Notice2026-18398
Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend 24X Rule 13.4(a) To Reflect Name Changes and the Operation of Texas Stock Exchange LLC
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 10, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 174 (Thursday, September 10, 2026)</title>
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[Federal Register Volume 91, Number 174 (Thursday, September 10, 2026)]
[Notices]
[Pages 57672-57674]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-18398]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106280; File No. SR-24X-2026-22]
Self-Regulatory Organizations; 24X National Exchange LLC; Notice
of Filing and Immediate Effectiveness of Proposed Rule Change To Amend
24X Rule 13.4(a) To Reflect Name Changes and the Operation of Texas
Stock Exchange LLC
September 4, 2026.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that, on August
[[Page 57673]]
26, 2026, 24X National Exchange LLC (``24X'' or the ``Exchange'') filed
with the Securities and Exchange Commission (the ``Commission'') the
proposed rule change as described in Items I and II below, which Items
have been prepared by the self-regulatory organization. The Commission
is publishing this notice to solicit comments on the proposed rule
change from interested persons.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
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I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to amend Rule 13.4(a) (Usage of Data Feeds)
to reflect the operation of Texas Stock Exchange LLC (``Texas Stock
Exchange'') as a registered national securities exchange, and to
reflect the name changes of Nasdaq BX, Inc (``Nasdaq BX'') to Nasdaq
Texas, LLC (``Nasdaq Texas'') and of NYSE Chicago, Inc. (``NYSE
Chicago'') to NYSE Texas, Inc. (``NYSE Texas''). The proposed rule
change is available on the Exchange's website at <a href="https://equities.24exchange.com/regulation">https://equities.24exchange.com/regulation</a> and at the principal office of the
Exchange.
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization
included statements concerning the purpose of, and basis for, the
proposed rule change and discussed any comments it received on the
proposed rule change. The text of those statements may be examined at
the places specified in Item IV below. The Exchange has prepared
summaries, set forth in sections A, B, and C below, of the most
significant parts of such statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and the
Statutory Basis for, the Proposed Rule Change
1. Purpose
Exchange Rule 13.4(a) (Usage of Data Feeds) lists the specific data
feeds the Exchange uses for the handling, execution and routing of
orders, as well as for surveillance necessary to monitor compliance
with applicable securities laws and Exchange Rules. The Exchange
proposes to amend Rule 13.4(a) to reflect the operation of Texas Stock
Exchange as a registered national securities exchange, and to reflect
the name changes of Nasdaq BX to Nasdaq Texas and of NYSE Chicago to
NYSE Texas.
On September 30, 2025, the Commission approved the Texas Stock
Exchange's application to register as a national securities
exchange.\3\ As part of its transition to exchange status, Texas Stock
Exchange launched the first stage of its trading operations on July 6,
2026.\4\ The Exchange therefore proposes to update Rule 13.4(a)
regarding the public disclosure of the sources of data that the
Exchange utilizes to reflect the operation of Texas Stock Exchange as a
registered national securities exchange beginning on July 6, 2026.
Specifically, the Exchange proposes to amend Rule 13.4(a) to include
Texas Stock Exchange by stating it will utilize Texas Stock Exchange
market data from the Consolidated Quotation System (``CQS'')/UTP
Quotation Data Feed (``UQDF'') for purposes of order handling, routing,
execution, and related compliance processes.
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\3\ See Securities Exchange Act Release No. 104146 (Sept. 30,
2025), 90 FR 47880 (Oct. 2, 2025).
\4\ See Office of the Texas Governor, ``Governor Abbott Marks
Successful Trading Launch Of Texas Stock Exchange'' (Jul. 31, 2026),
available at: <a href="https://gov.texas.gov/news/post/governor-abbott-marks-successful-trading-launch-of-texas-stock-exchange">https://gov.texas.gov/news/post/governor-abbott-marks-successful-trading-launch-of-texas-stock-exchange</a>.
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In addition, both Nasdaq BX and NYSE Chicago filed with the
Commission respective proposals to convert from a corporation organized
under the laws of the state of Delaware to one organized under the laws
of the state of Texas, and correspondingly changed their names from
Nasdaq BX, Inc. to Nasdaq Texas, LLC and from and NYSE Chicago, Inc. to
NYSE Texas, Inc.\5\ Given that Nasdaq BX and NYSE Chicago are two of
the market centers listed under Rule 13.4(a), the Exchange accordingly
proposes conforming changes to its rules to replace the name of Nasdaq
BX with Nasdaq Texas and to replace the name of NYSE Chicago with NYSE
Texas.
