Federal Register #SR-ISE-2026-16

SEC Notice: Nasdaq ISE Rule Change for Professional Order Review

This notice concerns a proposed rule change by Nasdaq ISE, LLC, reviewed by the Securities and Exchange Commission (SEC): - The rule change updates the review process for Professional Orders on the Nasdaq ISE exchange - Review frequency shifts from quarterly to monthly - Orders will be designated as Professional based on trading activity within a 30-day period instead of 90 days - Technical amendments are included to harmonize the rule structure with other Nasdaq affiliated exchanges - No procurement of products or services is involved - No OEMs or vendors are mentioned - The SEC is the government agency overseeing this regulatory action

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change filed by Nasdaq ISE, LLC. The proposal seeks to amend the review process of Professional Orders by changing the review frequency from quarterly to monthly. This change aims to ensure that orders are properly designated as Professional orders more expeditiously, reflecting trading activity within a 30-day timeframe rather than 90 days. The rule change is effective immediately upon filing and includes technical amendments to harmonize rule structure with other Nasdaq affiliated exchanges.

View original listing