Federal Register #SRIEX202618

SEC Notice: IEX Rule Change to Identify Priority Customer Interest in Options Market Data Feeds

This notice from the Securities and Exchange Commission (SEC) details a proposed rule change by Investors Exchange LLC (IEX) regarding market data dissemination for its options market. - Government Buyer: - Securities and Exchange Commission (SEC) - Division of Trading and Markets - OEMs and Vendors: - No OEMs or commercial vendors are involved; this is a regulatory action, not a procurement. - Products/Services Requested: - Amendment to IEX Rule 22.240 to require identification of Priority Customer interest on the options order book - Dissemination of this information through the Options Price Reporting Authority (OPRA) and proprietary IEX market data feeds (Options TOPS and Options DEEP) - Unique or Notable Requirements: - The change is intended to increase transparency and facilitate faster execution of Priority Customer orders - Aligns IEX with similar practices at other options exchanges (e.g., MIAX, MEMX, Nasdaq PHLX, NYSE American) - Implementation will coincide with the launch of the IEX options market - No products, hardware, or commercial services are being procured; this is a regulatory update affecting market data feeds

Description

The Securities and Exchange Commission has filed a proposed rule change by Investors Exchange LLC to amend Rule 22.240, Data Dissemination. The change will provide that the Exchange will identify Priority Customer interest on its order book through the Options Price Reporting Authority (OPRA) and its proprietary market data feeds, including Options TOPS and Options DEEP. This aims to increase transparency for market participants and facilitate faster executions of Priority Customer orders. The filing is effective immediately and coincides with the anticipated launch of the IEX options market in October 2026.

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