Federal Register #SR-IEX-2026-09

SEC Notice of Proposed Rule Change by Investors Exchange LLC to Amend IEX Rule 11.240 for Odd-Lot Reporting

This notice concerns a proposed regulatory change by the Securities and Exchange Commission (SEC) affecting Investors Exchange LLC (IEX): - Government Buyer: - Securities and Exchange Commission (SEC) - Regulated Entity: - Investors Exchange LLC (IEX) - Subject of Notice: - Proposed amendment to IEX Rule 11.240 - Aligns IEX's trade execution, reporting, and quotation dissemination with recent amendments to SEC Regulation NMS (Rules 600 and 603) - Focuses on the reporting and dissemination of odd-lot quotations and transactions - Key Details: - No products or services are being procured - No OEMs or vendors are involved - The action is regulatory, not a procurement - Intended to improve market data transparency and investor protection by ensuring comprehensive odd-lot information is provided to Securities Information Processors (SIPs) - Locations: - SEC headquarters, Washington, DC - Investors Exchange LLC principal office

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change by Investors Exchange LLC to amend IEX Rule 11.240. The amendment aligns the rule with recent changes to Rules 600 and 603 of Regulation NMS concerning the reporting and dissemination of odd-lot information. The rule change aims to ensure compliance with new reporting obligations effective May 1, 2026, enhancing transparency and market data dissemination. The filing is effective immediately upon submission to the Commission.

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