Opportunity
Federal Register #SR-TXSE-2026-005
SEC Review of Texas Stock Exchange Listing Rules and Cboe Silexx Platform Enhancement
Buyer
Securities and Exchange Commission
Posted
May 08, 2026
Identifier
SR-TXSE-2026-005
NAICS
523210
This opportunity concerns proposed regulatory changes and technology enhancements in the financial exchange sector: - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - Texas Stock Exchange LLC (TXSE) - Cboe Exchange, Inc. (Cboe) - Products/Services Requested: - No physical products are being procured - Service: Real-time broker stock loan inventory functionality for the Silexx trading platform - Enables Silexx brokers to provide real-time inventory views to users for listed stocks and options - Delivered via a new FIX connectivity offering - Unique or Notable Requirements: - TXSE proposes new rules for listing and trading Closed-End Funds and Interval Funds, modeled after Cboe BZX Exchange standards - Includes quantitative listing standards: minimum public distribution, market value, net assets, bid price, shareholder count, and registered market makers - Outlines criteria for suspension, delisting, surveillance, and listing fees - Cboe Exchange, Inc. proposes a technology enhancement to improve broker efficiency and order management on the Silexx platform - The focus is on regulatory and technology changes to facilitate new types of exchange-traded securities and improve trading efficiency, not on the purchase of goods or traditional services.
Description
The Texas Stock Exchange LLC has filed a proposed rule change to adopt rules related to the listing and trading of closed-end funds on the exchange. The proposal includes adding new rules for initial and continued quantitative listing standards for Closed-End Funds and Interval Funds, based on existing criteria from the Cboe BZX Exchange. The proposed rules also address suspension and delisting criteria, surveillance procedures, and listing fees. The rule change aims to enhance competition and protect investors by facilitating the listing and trading of additional exchange-traded securities.