Federal Register #SR-NasdaqTX-2026-054

Nasdaq Texas market-data fee changes for TotalView Plus and Basic Plus

This SEC notice describes a Nasdaq Texas market-data fee rule change, not a government procurement or contract award. - Entities mentioned: The Securities and Exchange Commission (SEC) published the notice; Nasdaq Texas, LLC filed it. The filing also references Nasdaq and Nasdaq PHLX LLC (Nasdaq PSX). - Affected offerings: Nasdaq TotalView Plus, Nasdaq Basic Plus, and Nasdaq Last Sale Plus; no products or services are being solicited for purchase. - Fee changes: The filing describes certain Nasdaq Texas TotalView fee waivers for qualifying distributors and TotalView Plus subscribers, and a $350 monthly data-consolidation fee for distributors receiving Nasdaq Basic Plus or Nasdaq Last Sale Plus. - Purpose and status: The changes are intended to align fee schedules across related Nasdaq offerings and support competition among market-data vendors. The filing states the changes became effective upon filing.

Description

Nasdaq Texas, LLC proposes conforming amendments to its fee schedule concerning Nasdaq TotalView Plus and Nasdaq Basic Plus. The changes would waive specified Nasdaq Texas TotalView distributor fees for qualifying firms that consolidate data feeds for external redistribution and waive Nasdaq Texas TotalView fees for firms purchasing Nasdaq TotalView Plus. They would also establish or clarify administrative and data consolidation fees for firms receiving Nasdaq Basic Plus or Nasdaq Last Sale Plus. The filing states that the amendments align Nasdaq Texas rules with related Nasdaq fee filings.

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