NYSE Texas Upgrades Auction Smarts: Fair Prices, No Drama Ensues
Published Date: 2/19/2026
Notice
Summary
NYSE Texas is updating how it calculates auction prices to better match real market changes during opening, halts, and closing auctions. This change helps traders see clearer, fairer prices right when it matters most. The new rule kicks in immediately, making auctions smarter without extra costs.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Auction reference prices updated
If you own or trade stocks, NYSE Texas changed how it calculates auction reference prices for the Core Open Auction, Closing Auction, and Trading Halt Auction. The new method will first use the price of the last consolidated trade of at least one round lot of that trading day, then fall back to the midpoint of the Auction NBBO (or the locked price), and if none, to the prior trading day's Official Closing Price; calculations will exclude trades on Trade Reporting Facilities during the Early Trading Session or Late Trading Session. The Exchange expects to implement the change no later than the third quarter of 2026 and will announce the exact date by Trader Update.
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