Market regulation · 17/05/2024

Self-Regulatory Organizations; Cboe BZX 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 issued an order to determine whether to approve or disapprove a proposed rule change by Cboe BZX Exchange, Inc. to amend the definition of a retail order and codify interpretations and policies regarding permissible uses of algorithms by registered market making organizations (RMOs).