19 Sep 2025
📈Nasdaq BX Proposes Rule Change on Quotation Data Sources
Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 4759 (Data Feeds Utilized) To Establish a Primary and Secondary Source of Quotation Data of a New Market Center
Summary
Nasdaq BX, Inc. proposes an amendment to Equity 4, Rule 4759, establishing a primary and secondary source of quotation data from a new market center. This update involves enhancements to data feeds that assist in the handling, routing, and execution of orders, aimed at promoting market transparency and regulatory compliance practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq BX, Inc. to amend data feeds impacts compliance and regulatory practices for businesses involved in trading. By establishing primary and secondary sources of quotation data, it enhances transparency and market efficiency, which is significant for firms relying on accurate market data for compliance and trading strategies.