2025-20536Notice

Exchange Tweaks Short Sale Data Rules Quietly

Published Date: 11/21/2025

Notice

Summary

Cboe BYX Exchange is updating its rules to make sure broker-dealers report if a stock sale order is a special kind of short sale that market makers use to keep the market fair. This change matches new national rules and kicks in right away, affecting anyone who reports trades to the Consolidated Audit Trail. No extra costs are expected, but it helps keep trading transparent and smooth.

No Economic Impacts Identified for this Document

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Key Dates

Effective Date
Published Date
9/29/2025
11/21/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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