# Federal Register #SR-MX2-2026-07

MX2 LLC proposes monthly review and designation of Professional Orders

**Buyer:** Securities and Exchange Commission
**Posted:** September 30, 2026
**Respond By:** October 21, 2026
**Identifier:** SR-MX2-2026-07

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.

[View original listing](https://www.federalregister.gov/documents/2026/09/30/2026-19954/self-regulatory-organizations-mx2-llc-notice-of-filing-and-immediate-effectiveness-of-a-proposed)