Federal Register #SR-NASDAQ-2026-088

SEC notice on Nasdaq proposed trading halt and opening procedures for certain ETPs during 23/5 trading

This SEC notice covers a proposed Nasdaq rule change for trading certain exchange-traded products during 23/5 trading. - Government agency: U.S. Securities and Exchange Commission (SEC). - Proponent: The Nasdaq Stock Market LLC. - The proposal would amend Nasdaq Equity 4, Rule 4120 to set procedures for halting and opening trading in certain exchange-traded products (ETPs) during 23/5 trading. - It applies to newly listed ETPs for which Nasdaq is the primary listing exchange and that do not use the Initial ETP Open process. - The proposal provides for a regulatory halt followed by an opening through the Nasdaq Halt Cross. - The stated purpose is to support fair and orderly markets and investor protection. The SEC is inviting public comments. - This is a proposed regulatory change, not a procurement; no products or services, quantities, or part numbers are requested.

Description

The Nasdaq Stock Market LLC proposes to amend Equity 4, Rule 4120 to establish requirements for halting and opening trading in exchange-traded products during 23/5 trading. The proposed changes address newly listed ETPs for which Nasdaq is the primary listing exchange and that do not use the Initial ETP Open process. The filing describes a regulatory halt and opening procedures, including use of the Nasdaq Halt Cross, and states that the changes would become operative when 23/5 Trading commences. The Securities and Exchange Commission notice invites comments on the proposed rule change.

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