10 Sep 2025
📈NYSE Texas Proposes Auction Imbalance Rule Change
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 7.35
Summary
The NYSE Texas proposes to amend Rule 7.35 to enhance the calculation of Auction Imbalance Information, shifting its basis from the Indicative Match Price to the Auction Reference Price. This change aims to provide market participants with improved information, potentially increasing auction participation and liquidity in the market.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change enhances how Auction Imbalance Information is calculated, impacting market trading practices. This affects executives and business owners as it provides more relevant data for decision-making and could attract additional trading orders, influencing liquidity and execution quality.