2025-18675Notice

Nasdaq PHLX Adds CORE FIX for Faster Stock Orders

Published Date: 9/26/2025

Notice

Summary

Nasdaq PHLX is adding a new way to send stock orders called the CORE FIX protocol, making trading smoother and faster for brokers and traders. This change updates some existing rules but doesn’t cost extra or change other parts of the system. It’s effective immediately, so market players can start using CORE FIX right away!

No Economic Impacts Identified for this Document

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Key Dates

Effective Date
Published Date
9/12/2025
9/26/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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