19 Sep 2025
📈Nasdaq Proposes Rule Change for Quotation Data Sources
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 4759 (Data Feeds Utilized) To Establish a Primary and Secondary Source of Quotation Data of a New Market Center
Summary
The Securities and Exchange Commission has published a notice regarding Nasdaq's proposed amendment to Equity 4, Rule 4759, establishing new primary and secondary sources of quotation data from a new market center. This change aims to enhance market transparency and operational efficiency in the handling and execution of orders.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change establishes a new primary and secondary data source for quotation data, which could affect market operations for businesses that rely on accurate financial data. This change promotes transparency and may influence the competitiveness of market participants.