Federal Register #SR-MRX-2026-34

SEC Approval of Nasdaq MRX Rule Change to Discontinue Market Data Connectivity Services

This notice from the U.S. Securities and Exchange Commission (SEC) details the approval of Nasdaq MRX, LLC's proposed rule change to discontinue certain market data connectivity services. - Government Buyer: - U.S. Securities and Exchange Commission (SEC), Division of Trading and Markets - OEMs and Vendors: - Nasdaq MRX, LLC (exchange operator and service provider) - Third-party vendors (unspecified, provide market data connectivity) - Products/Services Requested: - Discontinuation of fiber optic-delivered market data connectivity to Nasdaq Data Center for SIAC, CTS/CQS, OpenBook Ultra, and ArcaBook Multicast - Termination of wireless market data feed connectivity (microwave/millimeter wave) for NYSE Equities, BATS Multicast PITCH, Direct EDGE Depth of Book, CME data feeds - Removal of Proximity-On-Demand (POD) managed colocation offering (never implemented) - Unique/Notable Requirements: - Services are being terminated due to low customer usage and availability from other vendors - Rulebook updated to reflect only currently available services - No new products, services, or fees introduced - Effective dates: fiber optic offerings terminated September 30, 2026; wireless offerings terminated August 31, 2025 - Changes intended to clarify and enhance accuracy of exchange rules

Description

The Securities and Exchange Commission (SEC) has published a notice regarding a proposed rule change by Nasdaq MRX, LLC. The rule change involves amendments to the exchange's connectivity schedule and the discontinuation of a previously proposed offering. Specifically, the Exchange proposes to remove certain fiber optic-delivered market data connectivity offerings and certain discontinued wireless connectivity services, as well as discontinue a Proximity-On-Demand (POD) offering that was never implemented. The changes aim to update the rulebook to reflect current services and enhance clarity without introducing new services or fees.

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