# 2025-09179: NYSE Texas Rolls Out Real-Time Order Imbalances Data Feed

2025-09179, Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish the NYSE Texas Order Imbalances Proprietary Market Data Product, is a Federal Register notice from Securities and Exchange Commission published 2025-05-22, effective 2025-05-13 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-09179
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-09179
- Title: Self-Regulatory Organizations; NYSE Texas, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish the NYSE Texas Order Imbalances Proprietary Market Data Product
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 21970
- Published: 2025-05-22
- Effective: 2025-05-13
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

NYSE Texas Rolls Out Real-Time Order Imbalances Data Feed

## Summary

NYSE Texas is launching a new real-time data feed called the Order Imbalances product to show order differences before auctions start. This helps traders get a sneak peek at market action right before trading opens. The change is effective immediately and could impact anyone using NYSE Texas market data, with fees tied to accessing this fresh info.

## Effects PRIA read

- New Real-Time Order Imbalances Feed: benefit, low. NYSE Texas established a new real-time market data feed called the NYSE Texas Order Imbalances. The feed shows aggregate order imbalance information before the market open, before any re-opening auction after a halt, and before the close for all symbols listed on the Exchange.
- Specific Imbalance Fields Provided: benefit, low. The NYSE Texas Order Imbalances product will provide Auction Imbalance Information as defined in NYSE Texas Rule 7.35, including Total Imbalance, Market Imbalance, Indicative Match Price, and Matched Volume, and will be disseminated on the time frame specified in Rule 7.35.
- Access Channels: LCN and IGN: benefit, low. The Order Imbalances product will be offered through the Exchange's Liquidity Center Network (LCN) in the Mahwah, New Jersey data center for co-location customers, and through the ICE Global Network (IGN) for other users and members.
- Currently No Subscription Fee Intention: mixed, medium. The Exchange states it does not currently intend to charge a fee to subscribe to NYSE Texas Order Imbalances, but it will file a separate rule filing to establish fees if it later decides to adopt fees.
- Product Is Operative Immediately: benefit, low. The Commission waived the 30-day operative delay and designated the proposed rule change operative upon filing; the Exchange filed the rule change on May 13, 2025, making the Order Imbalances product effective upon that filing.

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## Sources
- [2025-09179 on federalregister.gov](https://www.federalregister.gov/documents/2025/05/22/2025-09179/self-regulatory-organizations-nyse-texas-inc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-09179 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-05-22/pdf/2025-09179.pdf)

## Related
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Source: PRIA, https://policyrisk.com/federal-register/2025-09179 (as of 2026-06-08).