Federal Register #SR-NasdaqTX-2026-013

SEC Notice: Nasdaq Texas Rule Change and Nasdaq Connectivity Fee Increase

This notice from the Securities and Exchange Commission (SEC) addresses proposed rule changes by Nasdaq Texas, LLC and The Nasdaq Stock Market LLC: - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors Mentioned: - Nasdaq Texas, LLC - The Nasdaq Stock Market LLC - Products/Services Requested: - Amendment to Nasdaq Texas rules for Professional order review (from quarterly to monthly) - 10% fee increase for connectivity services at The Nasdaq Stock Market LLC's Testing Facility in Carteret, NJ - Includes monthly hand-off fees and one-time installation fees - Unique or Notable Requirements: - No physical products, part numbers, or purchase quantities are requested - The rule change aims to ensure more timely and accurate designation of Professional orders - Fee increase is intended to support ongoing maintenance and improvement of market technology - Place of Performance/Delivery: - Nasdaq Testing Facility, Carteret, New Jersey

Description

The Securities and Exchange Commission (SEC) published a notice about a proposed rule change filed by Nasdaq Texas, LLC. The rule change aims to amend the review process for Professional orders by shortening the review period from quarterly to monthly. This change requires Participants to designate orders as Professional if a customer averages more than 390 orders per day during any calendar month, ensuring more timely and accurate order representation. The proposal also includes technical amendments to harmonize rule structures with other Nasdaq exchanges.

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