Federal Register #SR-MRX-2026-33

SEC Notice: Nasdaq MRX Proposed Rule Change on Market Maker Quoting Obligations

This opportunity involves a proposed rule change by Nasdaq MRX, LLC, as published by the Securities and Exchange Commission (SEC): - Government buyer: - Securities and Exchange Commission (SEC) - Nasdaq MRX, LLC (as the proposing entity) - No OEMs, vendors, or commercial products/services are mentioned, as this is a regulatory notice, not a procurement action - Key details of the proposed rule change: - Aggregates quoting obligations for Primary Market Makers (PMMs) and Preferred Market Makers (PMMs) associated with the same member - Streamlines compliance by allowing combined quoting activity to meet the 90% continuous two-sided quotation requirement - Does not change the quoting obligations for Competitive Market Makers, which remain at 60% - No products, part numbers, or purchase quantities are involved - No unique technical or operational requirements beyond the regulatory amendment

Description

Nasdaq MRX, LLC has filed a proposed rule change with the Securities and Exchange Commission to amend market maker quoting obligations. The amendment modifies how quoting activity for Primary Market Makers and Preferred Market Makers associated with the same member is aggregated and counted toward applicable quoting requirements. The proposal aims to eliminate duplicative monitoring while maintaining the substantive quoting standards, ensuring continuous two-sided quotations in 90% of the cumulative number of seconds during the trading day. The change does not affect Competitive Market Makers' quoting obligations.

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