Federal Register #SR-NASDAQ-2026-028

Nasdaq Stock Market LLC Rule Change: Data Feeds Update for Texas Stock Exchange (TXSE)

This notice concerns a proposed rule change by The Nasdaq Stock Market LLC, published by the Securities and Exchange Commission (SEC), to update its data feeds table for a new market center. - Government Buyer: - Securities and Exchange Commission (SEC) is the regulatory authority overseeing the rule change - OEMs and Vendors Mentioned: - Nasdaq Stock Market LLC (primary filer and operator) - Texas Stock Exchange (TXSE) (new market center) - CQS/UQDF (Consolidated Quotation System/Unlisted Trading Privileges Data Feed) - Nasdaq Texas (renamed exchange) - NYSE Texas (renamed exchange) - Products/Services Requested: - No procurement of products or services; this is a regulatory update - Amendment to Equity 4, Rule 4759 to: - Establish TXSE direct feed as the primary source of quotation data - Use CQS/UQDF as the secondary source - Update exchange names to Nasdaq Texas and NYSE Texas - Unique or Notable Requirements: - Ensures transparency and compliance in order handling and execution - Focuses on accurate and reliable market data sourcing for a new exchange - No acquisition of hardware, software, or services is involved

Description

The Nasdaq Stock Market LLC filed a proposed rule change to amend Equity 4, Rule 4759, updating the data feeds table to establish a primary and secondary source of quotation data for a new market center, the Texas Stock Exchange (TXSE). The amendment includes receiving a direct feed from TXSE as the primary source and using CQS/UQDF as the secondary source. Additionally, the rule change updates the names of two recently renamed exchanges to Nasdaq Texas and NYSE Texas. This change aims to enhance transparency and maintain regulatory compliance in order handling and execution.

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