19 May 2025
📈NYSE Texas Proposes New Rules for Auction Processes and Orders
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt Rule 7.35 and Amend Rule 7.31
Summary
NYSE Texas seeks to implement proposed Rule 7.35, detailing how auctions will be conducted on the Exchange. The rule introduces new order types and amendments to existing rules, aimed at enhancing trading operations and aligning with rules from its affiliate, NYSE Arca. This is part of ongoing efforts to refine market practices and facilitate competitive trading environments.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule changes, including new auction procedures and order types (IO Orders and Q Orders), affect market operations and could influence trading strategies and compliance requirements for businesses involved in securities. The alignment with NYSE Arca rules promotes consistency, impacting trading practices for participants.