The Securities and Exchange Commission (SEC) is evaluating a proposed amendment to the National Market System Plan for the Consolidated Audit Trail, which tracks trading activity. This amendment, known as the "Verbal Quotes Amendment," changes how certain verbal and trading activities are reported. Initially published for public comment in August 2024, the SEC has extended its decision deadline to April 17, 2025, to ensure thorough consideration of the proposed changes and any public feedback received.
Simple Explanation
The people in charge of watching and understanding how trades are made in the stock market want to change some rules about how they listen to and watch these trades. They need more time, until April 17, 2025, to think carefully about these new rules and hear what others think about them too.