2025-17596Notice

NYSE Buys Five More Years on Trade Timestamps—Paperwork Party Continues

Published Date: 9/12/2025

Notice

Summary

The New York Stock Exchange (NYSE) is updating its rules to extend a special timing exemption for tracking trades until April 8, 2030. This change affects traders and firms who report trade data, giving them more time to comply with detailed timestamp rules. The update kicks in right away and helps avoid costly or tricky reporting issues for the next five years.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Five-Year Extension of CAT Timestamp Exemption

If your firm reports trade data to the Consolidated Audit Trail (CAT) and your systems capture timestamps finer than a nanosecond, you must truncate those timestamps to the nanosecond level for CAT submission through April 8, 2030. The NYSE amended its Compliance Rule to reflect this extension and the change became operative upon filing (filed August 27, 2025).

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Key Dates

Effective Date
Published Date
8/27/2025
9/12/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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