2025-04147Notice

NYSE Chicago Tweaks Order Routes for Smoother Trades

Published Date: 3/17/2025

Notice

Summary

NYSE Chicago is updating its rules to add a new optional way to route MPL-IOC orders, making trading smoother and more flexible for market participants. This change kicks in right away and doesn’t affect investor protection or competition. Traders using these order types should see no extra costs or delays, just a smarter way to handle their trades.

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Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Optional Routing for MPL-IOC Orders

NYSE Chicago added an optional routing strategy for MPL-IOC orders, operative upon filing on March 5, 2025. Traders who use these order types can opt into the new routing method; the SEC said the change does not significantly affect investor protection or competition and should not add costs or delays.

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Key Dates

Effective Date
Published Date
3/5/2025
3/17/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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