📈MEMX Proposal to Clarify Post Only Instruction Order Handling
The SEC has published a notice about MEMX LLC's proposed rule change to clarify the handling of orders with a Post Only instruction. This change aims to enhance transparency regarding order execution under specific circumstances, ultimately promoting market efficiency and investor protection. The proposal is expected to streamline operational practices for trading firms.
Learn More📈NYSE Proposes Amendments to Auction Reference Price Calculations
The NYSE American LLC has proposed changes to Rule 7.35E to enhance the calculation of the Auction Reference Price for various auctions. This aims to improve the accuracy of pricing by reflecting more recent trading activity, thus promoting greater transparency in the auction process and the overall marketplace. The proposed amendments are set to be implemented by the end of 2025, pending SEC approval.
Learn More📈SEC Proposed Collection on Rule 604
The SEC is soliciting comments on the proposed collection of information under Rule 604, which requires the disclosure of customer limit orders. This rule aims to enhance market transparency, helping investors access better execution prices and facilitating a national market system for securities.
Learn More⏰FINRA Proposes Rule Change to Extend Trade Reporting Hours
The Financial Industry Regulatory Authority (FINRA) proposes to amend its rules to extend the operating hours of its Trade Reporting Facilities from 8 a.m. to 4 a.m. Eastern Time. This change aims to facilitate real-time reporting and public dissemination of OTC trades in National Market System stocks executed during early morning hours, enhancing market transparency.
Learn More📈SEC Proposes Rule Changes for Trading Options on Commodity Trusts
The SEC is considering amendments to Rule 402, allowing the listing and trading of options on Commodity-Based Trust Shares. This proposal aims to enhance market transparency and provide investors with better hedging strategies and access to commodity investments through standardized options trading. Public comments are invited as part of the evaluation process.
Learn More📈SEC Notice on FINRA Rule 6152
The SEC has announced an extended review period for FINRA's proposed Rule 6152, which mandates publishing order execution information for NMS stocks. This rule aims to enhance market transparency, requiring members to submit execution reports for public access on the FINRA website.
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