Securities and Exchange Commission (SEC)

Rule Changes

Published the proposed rule change for public comment

An exchange-traded product (ETP) listed on the Texas Stock Exchange (TXSE) whose issuer wants stronger liquidity support used to wait until January. Under a rule change noticed November 10, 2026, the issuer can now move that product up a tier midyear and pay only for the trading days left in the calendar.

Updated 3 hours ago

Money Moves

Approved the IPO on September 5; due to rule on the allotment proposal by November 17.

The offer closed on October 27 after a two-week extension. Reuters reported orders of about N6.4 trillion ($4.78 billion), roughly three times the N2.15 trillion base offer; the company has not confirmed the order book.

Updated Oct 30

Rule Changes

As of May 2026: Approving exchange fee changes under immediate effectiveness provisions

Options exchanges are locked in a chaotic race to recalibrate fees as their regulatory costs collide with record trading volumes. Cboe doubled its Options Regulatory Fee to $0.0002 per contract on January 2, 2026, while NYSE slashed its fee from $0.0038 to $0.0026. The whipsaw reflects a deeper crisis: exchanges collect fees based on all customer options trades cleared industrywide, not just trades on their own platforms, creating unpredictable revenue swings.

Updated May 19