{"abstract":null,"action":"(1) Automatic execution and (2) order delivery and automated response. Every User would be eligible to use the automatic execution mode to participate in the System, in which the System would match and execute like-priced orders. However, to be eligible for the order delivery functionality, a User would have to demonstrate to the Exchange that it could automatically process an inbound order and respond immediately. In new Interpretation and Policy .01 to proposed NSX Rule 11.13, NSX defines \"immediately\" as having system response times \"that generally meet or exceed industry standards,\" which NSX believes currently to be 100 milliseconds. In addition, if the Exchange does not receive a response to an inbound order within 500 milliseconds, the User's displayed order will be cancelled.","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2006/09/07/E6-14808.html","cfr_references":[],"citation":"71 FR 52836","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":null,"disposition_notes":null,"docket_ids":["Release No. 34-54391","File No. SR-NSX-2006-08"],"dockets":[],"document_number":"E6-14808","effective_on":null,"end_page":52841,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2006/09/07/E6-14808.xml","html_url":"https://www.federalregister.gov/documents/2006/09/07/E6-14808/self-regulatory-organizations-national-stock-exchange-inc-order-approving-a-proposed-rule-change-and","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/E6-14808?publication_date=2006-09-07","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2006-09-07/E6-14808/mods.xml","not_received_for_publication":null,"page_length":6,"page_views":{"count":42,"last_updated":"2026-06-24 08:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2006-09-07/pdf/E6-14808.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2006-09-07","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2006/09/07/E6-14808.txt","regulation_id_number_info":{},"regulation_id_numbers":[],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T20:01:31Z"},"regulations_dot_gov_url":null,"significant":null,"signing_date":null,"start_page":52836,"subtype":null,"title":"Self-Regulatory Organizations; National Stock Exchange, Inc.; Order Approving a Proposed Rule Change and Amendment No. 1 Thereto and Notice of Filing and Order Granting Accelerated Approval to Amendment Nos. 2 and 3 Thereto to Amend Its Trading Rules to Provide for a Price-Time Priority Market and Other Related Changes","toc_doc":"National Stock Exchange, Inc.","toc_subject":"Self-regulatory organizations; proposed rule changes:","topics":[],"type":"Notice","volume":71}