Nasdaq's Robo-Fix for Botched Trades Saves Trader Tears
Published Date: 8/11/2025
Notice
Summary
Nasdaq is rolling out a cool new feature in its WorkX platform that makes fixing rejected trade reports super easy by automating the resubmission process. Plus, they’re changing the deadline for submitting price override requests to give users a better timeline. This update kicks off in the third quarter of 2025 and will help traders save time and avoid headaches.
Analyzed Economic Effects
4 provisions identified: 1 benefits, 1 costs, 2 mixed.
WorkX PRO Monitor automates PORs
Nasdaq will add WorkX PRO Monitor (Full and Lite) to automate the manual price override request (POR) process so firms can submit PORs and track approvals in real time instead of calling or emailing FINRA Operations or Nasdaq MarketWatch. The Lite Version will be offered at no additional cost and the Full Version will include extra automated features (resubmit button, charts, notifications).
New POR submission time windows
Nasdaq will limit POR submissions and processing to 8:00 a.m. to 9:15 a.m. ET and 4:00 p.m. to 8:00 p.m. ET (with alternate 8:00 a.m.–9:15 a.m. ET and 1:00 p.m.–5:00 p.m. ET on early-close days). The Exchange is shortening the Pre-Market window by 15 minutes to ensure price validation is re-enabled by market open.
Five‑minute disablement for Lite/non-WorkX users
After POR approval, the system will automatically re-enable price validation after five minutes for PRO Monitor Lite users and for firms that are not WorkX subscribers (MarketWatch-submitted PORs). Full Version users will have automated immediate re-enablement and the Full Version process will not take more than five minutes.
Free Lite tier; paid Full tier later
Nasdaq will offer a PRO Monitor Lite Version at no additional cost to WorkX subscribers and intends to file a subsequent fee filing to set pricing for the PRO Monitor Full Version. Firms can choose whether to use the free Lite Version or subscribe to the Full Version with additional features.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16201, Joint Industry Plan; Order Granting Approval of the Twenty-Seventh Amendment to the National Market System Plan To Address Extraordinary Market Volatility To Establish Temporary Price Band Protections in Overnight Trading
Starting soon, stock markets will have new safety rules to keep prices steady during overnight trading, helping prevent wild price swings. This change affects all major U.S. stock exchanges and aims to protect investors by setting temporary price limits when trading happens outside regular hours. These protections will roll out in phases, making overnight trading safer without impacting normal market hours or costs.
2026-16101, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Modify the NYSE American Options Fee Schedule To Amend the Manual Billable Rebate Program and Add a Credit Under the Firm Monthly Fee Cap
Starting August 3, 2026, NYSE American is updating its options fee schedule to rename and tweak the Manual Billable Program, swapping some rebates for a new bonus. They’re also adding a credit for Floor Brokers under the Firm Monthly Fee Cap, which could save some firms money. These changes mainly affect traders and firms using the Exchange’s options services.
Previous / Next Documents
Previous: 2025-15168, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule by Revising the Rate Associated With the Cross Asset Tier
Cboe BZX Exchange is changing the fees for its Cross Asset Tier starting August 1, 2025. This update affects traders using the BZX equities platform by adjusting the rates they pay, helping the Exchange stay competitive. If you trade on BZX, keep an eye on these new fees to understand how they might impact your costs.
Next: 2025-15170, Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Equities Fee Schedule To Modify the Rebates for Executions of Orders in Securities Priced at or Above $1.00 per Share That Add Displayed Liquidity
MIAX Pearl is changing its fee schedule to adjust the rebates for orders in stocks priced $1.00 or more that add visible liquidity to the market. Traders who add displayed liquidity will see new rebate amounts starting right away, aiming to keep the market fair and competitive. These updates also tweak special rebate tables to better reward certain trades.