Federal Register #SR-NasdaqTX-2026-015

SEC Notice: Nasdaq Texas, LLC Proposed Rule Change on Quotation Data Feeds

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by Nasdaq Texas, LLC regarding market data feeds: - Government Buyer: - Securities and Exchange Commission (SEC) - Relevant Entities: - Nasdaq Texas, LLC (market operator) - Texas Stock Exchange (TXSE) - CQS/UQDF (Consolidated Quotation System/Unlisted Trading Privileges Quotation Data Feed) - NYSE Texas (recently renamed exchange) - Key Details: - The rule change amends Equity 4, Rule 4759 to specify the primary and secondary sources of quotation data for a new market center - TXSE direct feed will be the primary source - CQS/UQDF will serve as the secondary source - The table of market centers is updated to reflect the new name of NYSE Texas - Notable Requirements: - Focus on transparency and reliability of market data feeds for market participants - No procurement of products or services is involved; this is a regulatory update - Place of Performance/Regulatory Action: - SEC headquarters, 100 F Street NE, Washington, DC 20549

Description

The Securities and Exchange Commission (SEC) published a notice regarding Nasdaq Texas, LLC's proposed rule change to amend Equity 4, Rule 4759. The amendment establishes a primary and secondary source of quotation data for a new market center, specifically adding a direct feed from the Texas Stock Exchange as the primary source and CQS/UQDF as the secondary source. The rule change aims to improve data feed reliability and transparency for market participants and became effective immediately upon filing.

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