Federal Register #SR-NYSEAMER-2026-47

SEC Notice: NYSE American LLC Proposed Rule 5310 on Best Execution

This notice concerns a proposed regulatory rule change by NYSE American LLC, as published by the Securities and Exchange Commission (SEC): - No procurement of goods or services is involved - No government buyer, OEMs, or vendors are identified - The proposed Rule 5310 establishes best execution obligations for NYSE American member organizations and associated persons - Modeled after similar rules from Nasdaq PHLX and NYSE - Aims to enhance customer order protection by ensuring transactions are executed efficiently at the best available market prices - Specifies factors for determining reasonable diligence in order execution - Prohibits improper interpositioning (unnecessary intermediaries in transactions) - Includes supplementary material for additional guidance - No products, part numbers, or quantities are requested - No unique procurement requirements are present

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change filed by NYSE American LLC to adopt a new Rule 5310 governing best execution obligations of member organizations and associated persons. The rule is based on similar rules from Nasdaq PHLX and NYSE and aims to enhance customer order protection by ensuring efficient executions at the best market prices. The rule outlines factors to determine reasonable diligence in execution and prohibits improper interpositioning. Supplementary material provides additional guidance on the rule's application.

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