Federal Register #SR-NASDAQ-2026-047

SEC Notice: Nasdaq Proposed Rule Change for Trading Session Transitions

This notice from the Securities and Exchange Commission (SEC) outlines a proposed rule change by The Nasdaq Stock Market LLC regarding trading session transitions. - Government buyer: - Securities and Exchange Commission (SEC) - The Nasdaq Stock Market LLC is the subject of the rule change, not a vendor - No OEMs, vendors, or commercial products are involved - Key proposal details: - Introduces a momentary handoff mechanism when transitioning between Day and Night trading sessions for NMS stocks and exchange-traded products - Aims to prevent overlapping quoting information and ensure orderly, seamless transitions - Supports 23-hour trading operations, five days per week - Clarifies procedures for order cancellation and entry during session transitions - No procurement of goods or services is taking place; this is a regulatory and operational update only

Description

The Nasdaq Stock Market LLC has filed a proposed rule change with the SEC to provide for a momentary handoff upon the commencement of trading of NMS stocks and exchange-traded products. This change aims to enhance trading operations and ensure smooth transition during market open. The proposal includes amendments to the Exchange's rules to facilitate the transition between Day and Night Sessions on the Exchange, which will operate 23 hours per day, five days per week. The momentary handoff will help avoid overlapping quoting information and ensure orderly trading session transitions.

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