Federal Register #SR-CTA/CQ-2026-01

SEC Considers Extending Processor Hours for Securities Data Dissemination and Amending NTX Options Rules

This opportunity concerns the Securities and Exchange Commission's (SEC) consideration of amendments to the Consolidated Tape Association (CTA) and Consolidated Quotation (CQ) Plans to extend the Processor's operating hours for securities data dissemination. - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors Mentioned: - Major exchanges and regulatory organizations participating in the CTA and CQ Plans, including: - 24X National Exchange LLC - Cboe BYX Exchange, Inc. - Cboe BZX Exchange, Inc. - Cboe EDGA Exchange, Inc. - Cboe EDGX Exchange, Inc. - Cboe Exchange, Inc. - Financial Industry Regulatory Authority, Inc. (FINRA) - Investors Exchange LLC - Long Term Stock Exchange, Inc. - MEMX LLC - MIAX PEARL, LLC - Nasdaq BX, Inc. - Nasdaq ISE, LLC - Nasdaq PHLX LLC - The Nasdaq Stock Market LLC - New York Stock Exchange LLC - NYSE American LLC - NYSE Arca, Inc. - NYSE National, Inc. - NYSE Texas, Inc. - Products/Services Requested: - Extension of Processor's hours to receive and disseminate quotation information, last sale price information, and related data in Eligible Securities - Operating hours: 9:00 p.m. ET Sunday to 8:00 p.m. ET Friday - Daily one-hour technical refresh pause at 8:00 p.m. ET Monday through Thursday - Amendment to NTX Options Rules to allow Market Makers assigned to options classes to participate in Price Improvement Auctions (PRISM) - Unique or Notable Requirements: - Participants utilizing the extended hours must share in the development and operating costs incurred by the Processor - The amendment represents the Fortieth Substantive Amendment to the CTA Plan and the Thirty-First Substantive Amendment to the CQ Plan - Implementation is contingent on market readiness and system updates - Holidays may affect operation hours as specified - Place of Performance/Delivery: - Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090

Description

The Consolidated Tape Association (CTA) and Consolidated Quotation (CQ) Plans Participants filed a proposal with the Securities and Exchange Commission (SEC) to amend the Plans to extend the Processor's hours of operation. The amendment seeks to extend the hours during which the Processor receives and disseminates quotation information, last sale price information, and related data in Eligible Securities from 9:00 p.m. Eastern Time Sunday to 8:00 p.m. Eastern Time Friday, with pauses for technical refreshes on weekdays. The SEC is soliciting comments and instituting proceedings to determine whether to approve or disapprove this amendment, which represents the Fortieth Substantive Amendment to the CTA Plan and the Thirty-First Substantive Amendment to the CQ Plan.

View original listing