Federal Register #SR-IEX-2026-19

SEC Notice: IEX Rule Change to Permit Pegged and D-Limit Orders in Extended Trading Sessions

This notice from the Securities and Exchange Commission (SEC) concerns a proposed rule change by Investors Exchange LLC (IEX) regarding trading order types. - Government buyer: - Securities and Exchange Commission (SEC) - Investors Exchange LLC (IEX) is the subject of the rule change, not a vendor - No OEMs or commercial vendors are involved, as this is a regulatory action - Products/services requested: - No procurement of products or services; the notice pertains to a change in trading rules - Key details of the rule change: - Amends IEX Rule 11.190 to allow trading of pegged order types and Discretionary Limit (D-Limit) orders during Pre-Market and Post-Market sessions - Previously, these order types were only available during the Regular Market Session - Includes conforming edits to support order entry and handling during extended sessions - Aims to increase liquidity and execution opportunities outside regular trading hours - All IEX users will be eligible to use the expanded order types during these sessions - No contract, procurement, or acquisition activity is involved in this notice

Description

The Securities and Exchange Commission published a notice regarding a proposed rule change by Investors Exchange LLC to amend Rule 11.190. The amendment permits trading of certain pegged order types and the Discretionary Limit (D-Limit) order type during the Exchange's Pre-Market and Post-Market sessions, which were previously only eligible during the Regular Market Session. The proposal aims to increase liquidity and execution opportunities outside regular trading hours and is designated as non-controversial with immediate effectiveness. The rule change also includes conforming edits to support order entry and handling during extended sessions.

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