-17
... process during periods of extraordinary market volatility as a pilot in S&P 500[supreg] Index stocks... Exchange LLC, The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Amex LLC, NYSE Arca, Inc... Exchanges and FINRA to include all remaining National Market System (``NMS'') stocks (``Phase III Securities...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-17
... during periods of extraordinary market volatility as a pilot in S&P 500[supreg] Index stocks (``Pause... Exchange LLC, The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Amex LLC, NYSE Arca, Inc... Exchanges and FINRA to include all remaining National Market System (``NMS'') stocks (``Phase III Securities...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-12-04
... consolidated market data and anticipate that the Fee Changes will generate enough revenue to offset the revenue... ascertain from one data source the current prices in all the markets trading Nasdaq securities. The Plan... increases, rather than 30 days, is commonly used in the market data industry, in order to provide sufficient...
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Holland, Paula; Nylén, Lotta; Thielen, Karsten; van der Wel, Kjetil A; Chen, Wen-Hao; Barr, Ben; Burström, Bo; Diderichsen, Finn; Andersen, Per Kragh; Dahl, Espen; Uppal, Sharanjit; Clayton, Stephen; Whitehead, Margaret
2011-01-01
The authors investigate three hypotheses on the influence of labor market deregulation, decommodification, and investment in active labor market policies on the employment of chronically ill and disabled people. The study explores the interaction between employment, chronic illness, and educational level for men and women in Canada, Denmark, Norway, Sweden, and the United Kingdom, countries with advanced social welfare systems and universal health care but with varying types of active and passive labor market policies. People with chronic illness were found to fare better in employment terms in the Nordic countries than in Canada or the United Kingdom. Their employment chances also varied by educational level and country. The employment impact of having both chronic illness and low education was not just additive but synergistic. This amplification was strongest for British men and women, Norwegian men, and Danish women. Hypotheses on the disincentive effects of tighter employment regulation or more generous welfare benefits were not supported. The hypothesis that greater investments in active labor market policies may improve the employment of chronically ill people was partially supported. Attention must be paid to the differential impact of macro-level policies on the labor market participation of chronically ill and disabled people with low education, a group facing multiple barriers to gaining employment.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-04-12
... investor confidence and market integrity, the Exchange designed the MQP Program to be highly transparent...), respectively. Background The proposed Market Quality Program is a voluntary program designed to promote market... obligations of listed Companies. The Rule 5300, 5400, and 5500 Series contain the specific quantitative...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-24
... as derivative instruments collateralized by Money Market Securities as described below. Quasi..., denominated in U.S. dollars or local currencies. Fixed income securities include Money Market Securities as...., Investment Company Act Release No. 9011 (Oct. 30, 1975), 40 FR 54241 (November 21, 1975). Money Market...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-10-04
... Methodology for Determining When to Halt Trading Due to Extraordinary Market Volatility September 28, 2011... determining when to halt trading in all stocks due to extraordinary market volatility. The proposal is made in... market volatility. The Exchange is proposing this rule change in consultation with other equity, options...
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Coexistence of passive and carrier-mediated processes in drug transport.
Sugano, Kiyohiko; Kansy, Manfred; Artursson, Per; Avdeef, Alex; Bendels, Stefanie; Di, Li; Ecker, Gerhard F; Faller, Bernard; Fischer, Holger; Gerebtzoff, Grégori; Lennernaes, Hans; Senner, Frank
2010-08-01
The permeability of biological membranes is one of the most important determinants of the pharmacokinetic processes of a drug. Although it is often accepted that many drug substances are transported across biological membranes by passive transcellular diffusion, a recent hypothesis speculated that carrier-mediated mechanisms might account for the majority of membrane drug transport processes in biological systems. Based on evidence of the physicochemical characteristics and of in vitro and in vivo findings for marketed drugs, as well as results from real-life discovery and development projects, we present the view that both passive transcellular processes and carrier-mediated processes coexist and contribute to drug transport activities across biological membranes.
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-06-20
... a Market Maker from designating a more aggressive offset from the National Best Bid or National Best... designates a more aggressive offset from the National Best Bid or National Best Offer, the price of a Market... more aggressive (i.e., smaller) than the Designated Percentage for any given Market Maker Peg Order...
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Federal Register 2010, 2011, 2012, 2013, 2014
2012-01-23
... principles reflected in its legislative history. If the free market should determine whether proprietary data... equitably allocated fees for market data. ``In fact, the legislative history indicates that the Congress... will not purchase in sufficient numbers. Internet portals, such as Google, impose a discipline by...
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Federal Register 2010, 2011, 2012, 2013, 2014
2013-09-26
... market value of the option strategy may be up to 20% of the Fund's overall net asset value. \\8\\ The term... strategy described in Principal Investments, the Fund may invest up to 10% of the market value of its net... market value of the option strategy may be up to 20% of the Fund's overall net asset value. In addition...
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Federal Register 2010, 2011, 2012, 2013, 2014
2011-08-19
... individual stock trading pause pursuant to the Pause Pilot on the primary listing market and those..., The NASDAQ Stock Market LLC, New York Stock Exchange LLC, NYSE Amex LLC, NYSE Arca, Inc., National...-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of...