Federal Register #SR-NasdaqTX-2026-035

SEC Notice: Nasdaq Texas Proposes New Consolidated Market Data Feeds

This notice concerns a proposed rule change by Nasdaq Texas, LLC, as published by the Securities and Exchange Commission (SEC). - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - Nasdaq Texas, LLC (proposing entity) - Nasdaq, Inc. (parent company of Nasdaq Texas, LLC) - Other exchanges referenced: NYSE, Cboe - Products/services discussed: - Introduction of two new consolidated market data feeds: - Nasdaq TotalView Plus - Nasdaq Basic Plus - These feeds will aggregate top-of-book and depth-of-book data from Nasdaq, Nasdaq Texas, and Nasdaq PSX - Intended to provide a single connection for consolidated market data - Supports optimized data ingestion and transition to overnight trading - Notable requirements: - No procurement or solicitation for products or services is included - The notice is regulatory, not a request for bids or proposals - References to similar data feeds from other exchanges (e.g., NYSE Best Quote & Trades, Cboe One Feed, NYSE Pillar Depth) for context

Description

The Securities and Exchange Commission has filed a proposed rule change by Nasdaq Texas, LLC to introduce two new data feeds: Nasdaq TotalView Plus and Nasdaq Basic Plus. These feeds will offer consolidated top of book and depth of book information currently disseminated by Nasdaq, Nasdaq Texas, and Nasdaq PSX. The new feeds aim to provide customers with a consolidated option for consuming market data through a single connection, potentially optimizing data ingestion. The proposal is intended to facilitate the transition to overnight trading by providing a broader market view in a lower liquidity environment.

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