SEC Delays Decision on Sneaky Intermarket Orders
Published Date: 1/9/2026
Notice
Summary
The Cboe BZX Exchange wants to change a rule to allow certain special orders, called Intermarket Sweep Orders, to be hidden from public view even if they last longer than just a few seconds. The SEC is taking extra time—until April 12, 2026—to decide if this change is a good idea. This affects traders who use these orders and could impact how quickly and quietly trades happen, but no direct money changes are announced yet.
No Economic Impacts Identified for this Document
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Key Dates
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