Federal Register #SR-NASDAQ-2026-034

Proposed Rule Change to Harmonize Nasdaq Options Market Data Feeds

This notice announces a proposed rule change by The Nasdaq Stock Market LLC, published by the Securities and Exchange Commission (SEC), regarding options market data feeds. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - The Nasdaq Stock Market LLC - Nasdaq ISE, LLC - Nasdaq PHLX, LLC - Nasdaq GEMX, LLC - Nasdaq MRX, LLC - Products/Services Requested: - No procurement of products or services; this is a regulatory notice - Proposal to rename and modify existing Nasdaq Options Market data feeds - Existing feeds: Nasdaq ITCH to Trade Options (ITTO), Best of Nasdaq Options (BONO) - New feeds to be introduced: Nasdaq Options Market Order Feed, Nasdaq Options Market Trades Feed - Unique or Notable Requirements: - Harmonization of data feed nomenclature and structure across Nasdaq-affiliated options exchanges - Aims to improve data ingestion efficiency and provide greater customer choice - Allows subscribers to select specific feeds tailored to their needs - No purchase quantities, part numbers, or procurement actions involved - This is a regulatory filing, not a procurement opportunity

Description

This notice announces a proposed rule change by The Nasdaq Stock Market LLC to harmonize its options market data feeds with those of other Nasdaq affiliated options exchanges. The proposal includes renaming and modifying existing data feeds and introducing two new feeds to provide more detailed and customizable market data. The changes aim to improve data ingestion efficiency and customer choice by allowing subscribers to select specific data feeds. The rule change is effective upon filing and is expected to be operative by August 2026.

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