Approval of New Bond Trading License and Establishment of Bond Liquidity Providers as New Market Class

SEC Release (NYSE Rulemaking)

The SEC approved an NYSE proposal to (1) establish a new bonds-only trading license and (2) create a new class of market participants called "Bond Liquidity Providers." The new class would function similarly to "Supplemental Liquidity Providers" trading equity securities.

Document Number

SEC Release 34-63736

Date

January 19, 2011

Cross References (links may require a Cabinet subscription)

SR-NYSE-2010-74

NYSE Rules 87, 88