Federal Register #SR-ISE-2026-37

SEC Notice: Proposed Exchange Rule Changes on Complex Order Rebates and Connectivity Services

This notice summarizes proposed rule changes by major U.S. securities exchanges, as published by the Securities and Exchange Commission (SEC): - Government Buyer: - Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs/Exchanges Mentioned: - Nasdaq ISE, LLC - NYSE Texas, Inc. - Products/Services Requested: - No physical products or traditional services are being procured; the notice concerns regulatory changes to exchange fee schedules and incentives - Nasdaq ISE proposes additional tiered rebates for Priority Customer complex orders, specifically for members transacting an average daily volume exceeding 10,000 FLEX Options contracts per month - Applies to both Select and Non-Select Symbols - NYSE Texas proposes to delete the obsolete 1 Gb Optic Access Circuit service and clarify access centers for 10 Gb and 40 Gb Optic Access circuits - Unique or Notable Requirements: - Rebates are contingent on meeting specific trading volume thresholds (over 10,000 FLEX Options contracts daily) - Changes are designed to enhance market liquidity and clarify fee schedules - No procurement of goods or IT systems; this is a regulatory/market structure change

Description

The Securities and Exchange Commission has filed a proposed rule change by Nasdaq ISE, LLC to amend the exchange's rules at Options 7, Section 4 concerning complex order fees and rebates. The amendment proposes additional rebates for members who transact an average daily volume of more than 10,000 contracts of FLEX Orders in a given month, in addition to existing Priority Customer complex order rebates. The filing aims to attract more order flow and enhance liquidity on the exchange. The notice is effective immediately and invites public comments.

View original listing