# Federal Register #SR-TXSE-2026-035

TXSE proposes lowering fees for orders that remove displayed liquidity

**Buyer:** Securities and Exchange Commission
**Posted:** October 14, 2026
**Identifier:** SR-TXSE-2026-035
**NAICS:** 523210

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.

[View original listing](https://www.federalregister.gov/documents/2026/10/14/2026-20923/self-regulatory-organizations-texas-stock-exchange-llc-notice-of-filing-and-immediate-effectiveness)