Market regulation · 24/08/2011

NYSE Arca Filing Proposed Rule Change to Prohibit Trading Ahead of Customer Orders

NYSE Arca, Inc. has filed a proposed rule change to delete existing rules 6.16 and 6.16A and adopt a new rule 5320, which is substantially similar to the Financial Industry Regulatory Authority's (FINRA) rule 5320, aimed at prohibiting trading ahead of customer orders with certain exceptions, commonly known as the Manning Rule.