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.
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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