NYSE Wants to Delay Late-Afternoon News to Avoid Confusion, Market Disruption
The hybrid model of the NYSE takes more time because of the human aspect to closing auctions.

The New York Stock Exchange (NYX) proposed a delay to the late-afternoon release of company information to the Securities and Exchange Commission, arguing that announcements too close to the closing bell cause "market disruption and investor confusion," according to the Wall Street Journal.

The proposed change would have listed companies wait until 4:05 p.m. ET or whenever the exchange publishes their stock's closing prices for the day - whichever comes first. SEC approval is needed for any change to go into effect.

Though all-electronic exchanges such as the Nasdaq can hold closing auctions that determine securities' final trading price almost instantly, the hybrid model of the NYSE takes a little more time because of the human aspect.

More of What's Trending on TheStreet:

More from Stocks

UnitedHealth Could Strike Deal for Tenet's Conifer Subsidiary: Reports

UnitedHealth Could Strike Deal for Tenet's Conifer Subsidiary: Reports

One Chart Will Make You Even More Pumped Up to Buy Tech Stocks

One Chart Will Make You Even More Pumped Up to Buy Tech Stocks

Google Shares Shrug Off $5 Billion EU Fine Against Alphabet

Google Shares Shrug Off $5 Billion EU Fine Against Alphabet

Jim Cramer's Biggest Moments From Delivering Alpha

Jim Cramer's Biggest Moments From Delivering Alpha

The Recent Pullback in the Defense Sector Provides a Buying Opportunity

The Recent Pullback in the Defense Sector Provides a Buying Opportunity