Federal Register #SR-GEMX-2026-28

Nasdaq GEMX Proposed Rule Change on Market Maker Quoting Obligations

This notice concerns a proposed regulatory rule change, not a procurement opportunity. - Government buyer: Securities and Exchange Commission (SEC) - Subject: Nasdaq GEMX, LLC proposes to amend Options 2, Section 5(e) of its rulebook - Focus: Aggregation of quoting obligations for Primary Market Makers (PMMs) and Preferred Market Makers associated with the same Member - Objective: Reduce administrative and operational burdens for market makers - Key details: - Aggregation permitted for PMMs and Preferred Market Makers with materially similar quoting obligations - Maintains requirement for continuous two-sided quotations in 90% of cumulative trading seconds - No OEMs, vendors, or products/services are involved, as this is a regulatory change - Public comments are invited; full text of the filing is available in multiple formats

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by Nasdaq GEMX, LLC to amend market maker quoting obligations. The amendment modifies the manner in which quoting obligations are aggregated and counted toward applicable quoting requirements for Primary Market Makers and Preferred Market Makers associated with the same Member. The proposal aims to reduce administrative burdens while maintaining the substantive quoting standards. The notice invites comments and provides multiple formats for accessing the full text of the filing.

View original listing