22 Apr 2025
📈Proposed Rule Changes for Market Makers on NYSE Texas
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 1.1, Reinstate Article 16, Rules 1 Through 4 and Relocate Them
Summary
The Securities and Exchange Commission published a notice regarding NYSE Texas's proposed rule changes to reintroduce and update market maker regulations. Key amendments include new definitions and operational standards, which aim to enhance market quality, competitiveness, and investor protection while aligning with affiliated exchanges' rules.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The regulatory notice outlines significant amendments to market maker rules on the NYSE Texas, which directly affect how market makers must operate, their registration requirements, and their obligations. This impacts businesses involved in trading as they will need to adapt to new compliance measures and may find opportunities to enhance liquidity and market quality.