# 2025-04338: NYSE Chicago Clears Path for New Trading Toys

2025-04338, Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing of Proposed Rule Change for Amendments to Rules 1.1, 5, 7.18, 8 and Article 22, Rules 24-27, is a Federal Register notice from Securities and Exchange Commission published 2025-03-18, effective Proposed rule change filed March 10, 2025; SEC notice dated March 12, 2025; published in the Federal Register on March 18, 2025. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-04338
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-04338
- Title: Self-Regulatory Organizations; NYSE Chicago, Inc.; Notice of Filing of Proposed Rule Change for Amendments to Rules 1.1, 5, 7.18, 8 and Article 22, Rules 24-27
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 12578
- Published: 2025-03-18
- Effective: Proposed rule change filed March 10, 2025; SEC notice dated March 12, 2025; published in the Federal Register on March 18, 2025.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

NYSE Chicago Clears Path for New Trading Toys

## Summary

NYSE Chicago is updating its rules to allow new types of Exchange Traded Products (ETPs) to be listed and traded, making things smoother and clearer by removing some old, repeated rules. These changes affect traders and investors using the Exchange and aim to align with its affiliate NYSE Arca’s standards. The updates were proposed in March 2025 and could open up fresh trading opportunities without extra costs.

## Effects PRIA read

- NYSE Chicago to List Many ETP Types: benefit, low. The Exchange proposes to allow many more kinds of Exchange-Traded Products (ETPs) to be listed and traded on NYSE Chicago by adopting listing standards based on NYSE Arca. The filing to permit these listings was submitted on March 10, 2025 and was noticed in the Federal Register on March 18, 2025.
- ETFs Added to UTP Derivative Definition: benefit, low. The Exchange proposes to amend Rule 1.1 to add Exchange-Traded Fund (ETF) Shares listed pursuant to specified rules of NYSE Arca, NYSE, Cboe BZX, and Nasdaq to the definition of "UTP Derivative Securities Product." This change was filed March 10, 2025 and published in the Federal Register on March…
- Trading Halts When ETP NAV Not Disseminated: cost, medium. Proposed Rule 7.18(c)(2) would require NYSE Chicago to halt trading in a listed ETP if the Net Asset Value (NAV) or, for certain products, the Disclosed Portfolio is not being disseminated to all market participants at the same time. The proposed rule change was filed March 10, 2025 and published M…
- Firewalls and Procedures to Protect Index/Portfolio Information: benefit, low. The proposed rules require funds, index maintainers, and related persons to establish and maintain a "firewall" and procedures to prevent misuse or dissemination of material non-public information about index changes or fund portfolios. The Exchange cites the Rule 6c-11 Release and existing federal…

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## Sources
- [2025-04338 on federalregister.gov](https://www.federalregister.gov/documents/2025/03/18/2025-04338/self-regulatory-organizations-nyse-chicago-inc-notice-of-filing-of-proposed-rule-change-for)
- [2025-04338 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-03-18/pdf/2025-04338.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2025-04338 (as of 2026-06-08).