Federal Register #SR-BOX-2026-14

SEC Notice: Proposed Rule Change by BOX Exchange LLC to Amend Review of Professional Orders

This SEC notice announces a proposed rule change by BOX Exchange LLC regarding the review and designation of 'Professional' orders: - Regulatory context: - The rule change affects how exchange Participants designate orders as 'Professional' on BOX Exchange LLC - Key change: - Review period for Professional order designation is shortened from quarterly to monthly - Participants must designate orders as 'Professional' if a customer averages more than 390 orders per day during any calendar month - Purpose and impact: - Ensures more timely and accurate designation of Professional orders - Supports market fairness and regulatory compliance - OEMs and vendors: - BOX Exchange LLC is the only organization mentioned - Procurement details: - No products, services, part numbers, or quantities are requested - Notice is regulatory and not a procurement opportunity

Description

The Securities and Exchange Commission has issued a notice regarding a proposed rule change by BOX Exchange LLC. The rule change pertains to amending the review process of professional orders by shortening the review period from quarterly to monthly. This change requires Participants to designate orders as Professional if a customer averages more than 390 orders per day during any calendar month, effective July 1, 2026. The proposal aims to ensure timely and accurate designation of Professional orders, maintaining market fairness and regulatory compliance.

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