18 Aug 2025
📈NYSE Proposes Amendments to Order Routing Rule 7.37
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.37
Summary
The NYSE proposes to amend Rule 7.37, allowing order routing to additional Away Markets not displaying protected quotations. This change aims to promote optional routing functionality, enhance trading opportunities for member organizations, and improve market transparency, aligning rules with affiliated exchanges. Comments from the public on the rule change are solicited by the SEC.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 7.37 allows eligible orders to route to Away Markets not displaying protected quotations, fostering optionality for member organizations. This flexibility can enhance trading opportunities and potentially improve liquidity, directly impacting business operations and market strategy.