Notice2026-19725
Self-Regulatory Organizations; MX2 LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Fee Schedule To Adopt Transaction Fees and Rebates, Routing Fees, and Definitions
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 28, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 186 (Monday, September 28, 2026)</title>
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[Federal Register Volume 91, Number 186 (Monday, September 28, 2026)]
[Notices]
[Pages 61260-61263]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19725]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-106479; File No. SR-MX2-2026-08]
Self-Regulatory Organizations; MX2 LLC; Notice of Filing and
Immediate Effectiveness of a Proposed Rule Change To Amend the
Exchange's Fee Schedule To Adopt Transaction Fees and Rebates, Routing
Fees, and Definitions
September 23, 2026.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(the ``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given
that on September 22, 2026, MX2 LLC (``MX2'' or the ``Exchange'') filed
with the Securities and Exchange Commission (the ``Commission'') the
proposed rule change as described in Items I, II and III below, which
Items have been prepared by the Exchange. 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 is filing with the Commission a proposed rule change
to amend the Exchange's fee schedule applicable to Members \3\ of the
Exchange pursuant to Exchange Rule 15.1(a) and (c). Specifically, the
Exchange proposes to adopt transaction fees and rebates (``Transaction
Fees''), routing fees (``Routing Fees''), and notes and definitions
(``Notes and Definitions'') within the MX2 Options Fee Schedule (the
``Options Fee Schedule''). The Exchange proposes to implement the
Options Fee Schedule pursuant to this proposal immediately. The text of
the proposed rule change is provided in Exhibit 5.
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\3\ See Exchange Rule 1.5(p).
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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 Exchange 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 these 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 aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
The purpose of the proposed rule change is to (i) establish
transaction fees applicable to all Members trading on MX2 Options; (ii)
establish routing fees applicable to all Members trading on MX2 Options
who route orders to away exchanges; (iii) define and clarify terms used
in the Options Fee Schedule.\4\
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\4\ The Exchange initially filed the proposed Options Fee
Schedule changes on September 11, 2026 (SR-MX2-2026-06). On
September 22, 2026, the Exchange withdrew that filing and submitted
this proposal.
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Transaction Fees
Below is a description of the fees and rebates for executions on
MX2 Options. Under the Exchange's proposal, transactions will be
assessed a per contract fee (or be provided a rebate) dependent upon
the origin of the initiating party, whether the underlying security of
the applicable option is in the Penny Interval Program (``Penny
options'') or not in the Penny Interval Program (``Non-Penny
options''), and, finally, whether the transaction adds (``Maker'') or
removes (``Taker'') liquidity from the MX2 Options Book.
The Exchange will provide fee qualifiers to distinguish between
Customer transactions and Non-Customer transactions.\5\ MX2 Options
will provide Fee Codes to distinguish between transactions in Penny
options and transactions in Non-Penny options.\6\ MX2 Options will also
provide Fee Codes to distinguish between transactions that add
liquidity to the MX2 Options Book and transactions that remove
liquidity from the MX2 Options Book.\7\
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\5\ MX2 Options will provide fee qualifier ``c'' for Customer
transactions. MX2 Options will provide fee qualifier ``m'' for
market maker transactions, fee qualifier ``p'' for professional
transactions, fee qualifier ``f'' for firm transactions, fee
qualifier ``a'' for away market maker transactions, and fee
qualifier ``b'' for broker-dealer transactions. Each of market maker
transactions, professional transactions, firm transactions, away
market maker transactions, and broker-dealer transactions shall be
referred to as ``Non-Customer'' transactions. Fee qualifiers will be
provided by the Exchange on the monthly invoices provided to
Members.
\6\ MX2 Options will provide Fee Code ``P'' for transactions in
Penny options and Fee Code ``N'' for transactions in Non-Penny
options. Fee Codes will be provided by the Exchange on the monthly
invoices provided to Members.
\7\ MX2 Options will provide Fee Code ``D'' for transactions
which add liquidity to the MX2 Options Book, and Fee Code ``R'' for
transactions that remove liquidity from the MX2 Options Book. Fee
Codes will be provided by the Exchange on the monthly invoices
provided to Members.
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The Fee Codes and fee qualifiers will be used to make clear to
Members what rebates were provided to them and which fees were
assessed.\8\ The Exchange believes that designating the Fee Codes will
make clear the different types of fees and rebates passed back to
Members on execution reports and will be useful for the Exchange in
considering potential pricing modifications as it continues to evaluate
its pricing structure on an ongoing basis after the launch of MX2
Options. The Exchange's Fee Codes and fee qualifiers will assist the
Exchange and Members with financial planning, tracking, and
reconciliation of invoices generated by the Exchange.
