21 Aug 2025
📈NYSE Texas Proposes Rule Change on Auction Price Calculations
Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing of Proposed Rule Change To Amend Rule 7.35
Summary
The NYSE Texas has filed a proposed rule change to amend Rule 7.35, enhancing how Auction Reference Prices are calculated during auctions. This aims to reflect more accurate market conditions and price movements, promoting transparency and better functioning of sales in auction processes on the exchange. The changes could impact trading practices significantly.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change to amend Rule 7.35 directly affects how auction prices are calculated on the NYSE Texas, potentially leading to more accurate market valuations. This change promotes transparency and could enhance market operations, impacting trading strategies and compliance requirements for businesses involved in securities trading.