Federal Register #SRGEMX202615

SEC Proposed Amendment: Extended Processor Hours for Nasdaq-Listed Securities and Rule Change for Market-Maker Participation

This notice from the Securities and Exchange Commission (SEC) addresses a proposed amendment to the Joint Self-Regulatory Organization Plan (UTP Plan) for Nasdaq-listed securities. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors (Plan Participants): - Cboe BYX Exchange - Cboe BZX Exchange - Cboe EDGA Exchange - Cboe EDGX Exchange - Cboe Exchange - Financial Industry Regulatory Authority (FINRA) - Investors Exchange LLC - Long Term Stock Exchange - MEMX LLC - MIAX PEARL LLC - Nasdaq BX (now Nasdaq Texas) - Nasdaq ISE - Nasdaq PHLX - The Nasdaq Stock Market - New York Stock Exchange - NYSE American - NYSE Arca - NYSE National - NYSE Texas - 24X National Exchange LLC - Products/Services Requested: - Extension of Processor's hours to receive and disseminate quotation and transaction information for Nasdaq-listed securities - New hours: 9:00 p.m. ET Sunday to 8:00 p.m. ET Friday - Daily one-hour pause for technical refreshes - Cost allocation among Participants using extended hours - Rule change for Cboe EDGX Exchange to allow Market-Maker orders in AIM and SAM auctions - Unique or Notable Requirements: - No physical products or hardware are being procured; the notice concerns regulatory and operational changes - The amendment aligns Processor hours with other equity data plans - Market-Makers with appointments in applicable classes may be solicited for initiating orders in simple AIM and SAM auctions, enhancing liquidity and price improvement opportunities - Implementation is contingent on SEC approval and market conditions - Place of Performance/Delivery: - Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090

Description

This notice concerns a proposed amendment to the Joint Self-Regulatory Organization Plan (UTP Plan) that governs the collection, consolidation, and dissemination of quotation and transaction information for Nasdaq-listed securities traded on exchanges on an unlisted trading privileges basis. The amendment, known as Amendment No. 1, seeks to extend the Processor's hours of operation to receive and disseminate quotation information, transaction reports, and related information from 9:00 p.m. Eastern Time Sunday to 8:00 p.m. Eastern Time Friday, with a daily one-hour pause for technical refreshes. The Securities and Exchange Commission (SEC) is soliciting comments and instituting proceedings to determine whether to approve or disapprove this amendment.

View original listing