SEC Takes Extra Time to Okay New Options Trading Platform
Published Date: 8/25/2025
Notice
Summary
MX2 LLC wants to start a new options trading platform called MX2 Options and has asked the SEC to approve rules for it. The SEC needs more time to review the plan, so they extended their decision deadline to October 5, 2025. This affects traders and investors who might use the new platform once it’s approved.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
SEC Extends Decision Deadline to Oct 5, 2025
The Securities and Exchange Commission extended its 45-day review period and set October 5, 2025 as the date by which it will approve, disapprove, or institute proceedings on MX2 LLC's proposed rule change (File No. SR-MX2-2025-01). The original 45th day after publication was August 21, 2025; the extension gives the Commission more time to consider the proposal.
Proposed Rules to Govern MX2 Options Trading
On June 18, 2025, MX2 LLC filed a proposed rule change to adopt rules governing the trading of options on a new facility called MX2 Options (published July 7, 2025; File No. SR-MX2-2025-01). If the Commission approves the proposal, those rules would govern how options are traded on the new MX2 Options facility.
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