On March 5, 2025, the NYSE American LLC filed a proposed rule change with the Securities and Exchange Commission (SEC) to amend its rules for an optional routing strategy for certain order types. This change became effective immediately because it doesn't significantly impact investor protection or competition and the SEC agreed to waive the usual 30-day waiting period. The public can submit comments on this proposed rule change until April 7, 2025, and the SEC may suspend the change within 60 days if deemed necessary. All related documents can be accessed on the SEC's website.
Simple Explanation
The NYSE American wants to make a small change to how some stock orders are handled, and they did it quickly so it could start right away. People can share their thoughts about it until early April, and if needed, the change might be stopped later.