Federal Register #SR-CboeBZX-2026-043

SEC Notice of Proposed Rule Change by Cboe BZX Exchange, Inc. to Update Rule 11.26(a)

This notice from the Securities and Exchange Commission (SEC) addresses a proposed rule change by Cboe BZX Exchange, Inc. regarding exchange operations and transparency: - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors Mentioned: - Cboe BZX Exchange, Inc. - Texas Stock Exchange LLC (TXSE) - Nasdaq Texas (formerly Nasdaq BX) - Products/Services Requested: - No products or services are being procured; this is a regulatory notice - Notable Requirements: - Update to Rule 11.26(a) to reflect TXSE's planned operation as a registered national securities exchange - Public disclosure of data sources used for order handling, routing, execution, and compliance - Inclusion of TXSE market data from the Consolidated Quotation System (CQS)/UTP Quotation Data Feed (UQDF) - Replacement of references to Nasdaq BX with Nasdaq Texas - Context: - Regulatory update focused on exchange transparency and operational changes - No procurement or contract value is associated with this notice

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by Cboe BZX Exchange, Inc. to update Rule 11.26(a). The update reflects the planned operation of the Texas Stock Exchange LLC (TXSE) as a registered national securities exchange beginning between July 2, 2026, and July 17, 2026. The rule change includes public disclosure of the sources of data used for order handling, routing, execution, and related compliance processes, and also updates the name of Nasdaq BX to Nasdaq Texas. The proposal aims to enhance transparency, clarity, and regulatory compliance in the exchange's operations.

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