18 Feb 2025
📈SEC Reviews NYSE Arca's Proposed Selective Midpoint Order Change
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
Summary
The Securities and Exchange Commission issued a notice regarding NYSE Arca's proposed rule change to amend its trading practices with the introduction of the Selective Midpoint Order. This change, currently under review, aims to enhance trading efficiency and market structure, and public comments are being collected for consideration.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses the SEC's consideration of a proposed rule change by NYSE Arca, which involves adopting a new trading order type. This modification may impact businesses on the Exchange by altering trading practices and market dynamics, hence affecting their operational strategies and financial implications.