Type:Notice
Citation:90 FR 12588
Reading Time:about 3 minutes
The Nasdaq PHLX LLC filed a proposed rule change that affects Rule Equity 7, Section 3. This rule change removes a credit previously provided to member organizations for providing liquidity through the Exchange. The proposal was filed with the Securities and Exchange Commission (SEC) and has been designated for immediate effectiveness. The SEC is seeking public comments on this proposal until April 8, 2025.
Simple Explanation
Nasdaq PHLX wants to stop giving extra money to companies that help other people buy and sell things with them. The big bosses are checking to see if this is okay and want to know what people think by April 8, 2025.