The Securities and Exchange Commission (SEC) announced that the Cboe EDGX Exchange, Inc. submitted a proposed rule change to alter how it processes certain stock orders. This change involves rounding up fractional fills from the Preferred Market-Makers' participation entitlement structure for large orders, ensuring that a participating market-maker gets at least one contract if they have priority. The SEC agreed to make these changes effective immediately, as it improves trading opportunities without introducing new regulatory issues. The public is invited to comment on this rule change until April 7, 2025.
Simple Explanation
The government said that a special stock trading place called Cboe EDGX Exchange wants to change a rule to make sure that stock helpers get at least one stock when they help buy or sell big amounts. They think this change is good for trading and will let people say what they think about it until April 7, 2025.