22 Aug 2025
📈NYSE Rule Change Enhances Auction Price Calculations
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change of Amendments to Rule 7.35A and Rule 7.35C
Summary
The New York Stock Exchange proposes amendments to Rules 7.35A and 7.35C, aiming to improve reference price calculations for auctions. By adopting a more dynamic formula that considers recent trading activities, the changes seek to enhance market transparency, benefiting investors and participants by providing a more accurate reflection of current market conditions.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change regarding amendments to Rules 7.35A and 7.35C impacts the trading processes of securities, enhancing transparency and accuracy in auction price calculations. This could influence trading strategies and operational models for businesses involved in securities trading, positively affecting market dynamics.