On May 8th, the SEC designated June 26, 2012 as the date by which it will either approve or disapprove NYSE Arca's proposed amendments to Commentary .01 to NYSE Arca Rule 6.35 and to make non-substantive changes to NYSE Arca Rules 6.35, 6.37, 6.84, and 10.12. The proposals would allow a market maker's trades effected on the trading floor to accommodate cross trades executed pursuant to NYSE Arca Rule 6.47 to count toward the requirement that at least 75 percent of a market maker's trading activity be effected in classes within the market maker's appointment. SEC Release No. 34-66945.
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SEC designates longer period to consider proposed market maker changes
- Winston & Strawn LLP
- May 14 2012
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