Exchanges get extensions on trading rules
Securities regulators are giving exchanges and other firms an extension on some compliance dates on stock trading rules that are part of Regulation NMS.
Securities regulators are giving exchanges and other firms an extension on some compliance dates on stock trading rules that are part of Regulation NMS. Specifically, the SEC extended the date for the Trading Phase to March 5 from Feb. 5; the Pilot Stocks Phase to July 9 from May 21; and the All Stocks Phase to Aug. 20 instead of July 9. The intent is to give the industry more time to complete the rollout of new or modified trading systems. For details, go to http://www.sec.gov/rules/final/2007/34-55160.pdf
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