GO
Loading...

Enter multiple symbols separated by commas

NYSE Requests SEC Relief From Upcoming Regulations

NYSE Group has requested the U.S. Securities and Exchange Commission grant it relief from securities regulations that would oblige the New York Stock Exchange to route orders to certain markets, according to a public filing.

Those markets include a stock exchange operated by the International Securities Exchange and alternative trading platforms regulated by the NASD, one of the securities industry's self regulatory organizations.

The NYSE, the largest U.S. stock exchange, and ISE, the largest U.S. electronic options exchange, both declined to comment.

The regulations, called Reg NMS, or Regulation National Market System, some of which come into effect on Monday, would require automated, or "fast," markets to route orders according to the best available price.

NYSE has requested the deadline be pushed back to April 5 from March 5 for its obligation to route orders as required by new regulations to the International Stock Exchange and NASD Alternative Display Facility participants, which include Direct Edge, LavaFlow, and Track Data Securities according to the NASD Web site.

NYSE had requested in January that a Feb. 5 deadline for the regulations be delayed until March.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Jessica Alba

    The actress' company got burned after consumers came out in droves, saying the company's sunscreen doesn't provide much sun protection at all.

  • Toy guns are displayed after being confiscated at airport security checkpoints at the JFK International Airport in New York City.

    A handful of big retailers agreed to keep realistic-looking toy guns off their shelves as part of a deal with the New York attorney general's office.

  • What a robotic sniper might look like.

    A global arms race of robotic killing machines is inevitable if countries pursue autonomous weaponry, experts said.

U.S. Video