2 Sep 2025
📈NYSE National Proposes Rule Change for Mixed Lot Reserve Orders
Self-Regulatory Organizations; NYSE National, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7.31(d)(1)(A)
Summary
The SEC has published a notice from NYSE National regarding a proposed rule change to amend Rule 7.31(d)(1)(A), allowing the displayed quantity of Reserve Orders to be entered in mixed lot sizes. This change aims to harmonize practices across markets and enhance liquidity by providing greater flexibility in trading.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 7.31(d)(1)(A) allows businesses to place displayed Reserve Orders in mixed lot sizes, enhancing liquidity and trading flexibility. This change aligns NYSE National's practices with other markets, providing constituencies better opportunities to trade, potentially attracting more participation and capital.