Search Results for keywords:"Rule 7.37"

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.

The New York Stock Exchange LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC) on March 5, 2025, to amend Rules 7.31 and 7.37. The proposed changes aim to introduce an optional routing strategy for MPL-IOC Orders, which are a type of order on the exchange. The SEC is inviting public comments on whether this proposed change aligns with the Securities Exchange Act of 1934 and has set a deadline for submissions by April 7, 2025. Comments can be submitted via an internet form or email, and all submissions will be available for public viewing on the SEC's website.