Search Results for keywords:"stock exchange regulation"

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Search Results: keywords:"stock exchange regulation"

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  • 2021-03214 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Order Approving a Proposed Rule Change To Amend the Exchange's Rules at Equity 4, Section 4703(h) Relating to Reserve Orders
    Type:Notice
    Citation:86 FR 10141
    Reading Time:about 5 minutes

    The Securities and Exchange Commission approved a rule change proposed by The Nasdaq Stock Market LLC. This change amends Nasdaq's rules about reserve orders, which allow for certain orders to display a smaller size and replenish from an undisclosed reserve. The update clarifies how the reserve orders function when there are conflicting conditions in the Nasdaq book, ensuring they act as liquidity providers. This modification aims to remove any ambiguity and increase transparency and certainty in how reserve orders are processed.

    Simple Explanation

    The stock market police (Securities and Exchange Commission) said it's okay for Nasdaq, a big marketplace where people buy and sell shares, to change their rules. This change helps make sure that when people put their wishes to buy or sell secret amounts of shares, it works more fairly and clearly.

  • 2025-02681 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Rule 7.31-E To Adopt the Selective Midpoint Order
    Type:Notice
    Citation:90 FR 9782
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is considering a rule change proposed by NYSE Arca, Inc. to amend Rule 7.31-E and introduce something called the Selective Midpoint Order. The proposed change was announced on December 30, 2024, and the SEC received comments from the public. Normally, the SEC is supposed to decide within 45 days—by February 13, 2025—but they extended the deadline to March 30, 2025, to have more time to review everything. This extension means the SEC can choose to approve, disapprove, or continue investigating the proposal.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is thinking about letting NYSE Arca, Inc. make a new kind of trade option, like adding a new way to share your toys at school. They need more time to decide because they want to carefully check everything and hear what others think before giving their answer.