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\5\ See Securities Exchange Act Release No. 104736 (Jan. 29,
2026), 91 FR 4980 (Feb. 3, 2026) (SR-BX-2026-05); Securities
Exchange Act Release No. 102507 (Feb. 28, 2025), 90 FR 11445 (Mar.
6, 2025) (SR-NYSECHX-2025-01).
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The proposed changes are conforming and non-substantive in nature.
2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6 of the Act \6\ in general, and with
Section 6(b)(5) of the Act \7\ in particular, because it is designed to
prevent fraudulent and manipulative acts and practices, to promote just
and equitable principles of trade, to foster cooperation and
coordination with persons engaged in facilitating transactions in
securities, to remove impediments to, and perfect the mechanism of, a
free and open market and a national market system and, in general, to
protect investors and the public interest; and it is not designed to
permit unfair discrimination between customers, issuers, brokers, or
dealers.
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\6\ 15 U.S.C. 78f.
\7\ 15 U.S.C. 78f(b)(5).
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In particular, the Exchange believes that the proposal to update
Rule 13.4(a) to include Texas Stock Exchange and to correctly reference
Nasdaq Texas and NYSE Texas will ensure that the Rule correctly
identities and publicly states on a market-by-market basis all of the
specific network processor and proprietary data feeds that the Exchange
utilizes for the handling, routing, and execution of orders, and for
performing the regulatory compliance checks related to each of those
functions. In addition, the proposed amendment would reduce potential
investor and market participant confusion and therefore remove
impediments to and perfect the mechanism of a free and open market and
a national market system by ensuring that investors and market
participants can more easily navigate, understand, and comply with the
Exchange's rules. The proposed amendment would not be inconsistent with
the public interest and the protection of investors because investors
will not be harmed and in fact would benefit from the increased
transparency and clarity, thereby reducing potential confusion.
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition that is not necessary or appropriate
in furtherance of the purposes of the Act. The proposed rule change is
not intended to address competitive issues but rather is concerned
solely with updating Rule 13.4(a) to reflect a complete and accurate
list of exchange names associated with a source of data utilized when
performing order handling, execution, and routing, and for surveillance
necessary to monitor compliance with applicable securities laws and
Exchange rules.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were solicited or received with respect to the
proposed rule change.
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III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the proposed rule change does not: (i) significantly affect
the protection of investors or the public interest; (ii) impose any
significant burden on competition; and (iii) become operative prior to
30 days from the date on which it was filed, or such shorter time as
the Commission may designate, if consistent with the protection of
investors and the public interest, the proposed rule change has become
effective pursuant to Section 19(b)(3)(A) \8\ of the Act and Rule 19b-
4(f)(6) thereunder.\9\ A proposed rule change filed under Rule 19b-
4(f)(6) normally does not become operative prior to 30 days after the
date of the filing. However, pursuant to Rule 19b4(f)(6)(iii),\10\ the
Commission may designate a shorter time if such action is consistent
with the protection of investors and the public interest.
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\8\ 15 U.S.C. 78s(b)(3)(A).
\9\ 17 CFR 240.19b-4(f)(6). In addition, Rule 19b-4(f)(6)
requires a self-regulatory organization to give the Commission
written notice of its intent to file the proposed rule change at
least five business days prior to the date of filing of the proposed
rule change, or such shorter time as designated by the Commission.
The Exchange has satisfied this requirement.
\10\ 17 CFR 240.19b-4(f)(6)(iii).
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At any time within 60 days of the filing of such proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings under
Section 19(b)(2)(B) \11\ of the Act to determine whether the proposed
rule change should be approved or disapproved.
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\11\ 15 U.S.C. 78s(b)(2)(B).
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IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
<bullet> Use the Commission's internet comment form (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>); or
<bullet> Send an email to <a href="/cdn-cgi/l/email-protection#ddafa8b1b8f0beb2b0b0b8b3a9ae9daeb8bef3bab2ab"><span class="__cf_email__" data-cfemail="186a6d747d357b7775757d766c6b586b7d7b367f776e">[email protected]</span></a>. Please include
file number SR-24X-2026-22 on the subject line.
Paper Comments
<bullet> Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to file number SR-24X-2026-22. This file
number should be included on the subject line if email is used. To help
the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (<a href="https://www.sec.gov/rules/sro.shtml">https://www.sec.gov/rules/sro.shtml</a>). Copies of the filing will be available for inspection and
copying at the principal office of the Exchange. Do not include
personal identifiable information in submissions; you should submit
only information that you wish to make available publicly. We may
redact in part or withhold entirely from publication submitted material
that is obscene or subject to copyright protection. All submissions
should refer to file number SR-24X-2026-22 and should be submitted on
or before October 1, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
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\12\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-18398 Filed 9-9-26; 8:45 am]
BILLING CODE 8011-01-P
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