Market regulation · 05/10/2012

ISE Seeks to Amend Rule 711 for Mutual Agreement on Trade Nullification

The International Securities Exchange, LLC has filed a proposed rule change with the Securities and Exchange Commission to amend ISE Rule 711, allowing for the nullification of trades through mutual agreement between parties. The proposed rule change would provide a new mechanism for resolving disputes over trades, giving market participants more flexibility in managing risk and mitigating potential losses.