Federal Register #SR-NasdaqTX-2026-036

SEC Notice: Nasdaq Texas, LLC Proposes Intra-Day Snapshots for NTX Options Trade Outline

The Securities and Exchange Commission (SEC) has announced a proposed rule change from Nasdaq Texas, LLC to enhance options market data delivery. - Government Buyer: - Securities and Exchange Commission (SEC) - Nasdaq Texas, LLC is the proposing entity - OEMs and Vendors: - Nasdaq Texas, LLC (primary developer and operator) - Products/Services Requested: - Introduction of Intra-Day Snapshots for NTX Options Trade Outline - Provides aggregated market sentiment updates at 1-minute intervals - Triggered when two or more trades involving three or more origin types occur within an options series - Supplements existing 10-minute interval updates - No specific part numbers or purchase quantities - Unique/Notable Requirements: - Designed for investment banks, market makers, proprietary trading firms, and asset managers - Preserves participant anonymity while increasing data frequency - Effective immediately upon filing; public notice within 30 days - Comments accepted for a limited period - Other exchanges with similar products referenced: Nasdaq GEMX, Nasdaq Options Market (NOM), Cboe, NYSE American, NYSE Arca, BOX, MIAX PEARL

Description

Nasdaq Texas, LLC has filed a proposed rule change to introduce intra-day snapshots to the NTX options trade outline. This new optional delivery mechanism will provide customers with more frequent updates on market sentiment information as they occur, enhancing the existing 10-minute interval updates. The intra-day snapshots will disseminate aggregated trade information whenever two or more trades involving three or more origin types occur within a one-minute period during regular trading hours. The rule change has been made effective immediately by the Securities and Exchange Commission (SEC).

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