# 2025-11183: NYSE American Introduces Optional Trading Risk Limits

2025-11183, Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rule 928NYP, is a Federal Register notice from Securities and Exchange Commission published 2025-06-18, effective 2025-06-10 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2025-11183
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2025-11183
- Title: Self-Regulatory Organizations; NYSE American LLC; Notice of Filing and Immediate Effectiveness of Proposed Change To Amend Rule 928NYP
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 90 FR 26076
- Published: 2025-06-18
- Effective: 2025-06-10
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

NYSE American Introduces Optional Trading Risk Limits

## Summary

NYSE American is adding a new safety feature called "Gross Risk Credit Limits" to help firms control their trading risks before orders go through. This optional tool lets trading firms set limits to avoid big surprises and keep things running smoothly. The change is effective immediately, so firms can start using it right away to manage their money smarter and safer.

## Effects PRIA read

- Optional Gross Credit Risk Limits Added: benefit, medium. The Exchange added an optional tool called Gross Credit Risk Limits that Entering Firms (ATP Holders) can use to set maximum daily dollar amounts for purchases and sales across all symbols. Firms can set three types of checks—Open + Executed, Open Only, and Executed Only—at the MPID or sub‑ID level…
- Three Automated Breach Actions Offered: benefit, medium. Entering Firms choosing Gross Credit Risk Limits must select an automated breach action: "Notification Only" (Exchange notifies firm and continues accepting new orders), "Block Only" (Exchange rejects new orders but allows the firm to cancel existing orders), or "Cancel and Block" (Exchange rejects…
- Market Maker Interest Excluded From Limits: benefit, low. The Gross Credit Risk Limits explicitly do not apply to "Market Maker interest" (orders submitted by a Market Maker in its registered capacity). Market Makers remain subject to mandatory Activity‑Based Risk Controls instead of these optional static gross credit checks.
- Immediate Operability and Implementation Timeline: benefit, low. The Commission waived the normal 30‑day operative delay and designated the proposed rule change operative upon filing (filed June 10, 2025). The Exchange anticipates implementing the functionality in the second quarter of 2025 and commits to implement no later than September 30, 2025, with timing t…

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## Sources
- [2025-11183 on federalregister.gov](https://www.federalregister.gov/documents/2025/06/18/2025-11183/self-regulatory-organizations-nyse-american-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2025-11183 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2025-06-18/pdf/2025-11183.pdf)

## Related
- [Previous: 2025-11182, Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2025-11182)
- [Next: 2025-11184, Self-Regulatory Organizations; The Depository Trust Company; Fixed Income Clear…](https://policyrisk.com/federal-register/2025-11184)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2025-11183 (as of 2026-06-08).