Federal Register #SR-LTSE-2026-15

SEC Notice: LTSE Proposed Rule Change for Market Maker Oversight and Nasdaq Options Regulatory Fee Increase

This notice from the Securities and Exchange Commission (SEC) details a proposed rule change by the Long-Term Stock Exchange, Inc. (LTSE) regarding its Market Maker rules. - The proposal introduces a comprehensive registration and oversight framework for Market Makers and Market Maker Authorized Traders (MMATs) on the LTSE - Includes new definitions and clarified responsibilities for Market Makers and MMATs - Establishes an Assigned Market Maker (AMM) Program for Non-LTSE-Primary-Listed Securities - Aims to align LTSE rules with those of the Cboe BZX Exchange - Separately, The Nasdaq Stock Market LLC proposes to increase its Options Regulatory Fee (ORF) from $0.0157 to $0.0200 per contract side - No procurement of products or services is requested; this is a regulatory rulemaking notice - No OEMs, vendors, or product part numbers are mentioned

Description

The Long-Term Stock Exchange, Inc. has filed a proposed rule change to amend its rules related to Market Makers. The amendments include a comprehensive Market Maker registration framework, responsibilities of Market Makers and Market Maker Authorized Traders (MMATs), and the introduction of an Automated Market Maker (AMM) Program. The proposal aims to promote just and equitable principles of trade, protect investors, and enhance market quality by establishing clear obligations and oversight mechanisms for Market Makers on the Exchange.

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