Nasdaq Wins Delay on New Trading Rules

The Securities and Exchange Commission said it has granted the Nasdaq Stock Market a week’s delay before dealers must implement tough new rules aimed at ensuring that investors get the best prices available. The rules, which were scheduled to take effect next Monday, have been delayed until Jan. 20. The rules will force Nasdaq dealers to show everyone in the market the better prices quoted on private trading systems that now are available only to large institutions. The rules will initially apply only to the top 50 Nasdaq stocks. The rest of the securities that trade on Nasdaq will be phased in.