2 Sep 2025
📈NYSE Texas Proposes Rule Change for Reserve Orders' Flexibility
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 7.31(d)(1)(A)
Summary
The NYSE Texas proposes an amendment to Rule 7.31(d)(1)(A) to enable mixed lot sizes for Reserve Orders. This change aims to harmonize functionalities across markets, enhance liquidity, and enhance competitiveness by providing traders with greater flexibility in order submissions. The full effectiveness will be communicated later this year.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change allows Reserve Orders to include mixed lot sizes, aligning with broader market practices. This flexibility is expected to attract additional liquidity, benefiting market participants and making the Exchange more competitive. Businesses using this Exchange should prepare for new order types and strategies.