NYSE Arca Unlocks New Path for IOC Orders
Published Date: 3/17/2025
Notice
Summary
NYSE Arca 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 cost extra or create big hurdles. Traders and firms using NYSE Arca will benefit from this quicker, smarter order handling starting now.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Optional MPL-IOC Routing Available Immediately
If you trade on NYSE Arca, the exchange added an optional routing strategy for MPL-IOC orders. The proposed rule change was filed on March 5, 2025 and was designated operative upon filing so the optional routing is available to ETP Holders immediately.
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Key Dates
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Previous / Next Documents
Previous: 2025-04148, Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rules 7.31, 7.37, and 7.44
NYSE National just updated some trading rules to let certain orders use new optional routing strategies. This change affects traders using MPL-IOC and Type 1 Retail Orders and kicks in right away with no extra costs or delays. It’s a smooth move to make trading faster and smarter on the Exchange.
Next: 2025-04150, Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE Arca Options Fee Schedule To Increase Lead Market Maker Manual Transaction Fees and Remove Obsolete Text Related to the Options Regulatory Fee
Starting March 7, 2025, NYSE Arca is raising the fee for Lead Market Makers who manually execute options trades from 30 cents to 50 cents per contract. They’re also cleaning up their fee schedule by removing old, outdated info about the Options Regulatory Fee. This change affects Lead Market Makers and means a bit more cost for manual trades, effective immediately!