Federal Register #SR-NasdaqTX-2026-042

Nasdaq Texas, LLC Rule Amendments to Become Primary Listing Venue for Equity Securities

This SEC notice details Nasdaq Texas, LLC's proposal to amend its rules to become a primary listing venue for equity securities. - Government buyer: - Securities and Exchange Commission (SEC) - OEMs and vendors mentioned: - Nasdaq Texas, LLC - The Nasdaq Stock Market LLC - Key proposal elements: - Amendments to Equity 1 and Equity 4 rules to align with The Nasdaq Stock Market LLC - New definitions for Exchange-Traded Products and Business Day - Updated market hours definitions - Replacement of trading halt rules - Adoption of new opening and closing procedures - Introduction of new order types: Market On Open, Limit On Open, Opening Imbalance Only, Market On Close, Limit On Close, Imbalance Only Orders - Oversight requirements for securities issued by the exchange or its affiliates - Updates to short sale price test procedures - Unique requirements: - Regulatory changes to enable Nasdaq Texas to operate as a primary listing venue - Operational enhancements for exchange processes - No products or services are being procured; this is a regulatory rule change notice.

Description

Nasdaq Texas, LLC filed a proposed rule change to amend its rules at Equity 1 and Equity 4 to align them with those of The Nasdaq Stock Market LLC. The amendments aim to enable Nasdaq Texas to become a primary listing venue by modifying market hours definitions, adding new definitions, replacing trading halt rules, and adopting new rules for opening and closing processes. The proposal includes new order types and procedures to support the transition to a primary listing market, with the goal of promoting fair and orderly markets and protecting investors.

View original listing