10 Sep 2025
📈NYSE Proposes Changes to Rule 7.35-E for Auction Imbalance Information
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.35-E
Summary
The NYSE Arca proposes changes to Rule 7.35-E to amend the calculation of Auction Imbalance Information. The changes aim to improve transparency by using the Auction Reference Price instead of the Indicative Match Price, enhancing trading dynamics and potentially benefiting market participants by providing more accurate market data and improving auction quality.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed amendment to Rule 7.35-E impacts how Auction Imbalance Information is calculated, directly affecting trading and auction processes. This change may enhance market transparency and attract more participation in auctions, which is crucial for business owners and executives involved in trading securities.