18 Mar 2025
📈Nasdaq PHLX Rule Change on Liquidity Credit Impacting Members
Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule Equity 7, Section 3
Summary
The Securities and Exchange Commission announces a filing by Nasdaq PHLX LLC to amend Rule Equity 7, Section 3, which proposes the removal of a liquidity credit for member organizations. This proposed change is set for immediate effectiveness and invites public comments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by Nasdaq PHLX LLC removes a credit for member organizations providing liquidity, which could impact transaction costs and market competitiveness for businesses utilizing the Exchange.