Federal Register #SRCMESC2026004

SEC Approves Rule Changes for CME Securities Clearing and NYSE Texas MX2 Options Data Feed

This opportunity involves regulatory changes and a new data feed connectivity option in the financial services sector: - Government Buyer: Securities and Exchange Commission (SEC) - OEMs/Vendors Mentioned: - CME Securities Clearing Inc. (CMESC) - NYSE Texas, Inc. - Products/Services Requested: - MX2 Options Data Feed Connectivity - Monthly recurring fee of $2,000 for access to the MX2 Options third-party data feed at the Mahwah, New Jersey data center - Implementation of CMESC clearing services rule changes - Enhancements to member risk management, user authorization, and liquidation processes for U.S. Treasury securities - Unique/Notable Requirements: - Rule changes allow members to enforce contractual termination rights, establish secondary security interests in user funds, and participate in liquidation of user positions - New connectivity option for MX2 Options data feed, expanding access to third-party market data - No specific product part numbers or purchase quantities are listed - Focus is on operational enhancements and new service offerings rather than traditional product procurement

Description

The Securities and Exchange Commission approved a proposed rule change filed by CME Securities Clearing Inc. (CMESC) to modify its rules. The changes support members' risk management and enhance their ability to authorize persons as users. Key modifications include authorizing member enforcement of contractual termination rights against users, providing for secondary security interests in user funds, and allowing member participation in the close-out of a user's positions. These changes aim to enhance members' flexibility and mitigate constraints related to capital requirements, supporting CMESC's clearing services offering.

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