NYSE Equities has released a statement clarifying that trades suspended due to an incorrect pricing range may be invalid. This suspension, which occurred between 9:30 and 10:27 Eastern Time, was triggered by the Consolidated Tape Association's Securities Information Processor (CTA SIP) providing an erroneous range. The exchange is actively reviewing the situation to determine the validity of the affected trades.

The CTA SIP, responsible for delivering real-time market data to the NYSE, released an incorrect pricing range that led to the activation of the Limit Up-Limit Down (LULD) mechanism. The LULD system is designed to curb market volatility and ensure fair trading by temporarily halting trades that fall outside a specified price band. The incorrect data from CTA SIP disrupted this process, prompting the NYSE to suspend trades and initiate a thorough review.

The NYSE emphasizes that the LULD suspension is a vital part of its trading infrastructure, aimed at maintaining market stability and preventing abrupt price swings. By suspending trades that breach the pricing limits, the exchange protects investors from unfair market conditions. In light of the incorrect range issue, the NYSE is working diligently to address the problem and ensure that traders are not adversely affected.

This clarification from NYSE Equities is a significant step in managing the impact of market volatility and trade suspensions. The exchange's proactive stance underscores its dedication to fair and transparent trading practices. By tackling the LULD suspension and resolving the incorrect pricing range issue, the NYSE aims to uphold the integrity of the trading environment.

In conclusion, NYSE Equities' statement on the invalidation of trades due to an incorrect pricing range highlights its commitment to market stability and fairness. The exchange's swift response and ongoing assessment demonstrate its focus on providing a reliable and efficient trading experience for all participants.