2 Sep 2025
📈NYSE American Rule Change Permits Mixed Lot Reserve Orders
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7.31E(d)(1)(A)
Summary
The SEC publishes a notice regarding NYSE American LLC's proposed rule change to amend Rule 7.31E(d)(1)(A), allowing Reserve Orders to display quantities in both round and mixed lot sizes. This change aims to harmonize functionality with other markets, enhancing liquidity and trading flexibility. Interested parties are invited to comment on the proposal.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 7.31E(d)(1)(A) allows businesses to enter Reserve Orders in mixed lot sizes, increasing transaction flexibility and liquidity on the exchange, which can enhance trading strategies and market opportunities for businesses.