NYSE Proposing Rule Change to Longstanding Market-on-Close (“MOC”)/Limit-on-Close (“LOC”) Order Handling Requirements
On December 14, 2021, the NYSE proposed a change to rule 7.35B relating to the cancellation of MOC, LOC and Closing IO Orders. NYSE rules have historically allowed the cancellation of MOC, LOC and Closing IO orders to correct legitimate errors between 3:50 PM and 3:58 PM. Attempts to cancel at 3:58 PM or later […]