Federal Register #SR-MX2-2026-02

SEC Notice: MX2 LLC Disaster Recovery Testing Rule & Nasdaq Texas Complimentary Services

This notice summarizes recent regulatory actions and service offerings in the financial exchange sector: - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - MX2 LLC (self-regulatory organization and exchange operator) - Nasdaq Texas, LLC (exchange operator) - Products/Services Requested: - MX2 LLC: Mandatory participation by at least three Options Members in disaster recovery testing of backup systems for the first year of MX2 Options operations, in compliance with Regulation SCI - No specific products, part numbers, or purchase quantities are listed - Nasdaq Texas, LLC: Complimentary corporate services package for companies listed on its exchange, including: - Monthly Stock Surveillance - Select Global Targeting - Market Analytic Tools - Each service valued between $32,500 and $37,500 per year, provided for one year to eligible companies - Unique or Notable Requirements: - MX2 LLC will designate Options Members for disaster recovery testing based on significant trading activity on other options exchanges if no trading data is available - Nasdaq Texas, LLC's complimentary services are available to companies listed or approved on or before a specified date, for a one-year period - No procurement of goods or services by the government is solicited; the notice is informational regarding regulatory compliance and exchange service offerings

Description

The Securities and Exchange Commission has filed a proposed rule change by MX2 LLC to amend Rule 2.4 regarding mandatory participation in testing of backup systems. The amendment specifies how the Exchange will designate certain Options Members to participate in mandatory disaster recovery testing for the first calendar year in which the Exchange is operational. The rule change is effective immediately upon filing and aims to ensure compliance with Regulation SCI and maintain fair and orderly markets during disaster recovery testing.

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