9 May 2025
📈NYSE Arca Proposes Rule Change on Indicative Match Price
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Amending Rule 7.35-E (Auctions) Regarding Indicative Match Price
Summary
The NYSE Arca has filed a proposed rule change to amend Rule 7.35-E regarding the Indicative Match Price used in auctions. This change aims to clarify existing rules and restore definitions inadvertently omitted during previous amendments, thus enhancing the transparency and efficiency of trading practices on the exchange.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change concerning the Indicative Match Price under Rule 7.35-E may affect how trades are executed on the NYSE Arca, impacting trading strategies and compliance for businesses involved in securities trading. The clarity it aims to provide could assist firms in adhering to regulations more effectively.