31 Mar 2025
⚖️Proposed Rule Change on Periodic Auction Orders by Cboe BYX Exchange
Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend Exchange Rule 11.25(e) To Allow Users To Utilize the Exchange's Match Trade Prevention Functionality When Entering Periodic Auction Orders Onto the Exchange for Execution
Summary
The Cboe BYX Exchange has filed a proposed rule change to amend Exchange Rule 11.25(e) to allow users to utilize Match Trade Prevention (MTP) functionality for Periodic Auction Orders. This change aims to enhance order management by providing users with tools to prevent undesirable trading activities, fostering increased participation and liquidity in Periodic Auctions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The content discusses proposed regulatory changes to allow Match Trade Prevention (MTP) functionality in Periodic Auction Orders, impacting compliance and trading strategies for firms. This includes adjusting risk management practices to prevent undesirable trading activities, which directly affects business operations within the securities industry.