2025-18937Notice

Nasdaq Sharpens Rules on Tracking Special Short Sales Immediately

Published Date: 9/30/2025

Notice

Summary

Nasdaq is updating its rules to make sure broker-dealers report if a stock sale order is a special kind of short sale linked to market makers. This change helps keep trading data clear and accurate for everyone involved. The new rule is effective immediately, so brokers need to follow it right away, but it doesn’t change any fees or costs.

No Economic Impacts Identified for this Document

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Key Dates

Effective Date
Published Date
9/18/2025
9/30/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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