10 Sep 2025
📈Cboe EDGX Proposed Rule Amendments for Retail Orders
Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Rule 11.21 To Allow an RMO To Enter a Retail Order Onto the Exchange in a Principal Capacity
Summary
The Securities and Exchange Commission has initiated proceedings on Cboe EDGX's proposed amendments, allowing Retail Member Organizations to enter Retail Orders in a principal capacity. This change aims to enhance price execution for retail customers by permitting RMOs to provide additional price improvements, thus reshaping trading practices within the exchange structure.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines regulatory changes allowing Retail Member Organizations (RMOs) to enter Retail Orders on the Exchange in a principal capacity. This enhances their ability to provide price improvements for retail customers, directly affecting trading practices and compliance requirements for businesses in the financial sector.