5 Aug 2025
📈NYSE Proposes Rule Change for Data Feed Clarity in Trading
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.37 To Specify the Exchange's Source of Data Feeds
Summary
The New York Stock Exchange (NYSE) has proposed a rule change to amend Rule 7.37, specifying its primary data source for order handling and execution will be from 24X National Exchange. This move aims to enhance transparency and compliance within trading operations, aligning with market participants' interests. The proposed changes will become effective upon the launch of 24X on September 29, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change clarifies the data feeds NYSE will use for order handling and execution, impacting compliance and operational practices for business owners and executives involved in securities trading and investment. This specificity enhances transparency and may affect trading strategies and risk management.