Federal Register #SR-NYSEARCA-2026-94

NYSE Arca Rule Change for Trading Resumption After Level 3 Circuit Breaker Halt

This notice concerns a proposed rule change by NYSE Arca, Inc. regarding trading resumption procedures after a Level 3 circuit breaker halt. - Government buyer: - Securities and Exchange Commission (SEC) - NYSE Arca, Inc. (regulated entity proposing the rule change) - No OEMs or vendors are involved, as this is a regulatory action, not a procurement opportunity. - Products/services requested: - No products or services are being procured; the notice pertains to a rule amendment. - Key details of the rule change: - Amends Rule 7.12-E to clarify trading resumption after a Level 3 market-wide circuit breaker halt - Trading hours will expand to 23 hours per day, 5 days per week - Despite expanded hours, trading will resume at 4:00 a.m. ET after a Level 3 halt, not at the start of the overnight session - The change is intended to preserve a cooling-off period and ensure fair, orderly market conditions during extreme volatility - No contract value, product line items, or service line items are applicable

Description

The proposed rule change by NYSE Arca, Inc. amends Rule 7.12-E related to the resumption of trading after a Level 3 market-wide circuit breaker halt. This amendment is in connection with the expansion of trading hours to 23 hours per day, 5 days per week. The rule change retains the current 4:00 a.m. ET resumption time following a Level 3 Market Decline, despite the extended trading hours. The change aims to preserve the cooling-off period and ensure fair and orderly market conditions during significant market volatility.

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