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Market regulation · 17/05/2024

Self-Regulatory Organizations; Cboe BYX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove Proposed Rule Change To Amend the Definition of Retail Order, and Codify Interpretations and Policies Regarding Permissible Uses of Algorithms by RMOs

The Securities and Exchange Commission (SEC) has initiated proceedings to review a proposed rule change by Cboe BYX Exchange, Inc. regarding the definition of retail orders and permissible uses of algorithms by registered market makers (RMOs).

Source: Federal Register — SECOpen original release →