Federal Register #SR-NYSEARCA-2026-59

Proposed Rule Change: NYSE Arca, Inc. Best Execution Standards (Rule 11.5310)

This notice announces a proposed rule change by NYSE Arca, Inc. regarding best execution standards for trading activities. - Government Buyer: - Securities and Exchange Commission (SEC) - NYSE Arca, Inc. (self-regulatory organization submitting the proposal) - OEMs and Vendors Mentioned: - NYSE Arca, Inc. - Nasdaq PHLX - NYSE - Products/Services Requested: - No products or services are being procured; this is a regulatory rulemaking action - Unique or Notable Requirements: - Proposal to adopt Rule 11.5310 (Best Execution) for Equity and Options Trading Permit Holders and associated persons - Rule aims to enhance customer order protection by ensuring efficient executions at the best market prices - Standards are based on similar rules from Nasdaq PHLX and NYSE to harmonize best execution obligations across self-regulatory organizations - Notice includes purpose, statutory basis, and supplementary material for the rule - No procurement of goods or services is involved; this is a regulatory standards harmonization effort

Description

The Securities and Exchange Commission has filed a proposed rule change by NYSE Arca, Inc. to adopt new Rule 11.5310 (Best Execution). The rule governs best execution obligations for Equity Trading Permit Holders, Options Trading Permit Holders, OTP Firms, and associated persons, aiming to enhance customer order protection by ensuring efficient executions at the best market prices. The proposal is based on similar rules from Nasdaq PHLX and NYSE and includes supplementary material providing additional guidance on best execution requirements. The rule change is filed for immediate effectiveness and seeks to harmonize execution standards across self-regulatory organizations.

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