17 Mar 2025
📈NYSE Proposes Rule Change for Optional Routing Strategy
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rules 7.31 and 7.37
Summary
The Securities and Exchange Commission has published a notice regarding the New York Stock Exchange's proposed amendments to Rules 7.31 and 7.37, which would introduce an optional routing strategy for MPL-IOC orders. The community is invited to comment on these amendments.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend NYSE Rules 7.31 and 7.37 introduces an optional routing strategy for orders, impacting trading operations and compliance for businesses involved in the securities market. This change requires businesses to adapt their trading strategies and comply with new regulations.