Market regulation · 15/07/2011

NYSE Arca Proposes Rule Change to Clarify Limit Order Rejection Policy

NYSE Arca, Inc. has filed a proposed rule change with the SEC to amend NYSE Arca Equities Rule 7.31(b) to add text describing how limit orders priced a specified percentage away from the national best bid or offer will be rejected by exchange systems. The proposed rule change will have an immediate effectiveness date.