Search Results for keywords:"Selective Midpoint Order"

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Search Results: keywords:"Selective Midpoint Order"

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  • 2024-30916 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
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    Type:Notice
    Citation:89 FR 106630
    Reading Time:about 32 minutes

    The Securities and Exchange Commission has issued a notice about a proposed rule change by NYSE Arca, Inc. This rule aims to replace the Discretionary Pegged Order with a new order type called the Selective Midpoint Order (SeMi Order). The SeMi Order will use a machine-learning model to improve price protection during volatile market conditions. This proposed change seeks to enhance the flexibility and functionality of trading strategies for market participants while maintaining fair and open market practices.

    Simple Explanation

    The Securities and Exchange Commission has announced a new plan to change how some stock orders work using a smart robot helper to make it easier to buy and sell stocks when the market gets bumpy. This new plan is meant to make trading fairer and more flexible for everyone.

  • 2025-02681 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
    Type:Notice
    Citation:90 FR 9782
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is considering a rule change proposed by NYSE Arca, Inc. to amend Rule 7.31-E and introduce something called the Selective Midpoint Order. The proposed change was announced on December 30, 2024, and the SEC received comments from the public. Normally, the SEC is supposed to decide within 45 days—by February 13, 2025—but they extended the deadline to March 30, 2025, to have more time to review everything. This extension means the SEC can choose to approve, disapprove, or continue investigating the proposal.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is thinking about letting NYSE Arca, Inc. make a new kind of trade option, like adding a new way to share your toys at school. They need more time to decide because they want to carefully check everything and hear what others think before giving their answer.