Market regulation · 07/07/2004
American Stock Exchange LLC Receives Approval for New Rule Change and Amendment
The American Stock Exchange LLC has received approval from the relevant regulatory body to adopt a new rule change and amendment to its existing rules, which will introduce a 'Clearly Erroneous Transaction Rule' and a 'Half-Point Error Guarantee' for trades in Nasdaq National Market securities. This new rule change aims to enhance market transparency and protect investors.