According to Techub News, citing NewsBTC, the U.S. Securities and Exchange Commission has proposed removing Rules 611 and 610e under Reg NMS. The proposal is presented as part of an effort to modernize the structure of the U.S. equity market. At this stage, it remains open for public comment and has not yet become a final regulatory measure.
Rules 611 and 610e Enter the Review Process
Rule 611, also known as the order protection rule, is one of the core rules governing U.S. stock trading. By proposing to remove both Rule 611 and Rule 610e, the SEC is reassessing parts of the traditional market infrastructure and how existing rules apply to newer trading arrangements.
The report said the proposal may affect the development space for tokenized securities and automated execution models. It may also influence how tokenized securities are traded in the future. Market participants will be watching the public comment timeline and the feedback submitted by relevant institutions.