Federal Register #SR-TXSE-2026-035

TXSE proposes lowering fees for orders that remove displayed liquidity

The Securities and Exchange Commission notice concerns a proposed Texas Stock Exchange fee-schedule change, not a government procurement opportunity. - Government agency: U.S. Securities and Exchange Commission (SEC). - Filing entity: Texas Stock Exchange LLC (TXSE), which proposes lowering its transaction fee from $0.0030 to $0.0029 per share for executions in securities priced at or above $1.00 per share when orders remove displayed liquidity from the TXSE Book. - Stated purpose: TXSE says the lower fee is intended to attract order flow, increase trading activity, and promote liquidity and price discovery. - Other company mentioned: MEMX, cited as an example of an exchange with comparable liquidity-removal fees. - Procurement status: This is a regulatory filing, not a request to buy products or services. No products, services, quantities, or part numbers are requested.

Description

Texas Stock Exchange LLC filed a proposed rule change to lower the transaction fee for executions of orders that remove displayed liquidity from the TXSE Book in securities priced at or above $1.00 per share. The fee would be reduced from $0.0030 to $0.0029 per share. The notice states that the change is intended to take effect upon commencement of TXSE's operations as a national securities exchange; the filing also describes implementation on October 1, 2026. The filing became effective under the applicable Exchange Act provisions, and the SEC invited comments by November 4, 2026.

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