29 Sep 2025
💰Nasdaq Introduces New Supplemental Credit for Trading Activity
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce a New Supplemental Credit for Displayed Quotes/Orders Under Equity 7, Section 118(a)(1)
Summary
The Nasdaq Stock Market LLC has proposed a new supplemental credit for members to enhance displayed quotes and orders under Equity 7, Section 118(a)(1). The credit aims to incentivize increased liquidity on the exchange, specifically through late Limit On Close orders, thereby improving overall market quality and trading dynamics.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposal introduces a new supplemental credit for liquidity providers, which could incentivize businesses to enhance their trading activities on Nasdaq, impacting their operational strategies and cost structure.