Nasdaq and Cboe Challenge SEC Over Updated Stock Trading Rule – Bloomberg
Nasdaq and Cboe Take Issue with SEC’s Revised Stock Trading Rule
Nasdaq and Cboe are pushing back against the Securities and Exchange Commission (SEC) over a new rule regarding stock trading. The two major stock exchanges have raised concerns about the updated rule, prompting a challenge to the SEC.
The dispute stems from the SEC’s recent changes to a rule that governs how stocks are traded on exchanges. Nasdaq and Cboe believe that the new rule could have negative implications for the stock market and are seeking to address their concerns with the SEC.
The SEC, as the regulatory body overseeing the stock market, plays a crucial role in ensuring fair and orderly trading. However, disagreements between exchanges and the SEC are not uncommon, as different parties may have varying perspectives on how rules should be implemented.
It remains to be seen how the challenge from Nasdaq and Cboe will unfold and whether any modifications will be made to the updated rule. As the situation develops, market participants will be closely watching for any potential implications on stock trading.