Federal Register #SR-NYSEAMER-2026-80

SEC Notice of Proposed Rule Change by NYSE American LLC to Amend Rule 7.10E on Clearly Erroneous Executions

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by NYSE American LLC affecting market operations. - Regulatory Context: - NYSE American LLC seeks to amend Rule 7.10E, which governs the review of clearly erroneous executions. - The amendment extends restrictions on such reviews to include Overnight Protected Hours, not just the Core Trading Session. - Aligns with the Commission's approval of Overnight Protected Bands for 23/5 Trading under the Limit Up-Limit Down (LULD) Plan. - Technical Amendments: - Updates definitions and numerical guidelines for transactions not subject to the LULD Plan during overnight hours. - Market Impact: - Provides greater certainty to market participants that trades executed within the Overnight Price Bands will stand and not be broken. - Similar proposals are expected from other national securities exchanges and FINRA. - No procurement activity: - No products, OEMs, or vendors are involved; this is a regulatory rule change, not a purchasing opportunity.

Description

The Securities and Exchange Commission (SEC) has filed a proposed rule change by NYSE American LLC to amend Rule 7.10E regarding clearly erroneous executions. The amendment extends the restrictions on clearly erroneous review to include Overnight Protected Hours in addition to the Core Trading Session, consistent with the Commission's approval of Overnight Protected Bands for 23/5 Trading. The rule change aims to provide greater certainty to market participants that trades executed within the Overnight Price Bands will stand and not be broken. The proposal also includes technical amendments to definitions and numerical guidelines related to transactions not subject to the Limit Up-Limit Down (LULD) Plan during these hours.

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