30 Jul 2025
📈Cboe EDGX Exchange's Proposed Changes for Retail Orders
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 11.21 To Allow an RMO To Enter a Retail Order Onto the Exchange in a Principal Capacity
Summary
The SEC has published a notice regarding Cboe EDGX Exchange's proposed rule change to amend Rule 11.21, allowing Retail Member Organizations to enter retail orders in a principal capacity under new compliance requirements. The Commission has extended the decision timeline to allow further consideration of the proposal and its implications for the trading landscape.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulation introduces new compliance requirements for Retail Member Organizations (RMOs) regarding retail orders, necessitating changes in their policies and procedures. This impacts business operations and risk management strategies for firms involved in retail trading.