18 Jul 2025
📈Clarification of Exchange Rule 2611
Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Make Clarifying Changes to Exchange Rule 2611, Odd and Mixed Lots
Summary
The Securities and Exchange Commission announces changes to Exchange Rule 2611 by MIAX Pearl, aimed at clarifying regulations on odd and mixed lots. This includes removing misleading terminology and enhancing rule references to aid in compliance and understanding. The changes seek to reduce confusion for market participants and ensure smoother operational processes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change clarifies Exchange Rule 2611 related to order timestamps, enhancing regulatory compliance for businesses involved in trading. By reducing confusion and improving transparency, the exchange aims to facilitate smoother operations for market participants, which benefits business owners.