5 Sep 2025
📈Proposed Change to Rule 900.3NYP Enhances Market Order Execution
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rule 900.3NYP
Summary
The SEC published a notice regarding NYSE American LLC's proposed rule change to amend the handling of Market Orders by eliminating a validation that resulted in order cancellations. This change is aimed at improving execution opportunities, benefiting local interests and maintaining market integrity.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed amendment to Rule 900.3NYP aims to enhance Market Order execution opportunities by removing a validation that could cancel or reject such orders. This increases the likelihood of transactions being completed effectively, which can impact trading strategies and financial performance for businesses utilizing these orders.