7 Apr 2025
⚖️NYSE Proposes Rule Change for Pre-Trade Risk Controls on Trading
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Commentary .03 to Rule 7.19
Summary
The Securities and Exchange Commission has announced a proposed amendment by the New York Stock Exchange to modify the pre-trade risk controls accessible to Floor brokers. The adjustment aims to streamline the process, allowing only member organizations to set specific controls, reinforcing their compliance and risk management responsibilities.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendment to Rule 7.19 affects the pre-trade risk controls available to Floor brokers and member organizations, which alters compliance requirements for trading activities. This change impacts how businesses manage risk and could lead to shifts in their operational procedures.