NYSE Extends Timeframe for Review of Proposed Rule Changes Affecting Designated Market Makers

Summary

The New York Stock Exchange (NYSE) has extended the timeframe for the Securities and Exchange Commission (SEC) to review proposed rule changes affecting designated market makers (DMMs). The proposed rule changes, modified by Amendment Nos. 1, aim to codify traditional trading floor functions, provide DMMs with market information, and amend rules governing the ability of DMMs to share market information with floor brokers.