Federal Register #SR-MX2-2026-07

MX2 LLC proposes monthly review and designation of Professional Orders

The Securities and Exchange Commission (SEC) published a regulatory notice about a proposed MX2 LLC rule change, not a request to buy products or services. - Government agency: Securities and Exchange Commission (SEC); no specific sub-agency or office is identified. - Organizations named: MX2 LLC proposed the change; Nasdaq ISE, LLC is the basis for the proposal; MEMX Options is cited as having a similar rule. - Proposal: Amend Exchange Rule 16.1 to require monthly reviews of customer order activity. Customers averaging more than 390 orders per day in a calendar month would have their orders designated as Professional Orders for the following month. - Purpose: Align MX2’s rules with other options exchanges and clarify the timing for order designation. - Procurement scope: No products, services, quantities, part numbers, or OEMs are requested.

Description

MX2 LLC proposes to amend Exchange Rule 16.1 to establish a monthly review of Professional Orders. Under the proposed change, orders for a customer averaging more than 390 orders per day during a calendar month must be represented as Professional orders for the next calendar month. Members would review customer activity and designate orders on a monthly basis. The notice invites comments on whether the proposed rule change is consistent with the Securities Exchange Act.

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