18 Mar 2025
📈SEC Notice on Nasdaq ISE FLEX Trading Rules Amendment
Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Its FLEX Trading Rules
Summary
Nasdaq ISE has filed a proposed rule change to clarify the handling of FLEX orders when the auction period extends beyond market closing. The Securities and Exchange Commission invites comments on this immediate effectiveness filing, highlighting its significance for regulatory compliance and operational considerations in trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq ISE affects the handling of FLEX orders around market close, which may influence trading strategies and operational compliance for businesses involved in trading. This necessitates adjustment in practices for affected business owners.