5 Jun 2025
📈NYSE Proposes Rule Change to Enhance Pillar Depth Market Data
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Enhance the Content of the NYSE Pillar Depth Market Data Product
Summary
The NYSE has proposed changes to enhance the Pillar Depth market data product, aiming to provide improved content including Auction Imbalance Information. This enhancement is designed to offer a consolidated view of market data and increase transparency, competing effectively with existing products from other exchanges.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes regarding the NYSE Pillar Depth market data product will enhance transparency and competition in market data feeds, enabling businesses to make more informed trading decisions. The inclusion of Auction Imbalance Information could impact trading strategies and data usage costs for financial market participants.