Federal Register #SR-NYSETEX-2026-23

Notice of Proposed Rule Change by NYSE Texas, Inc. to Amend Rule 7.31 on Orders and Modifiers

This opportunity involves a government request for a regulatory rule change, not a procurement of products or services. - Government buyer: - Securities and Exchange Commission (SEC) - Organizations involved: - NYSE Texas, Inc. - NYSE National, Inc. - Subject of the notice: - Proposed amendment to Rule 7.31 governing orders and modifiers on the exchange - Modification will make routable Limit Orders function as Inside Limit Orders unless otherwise specified - Intended to improve execution opportunities by waiting for changes to the National Best Bid or Offer (NBBO) before routing orders - No products, OEMs, or purchase quantities are mentioned - No unique requirements beyond the rule amendment - This is a regulatory rule change, not a procurement opportunity

Description

This notice pertains to the NYSE Texas, Inc., filing a proposed rule change to amend Rule 7.31 regarding orders and modifiers. The proposed change modifies the operation of routable Limit Orders to function as Inside Limit Orders unless otherwise specified. This amendment aims to provide market participants with improved execution opportunities by waiting for changes to the National Best Bid or Offer (NBBO) before routing orders, thereby potentially obtaining better prices. The rule change has been filed with the Securities and Exchange Commission and is effective immediately upon filing.

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