Federal Register #SR-MEMX-2026-20

SEC Notice: MEMX LLC Rule Change for Monthly Review of Professional Orders

This notice from the U.S. Securities and Exchange Commission (SEC) addresses a regulatory update, not a procurement opportunity. - Government Buyer: - U.S. Securities and Exchange Commission (SEC), Division of Trading and Markets - Subject of Notice: - MEMX LLC, a self-regulatory organization, proposes a rule change to amend the review process for Professional Orders - The review frequency will shift from quarterly to monthly for customers averaging more than 390 orders per day - Products/Services Requested: - No products, part numbers, or purchase quantities are requested - The only service described is a regulatory process change (monthly review of Professional Orders) - OEMs and Vendors: - No Original Equipment Manufacturers (OEMs) or commercial vendors are mentioned - Unique/Notable Requirements: - The change is intended to improve the speed and accuracy of Professional order designation by exchange members - No procurement of goods or services is involved; this is strictly a regulatory process change

Description

The Securities and Exchange Commission has issued a notice regarding the filing and immediate effectiveness of a proposed rule change by MEMX LLC. The rule change pertains to amendments in the review process of professional orders. The proposal seeks to amend Rule 16.1 to establish a monthly review of Professional orders instead of the current quarterly review. This change aims to ensure that the designation of Professional orders is applied more expeditiously, improving the accuracy and timeliness of order representation.

View original listing