SEC Delays Decision on Miami's Commodity Trading Options
Published Date: 5/1/2025
Notice
Summary
The Miami International Securities Exchange wants to let people trade options on new types of investments called Commodity-Based Trust Shares. The SEC is taking extra time to review this change carefully before giving the green light. This affects traders and investors who might see new opportunities soon, but no money changes hands yet.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Proposal to List Options on Commodity Trusts
You could see new options available to trade on Commodity-Based Trust Shares if the Miami International Securities Exchange (MIAX) proposal is approved. MIAX filed the proposal on March 5, 2025 (with a partial amendment on March 11, 2025) to amend Exchange Rule 402 to list and trade options on Commodity-Based Trust Shares.
SEC Extends Review Deadline to June 17, 2025
The Securities and Exchange Commission extended the 45-day review period for MIAX's proposed rule change so the Commission will act by June 17, 2025 (the original 45th day was May 3, 2025). This delays a final decision on whether options on Commodity-Based Trust Shares can be listed and traded on MIAX until that date.
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Previous / Next Documents
Previous: 2025-07497 — Self-Regulatory Organizations; NYSE American LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 915 To Permit Options on Commodity-Based Trust Shares
NYSE American wants to let people trade options on Commodity-Based Trust Shares, which are special investment products. The SEC is taking extra time—until June 12, 2025—to decide if this change is a go. This affects investors and traders who like options and could open new ways to invest in commodities.
Next: 2025-07499 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 19.3 To Permit the Listing of Options on Commodity-Based Trust Shares
Cboe EDGX wants to let people trade options on Commodity-Based Trust Shares, but the SEC needs more time to decide if that’s a good idea. This delay means the SEC will make a final call by June 17, 2025. Investors and traders should keep an eye out because this change could open new ways to trade and possibly affect market opportunities.