NYSE and Nasdaq pump the brakes on a proposal to shake up trading at the end of the day
- NYSE and Nasdaq have appealed a ruling in favor of rival Cboe Global Markets that could shake up trading at the end of the day.
- The so-called Cboe Market Close represents a direct challenge to the New York Stock Exchange and Nasdaq.
- The appeal means implementation of the new model will be delayed.
The New York Stock Exchange and Nasdaq have pumped the brakes on a ruling by the Securities and Exchange Commission that could shake up trading at the end of the day.
The US financial watchdog gave the green light for the exchanges’ rival Cboe Global Markets to match trades of NYSE-