New York Stock Exchange

Rule Changes

Proposing Rule 7.10 amendments for 23/5 trading

The Securities and Exchange Commission published NYSE's proposal on September 22 to change which overnight trades can be canceled as clearly erroneous. Since then, Cboe BZX has filed a similar rule, and other exchanges and FINRA plan to do the same. These rules support the industry's move to 23/5 trading — markets open 23 hours a day, five days a week — scheduled for December 6, 2026.

Updated 2 days ago

Rule Changes

Proposing the rule change

The New York Stock Exchange is deleting its 'approved person' registration category, a holdover from the era when exchange membership meant owning a physical seat. The Securities and Exchange Commission (SEC) published notice of the change on October 6, 2026, and it took effect immediately.

Updated Oct 7

Rule Changes

Cutting fees in response to sustained high trading volumes

Options exchanges are locked in a chaotic race to recalibrate fees as their regulatory costs collide with record trading volumes. Cboe doubled its Options Regulatory Fee to $0.0002 per contract on January 2, 2026, while NYSE slashed its fee from $0.0038 to $0.0026. The whipsaw reflects a deeper crisis: exchanges collect fees based on all customer options trades cleared industrywide, not just trades on their own platforms, creating unpredictable revenue swings.

Updated May 19

Money Moves

Split-adjusted trading for ServiceNow began December 18, 2025, with elevated volume

ServiceNow's 5-for-1 stock split executed on schedule: shares distributed after market close December 17, split-adjusted trading began December 18. The mechanical transition was clean—one $850 share became five $170 shares—but the 'fresh start' narrative got drowned out almost immediately by deal noise and analyst skepticism.

Updated May 15