Federal Register #SR-MRX-2026-11

Nasdaq MRX Proposal for Extended Trading Hours for Equity and Index Options

This notice concerns a proposed rule change by Nasdaq MRX, LLC to implement extended trading hours for eligible equity and index options, as published by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors Mentioned: - Nasdaq MRX, LLC (exchange operator proposing the rule change) - Other exchanges referenced for comparison: Nasdaq, Cboe BZX, Cboe, Cboe C2 - Products/Services Requested: - No physical products or part numbers are being procured - Service: Adoption of Extended Trading Hours (ETH) for eligible equity and index options (including NDX, NDXP, XND) - Early session: 7:30 a.m. to 9:25 a.m. ET - Extended close: until 4:15 p.m. ET - Eligibility criteria: high trading volume and market capitalization for equity options - Unique or Notable Requirements: - Operational and structural adjustments to accommodate ETH - Specific eligibility criteria for option classes - Adjustments to trading session mechanics and order handling - Aims to enhance market competition and investor access outside regular trading hours - No procurement of goods or services is requested; this is a regulatory rule change notice.

Description

The Securities and Exchange Commission has filed a notice regarding Nasdaq MRX, LLC's proposal to adopt extended trading hours for eligible equity and index options. The proposal aims to modify trading hours to enhance market flexibility and efficiency by allowing certain eligible options to trade outside regular trading hours. The rule change includes operational and structural adjustments unique to extended trading hours while maintaining existing trading rules where applicable.

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