Market regulation · 16/10/2014

NYSE Arca Proposes Rule Change to Allow Retail Price Improvement Orders Without Best Bid/Offer Protection

NYSE Arca, Inc. has filed a proposed rule change to amend its Retail Liquidity Program and NYSE Arca Equities Rule 7.44, which would allow retail price improvement orders that are not better than the best protected bid or offer to be accepted upon entry, rather than being rejected.