NYSE Texas amends Rule 7.10 to cover overnight price bands

On September 14, 2026, NYSE Texas, Inc. filed a proposed rule change with the Securities and Exchange Commission (Release No. 34-106442; File No. SR-NYSETEX-2026-36; FR Doc No. 2026-19511). The filing, published on September 21, 2026, seeks immediate effectiveness and invites comment on the amendment to Rule 7.10, "Clearly Erroneous Executions."

The amendment is prompted by the Commission's August 5, 2026 approval of Overnight Protected Bands under the Limit Up-Limit Down (LULD) Plan for 23/5 Trading. The approved bands are temporary static bands set 20% above and below two reference points and apply from 9:00 p.m. ET through 4:00 a.m. ET. Currently, LULD Price Bands are available only during the Core Trading Session, limiting the rule's restrictions on clearly erroneous review to that period.

NYSE Texas proposes to add the term "LULD Protected Hours" to encompass both the Core Trading Session and the newly defined "Overnight Protected Hours." Rule 7.10(c)(1) would replace "Core Trading Session" with "LULD Protected Hours," extending the prohibition on clearly erroneous review to overnight trading. The proposal also updates the reference to the "Percentage Parameter" to include the "Overnight Percentage Parameter" applicable during Overnight Protected Hours.

Further, the Exchange seeks to align the treatment of NMS stocks not subject to the LULD Plan across both core and overnight periods. Language in Rule 7.10(c)(2) and related subsections would be revised to replace references to the Core Trading Session with "LULD Protected Hours in NMS Stocks not subject to the LULD Plan," thereby extending the existing Numerical Guidelines to overnight trades.

The Commission is publishing this notice to solicit comments from interested persons. All supporting documents, including the full text of the proposed amendment, are available on the Exchange's website at www.nyse.com and at the Exchange's principal office.