Nasdaq MRX, LLC has filed a proposed rule change with the Securities and Exchange Commission (SEC). This proposal aims to adjust various rules related to options trading, such as better defining certain order types, altering how responses are handled in trading mechanisms, and introducing a new type of Complex Order. The change is set to take immediate effect, but the SEC is inviting public comments until March 13, 2025, to ensure it aligns with existing laws. Interested parties can submit their feedback electronically or via mail, and all comments will be available on the SEC's website.
Simple Explanation
Nasdaq MRX, LLC wants to change some of the rules about how people trade options, which are special types of financial deals, to make them clearer and introduce new ways to trade. The Securities and Exchange Commission (SEC) is letting people share what they think about these changes until March 13, 2025.