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NYSE Rule 7.10

Authorizes the Exchange to review and, when appropriate, break or adjust clearly erroneous trades.

Rule Overview

Jurisdiction: United States

Regulator: NYSE

Topic: General Requirements

NYSE Rule 7.10
Overview
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Further Reading

Key Requirements:

  • Establishes standards for determining whether an execution occurred at a clearly erroneous price.
  • Sets objective review criteria and price thresholds for evaluating potentially erroneous trades.
  • Authorizes the Exchange to cancel or adjust qualifying transactions when necessary to maintain fair and orderly markets.
  • Establishes procedures for requesting a review and appealing a clearly erroneous determination.
  • Limits the circumstances under which trades executed during the Core Trading Session may be reviewed.

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