- Current Regulatory Initiatives
- Tick Size Pilot Program
- Consolidated Audit Trail
- FINRA Rule 4540 Series - CARDS
- Regulation SCI
- ATS Trading Information
- Limit Up/Limit Down
- Market-Wide Circuit Breakers
- Clearly Erroneous Improvements
- Large Trade Reporting
- Market Access Rule
- Amendments to RegSHO
- CFTC-SEC Advisory Committee
- Market Structure Concept Release
- Contact Information
Current Regulatory Initiatives
NASDAQ OMX is always committed to working with regulators, exchanges and market participants to ensure trading is transparent and fair. To keep you informed of the ever-changing regulatory landscape of U.S. trading, refer to the information below regarding current regulatory initiatives.
|Clearly Erroneous Process Improvements|
On June 17, 2010, U.S. exchanges filed with the SEC rule amendments intended to improve the transparency of filings for clearly erroneous transactions following large market-wide events and trading pauses. The rules have been amended several additional times since the original filing, with the latest update occurring on June 19, 2014. This latest amendment provides that a series of transactions in a particular security on one or more trading days may be viewed as one event if all such transactions were effected based on the same fundamentally incorrect or grossly misinterpreted issuance information resulting in a severe valuation error for all such transactions. Additionally, the latest amendment addresses transactions to be nullified due to certain events associated with trading pauses.
On March 24, 2014 the SEC approved a proposal to extend the pilot period of amendments concerning clearly erroneous transactions to coincide with the pilot period for the NMS Plan to Address Extraordinary Market Volatility, which is set to expire on February 20, 2015.