Federal Register #SR-NYSETEX-2026-20

SEC Notice: NYSE Texas, Inc. Proposed Rule 11.5310 (Best Execution)

This notice from the Securities and Exchange Commission (SEC) announces a proposed rule change by NYSE Texas, Inc. regarding best execution standards for customer orders. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or commercial vendors are mentioned, as this is a regulatory notice, not a procurement opportunity - Products/Services Requested: - No products or services are being procured - Notable Requirements: - NYSE Texas, Inc. proposes Rule 11.5310 (Best Execution), establishing obligations for Participants, Participant Firms, and Associated Persons to use reasonable diligence in executing customer orders at the most favorable prices - The rule is modeled after similar standards from Nasdaq PHLX and NYSE - Includes detailed guidance and supplementary material clarifying best execution requirements - Public comments are invited on the proposed rule change - No contract value, period of performance, or line items are applicable

Description

The Securities and Exchange Commission announced the filing and immediate effectiveness of a proposed rule change by NYSE Texas, Inc. to adopt new Rule 11.5310 (Best Execution). This rule governs the best execution obligations of Participants, Participant Firms, and Associated Persons to ensure customer orders are executed at the best market prices under prevailing conditions. The rule is based on similar rules from Nasdaq PHLX and NYSE and aims to enhance customer order protection and promote fair competition. The notice invites comments and provides detailed guidance on the rule's application and obligations.

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