The Securities and Exchange Commission (SEC) received a proposed rule change from NYSE National, Inc. on March 5, 2025, intending to adjust rules 7.31, 7.37, and 7.44. These amendments would allow optional routing strategies for specific orders on the exchange. The Commission has approved the change to be active immediately, bypassing the typical 30-day wait period, as it is deemed beneficial for investors and the public interest. The SEC is inviting public comments until April 7, 2025, regarding whether this proposed change aligns with the aims of the Securities Exchange Act of 1934.
Simple Explanation
NYSE National, Inc. wants to make some changes to how people can buy and sell shares, and these new rules are being allowed to start right away because they're thought to be good for everyone. People can tell the SEC their thoughts about this change until April 7, 2025.