3 Sep 2025
📈NYSE American Proposes Changes to Auction Imbalance Information
Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rule 7.35E
Summary
The NYSE American has filed a proposed rule change to amend Rule 7.35E regarding the calculation of Auction Imbalance Information. This change aims to enhance the accuracy of trading signals by basing the imbalances on the Auction Reference Price instead of the Indicative Match Price, potentially improving the efficiency and quality of auctions on the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to NYSE American's Auction Imbalance Information calculation offers enhanced transparency and better information for market participants, promoting improved trading conditions and potentially increasing market activity. This affects compliance and operational strategies for businesses involved in trading or relying on auction markets.