The Securities and Exchange Commission (SEC) announced proposed changes to the Consolidated Tape Association (CTA) and Consolidated Quotation (CQ) Plans on regulatory and operational halts in trading. These changes, outlined in the Thirty-Sixth Amendment to the CTA Plan and the Twenty-Seventh Amendment to the CQ Plan, aim to give the Primary Listing Market the authority to declare trading halts during issues like system outages or significant market disruptions. The SEC is seeking public comments on these proposed revisions. The proposed amendments ensure trading resumes in a fair manner after any disruptive events.
Simple Explanation
The document is about a group that helps keep track of stock prices wanting to change the rules so that when there are big problems with the stock market, like a computer glitch, the main stock exchange can stop trading for a while to make things fair. They want people to tell them what they think about these changes.