25 Jun 2025
📈SEC Notice on NYSE Arca Proposed Rule Change for Trading Orders
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
Summary
The SEC has designated a longer period for review of NYSE Arca's proposed rule change to adopt a Selective Midpoint Order. This notice follows the filing of the proposal and aims to allow sufficient time for consideration of public comments before any approval or disapproval is issued, emphasizing regulatory diligence in trading practices.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulation outlines a proposed rule change from NYSE Arca regarding trading orders, implicating compliance and regulatory requirements for businesses engaged in trading. This affects trading practices and financial operations, reflecting potential shifts in market mechanisms.