Search Results for citation:"86 FR 11031"

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Search Results: citation:"86 FR 11031"

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  • 2021-03544 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 3304
    Type:Notice
    Citation:86 FR 11031
    Reading Time:about 6 minutes

    Nasdaq PHLX LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to update Rule 3304, which deals with the data feeds the Exchange uses for processing orders and regulatory operations. The change will make MIAX PEARL, LLC and MEMX LLC the primary data sources, with CQS/UQDF as the secondary source. The purpose of this update is to enhance transparency and provide clearer information to market participants. The SEC is inviting public comments on this proposed change by March 16, 2021.

    Simple Explanation

    The Nasdaq PHLX is changing some technical details about how it handles stock trades to make things clearer and easier for people to understand. They want people to share their thoughts on this change by mid-March.