Nasdaq ISE, LLC, filed a proposed rule change with the Securities and Exchange Commission (SEC) on January 10, 2025, aiming to delay an amendment regarding Complex Order Risk Protections. This amendment involves orders that include at least one P.M.-settled leg and one A.M.-settled leg. The proposal is designated for immediate effectiveness, and the SEC is inviting public comments on whether the rule change aligns with the Securities Exchange Act of 1934. Interested parties can submit comments until February 13, 2025, and should reference file number SR-ISE-2025-04.
Simple Explanation
Nasdaq ISE is asking to wait a bit longer before making a change to how special types of trading orders are protected, and the people in charge are asking everyone what they think about this idea.