SEC Proposes Extending Fast-Track Trading System Tests
Published Date: 12/23/2025
Notice
Summary
The SEC is asking for comments on extending a rule that lets certain stock market groups test new trading systems quickly by filing a special form called PILOT. About 29 groups could use this, but usually only one tries it each year, spending about 36 hours total on paperwork. This extension keeps things running smoothly without extra costs or delays, helping the SEC keep track and make sure the tests follow the rules.
No Economic Impacts Identified for this Document
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