NYSE Arca Proposes to Adopt Pricing Obligations for Market Makers

Katten Muchin Rosenman LLP
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On September 20, NYSE Arca, Inc. issued a proposal to amend NYSE Arca Equities Rule 7.23 to adopt pricing obligations for Market Makers. Under the proposal, NYSE Arca will require Market Makers to continuously maintain two-sided Q Order trading interest within a Designated Percentage from the National Best Bid and Offer (NBBO) for each security in which they are registered.

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