In a notice published by the Securities and Exchange Commission, NYSE National, Inc. proposed a change to its rules regarding how certain retail stock orders are handled. The Exchange plans to introduce an optional strategy called the Retail Price Improvement Seeking routing strategy for Type 1 Retail Orders, which aims to give such orders a chance for better pricing both within the Exchange and on the New York Stock Exchange. This change is expected to benefit retail investors by offering greater opportunities for price improvement and increased competition among trading venues. The commission is seeking comments from the public on this proposal before deciding whether to approve it.
Simple Explanation
NYSE National wants to change how stores and shops find the best prices for people buying stocks. They want to make sure these buyers can get better prices and make shopping for stocks more fair and fun.