10 Feb 2025
📈Nasdaq Approves New Rule for Halt Auction Processes
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Granting Approval of a Proposed Rule Change To Amend Equity 4 To Establish Halt Cross Price Protections and Make Other Related Changes
Summary
The Nasdaq Stock Market is implementing new regulations to enhance trading halt processes, establishing price protections and modifying auction procedures. These changes aim to ensure that securities are appropriately priced during trading halts, improve price discovery, and maintain market integrity through enhanced mechanisms consistent with current practices for LULD and MWCB halts.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document outlines regulatory changes to halt trading processes on the Nasdaq, implementing price cross protections aimed at minimizing price volatility and improving trading efficiency. This impacts business owners and executives by introducing compliance requirements and potentially influencing trading strategies for securities.