22 Aug 2025
📈NYSE Arca Proposes Amendment to Auction Reference Price Rule
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing of Proposed Rule Change To Amend Rule 7.35-E
Summary
The NYSE Arca has filed a notice to amend Rule 7.35-E, enhancing the calculation of Auction Reference Prices for various auctions, including the Core Open Auction and Trading Halt Auction. These changes aim to provide more accurate price reflections, promoting transparency and liquidity in the auction process. Comments on the proposed changes are invited from interested parties.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed amendments to Rule 7.35-E concerning Auction Reference Prices have significant regulatory implications for market participants. Enhanced calculations could impact trading strategies and auction outcomes, affecting the execution and pricing of securities. Compliance will ensure orderly trade operations and transparency.