
NSCC Proposed Rule Change OPEN For Comment: Updates to Accommodate Certain Trades from Fractional Share Trading Program.
Proposed Changes:
NSCC proposes to revise its Rules to allow an exception to the Real-time Trade Submission Requirement for Correspondent Clearing transactions representing aggregated transactions of fractional shares. As described above, NSCC cannot currently process trades on a fractional basis. However, NSCC may accept aggregated transactions from fractional share trading