NYSE Arca's Midpoint Order Idea Faces Extended SEC Review
Published Date: 2/18/2025
Notice
Summary
NYSE Arca wants to add a new type of order called the Selective Midpoint Order to their trading rules, which could change how trades happen on their exchange. The SEC is taking extra time, until March 30, 2025, to review this idea carefully because they got some comments from the public. This affects traders using NYSE Arca and could impact how quickly and cheaply trades get done.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
NYSE Arca Proposes New Selective Midpoint Order
NYSE Arca filed a proposal on December 18, 2024, and published for comment on December 30, 2024, to add a new order type called the Selective Midpoint Order to Rule 7.31-E. The proposal could affect traders who use NYSE Arca and could change how trades happen on that exchange. The SEC has set March 30, 2025 as the date by which it will act on the proposal.
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