NYSE American proposes immediate amendment to Rule 7.10E for overnight trades
The amendment, effective upon filing on September 2, 2026, expands clearly erroneous execution protections to trades executed during overnight protected hours for NYSE American participants.
On September 2, 2026, NYSE American LLC filed a proposed rule change with the Securities and Exchange Commission under Release No. 34-106315 and File No. SR-NYSEAMER-2026-80. The filing, announced in a notice dated September 9, 2026 (FR Doc No. 2026-18667), is effective immediately pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934.
The proposal seeks to amend Rule 7.10E, which governs Clearly Erroneous Executions, to align the rule with the Commission's August 5, 2026 approval of Overnight Protected Bands under the Limit Up-Limit Down (LULD) Plan. By extending the definition of "LULD Protected Hours" to include the overnight period from 9:00 p.m. ET through 4:00 a.m. ET, the Exchange aims to provide the same certainty that trades executed within Core Trading Session price bands receive, now for overnight trades.
Specific changes include adding definitions for "Overnight Protected Hours" and "Overnight Price Bands," revising the first sentence of Rule 7.10E(c)(1) to replace "Core Trading Session" with "LULD Protected Hours," and updating the percentage-parameter reference in Rule 7.10E(c)(1)(B) to incorporate the overnight parameter. The Exchange also proposes parallel language updates in Rule 7.10E(c)(2), (d)(3), and (f) to cover transactions in NMS stocks not subject to the LULD Plan during the newly defined overnight hours.
The Commission is publishing the notice to solicit comments from interested persons. The full text of the proposed amendment and related statements are available on the Exchange's website at www.nyse.com and at the Exchange's principal office.
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