18 Aug 2025
📈NYSE American Proposes Amendments to Order Routing Rules
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rule 7.37E
Summary
The Securities and Exchange Commission has issued a notice regarding NYSE American LLC's proposed amendment to Rule 7.37E, allowing optional routing of orders to Away Markets that do not display protected quotations. This change aims to enhance market efficiency and facilitate additional trading venues, thereby promoting competition among exchanges and improving transaction opportunities for market participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows optional order routing to Away Markets not displaying protected quotations, impacting trading strategies and operational flexibility for ETP Holders. This may enhance competition and trading opportunities, directly affecting market participants.