5 Sep 2025
📈NYSE Arca's Proposed Rule Change on Market Orders
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 6.62P-O
Summary
The Securities and Exchange Commission has published a notice regarding NYSE Arca's proposed amendment to Rule 6.62P-O, which focuses on the handling of Market Orders. The amendment aims to improve execution opportunities by removing certain validation conditions that currently lead to order cancellations, thereby promoting an efficient trading environment.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to amend Rule 6.62P-O will positively impact market operations for business owners and executives by enhancing the handling of Market Orders, fostering better execution opportunities, and aligning with principles that protect investor interests.