14 Mar 2025
🔍Proposed Rule Change to Retire Proprietary Calculation by IEX
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend IEX Rule 11.190 To Retire One of the Two Proprietary Mathematical Calculations the Exchange Utilizes To Assess the Probability of an Imminent Change to the Protected Quotation
Summary
The Securities and Exchange Commission published a notice regarding a proposed rule change by Investors Exchange LLC, which aims to retire one of its proprietary mathematical calculations for assessing quotation probability. This amendment is designated for immediate effectiveness and is open for public comments to ensure alignment with regulatory standards.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content outlines a proposed rule change by Investors Exchange LLC to retire a proprietary mathematical calculation affecting quotation assessments. This change could impact trading strategies and risk management for businesses utilizing IEX services, necessitating compliance and possible adjustments in operational protocols.