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\8\ For example, for a Customer order in a Penny option that
removes liquidity from the MX2 Book, the Exchange would pass back
the Fee Code RcP. As another example, for a Non-Customer Away Market
Maker order in a Non-Penny option that adds liquidity to the MX2
Book, the Exchange would pass back the Fee Code DaN.
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Specifically, for Customer transactions, the Exchange proposes to
provide a Maker rebate of $0.28 per contract and a Taker rebate of
$0.48 per contract for transactions in Penny options and a Maker rebate
of $0.65 per contract and a Taker rebate of $0.92 per contract for
transactions in Non-Penny options.
For Non-Customer transactions,\9\ the Exchange proposes to assess a
Maker fee of $0.50 per contract and a Taker fee of $0.50 per contract
for transactions in Penny Options and a Maker fee of $0.95 per contract
and a Taker fee of $0.94 per
[[Page 61261]]
contract for transactions in Non-Penny options.
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\9\ As noted previously, Non-Customer transactions include
executions in the Market Maker, Professional, Firm, Away Market
Maker, and Broker-Dealer capacities.
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The Exchange does not initially propose to charge tiered fees or
provide tiered rebates according to the volume of orders submitted to
MX2 Options. Accordingly, all fees and rebates described above are
applicable to all Members regardless of the overall volume of a
Member's activities on MX2 Options.
Routing Fees
The Exchange proposes to assess Routing Fees on orders routed to
other options exchanges. The amount of the applicable fee will be based
on whether the order is for a Penny or Non-Penny option. At this time,
the Exchange will not charge different routing fees according to the
capacity of the order. The Exchange will charge a fee of $1.20 for
Penny options routed to another options exchange and $1.63 for Non-
Penny options routed to another options exchange.
The purpose of the proposed Routing Fees is to recoup costs
incurred by the Exchange when routing orders to other options exchanges
on behalf of Options Members. In determining its proposed Routing Fees,
the Exchange took into account transaction fees assessed by other
options exchanges, the Exchange's projected clearing costs, and the
projected administrative, regulatory, and technical costs associated
with routing orders to other options exchanges. The Exchange will use
its affiliated broker-dealer, MEMX Execution Services, to route orders
to other options exchanges or to other broker-dealers that will route
such orders to other options exchanges. Routing services offered by the
Exchange and its affiliated broker-dealer are completely optional and
market participants can readily select between various providers of
routing services, including other exchanges and broker-dealers. The
proposed structure for routing fees is similar to the fee structure in
place for routing at various other exchanges, including the Exchange's
affiliate, MEMX Options.\10\ The Exchange believes that the proposed
Routing Fees would enable the Exchange to recover the costs it incurs
to route orders to away markets after taking into account the other
costs associated with routing orders to other options exchanges.
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\10\ See Exchange Act Release Nos. 97234 (March 31, 2023), 88 FR
20589 (April 6, 2023) (SR-NYSEARCA-2023-28) and 104571 (January 9,
2026) 91 FR 1573 (January 14, 2026) (SR-MEMX-2025-35).
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Notes and Definitions
The Exchange has included a Notes and Definitions section within
the Options Fee Schedule. The purpose of this section is to streamline
the Options Fee Schedule by placing many of the defined terms used in
the Options Fee Schedule in one location, as well as clarifying certain
terminology. The Definitions section defines the terms ``Penny Program
Securities'', ``Away Market Maker'', ``Broker Dealer'', ``Customer'',
``Firm'', ``Market Maker'', and ``Professional''. Many of the defined
terms are also defined in the Exchange Rules, particularly in Exchange
Rule 16.1. The Exchange notes that other exchanges have Notes and
Definitions sections in their respective fee schedules,\11\ and the
Exchange believes that including such section makes the Options Fee
Schedule more readable and user-friendly.
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\11\ See, e.g., the MEMX Options Fee Schedule, available at:
<a href="https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/">https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/</a>; the MIAX Pearl Options Fee Schedule,
available at <a href="https://www.miaxglobal.com/sites/default/files/page-files/MIAX_Pearl_Options_Fee_Schedule_08082023.pdf">https://www.miaxglobal.com/sites/default/files/page-files/MIAX_Pearl_Options_Fee_Schedule_08082023.pdf</a>; the Cboe BZX
Options Fee Schedule, available at <a href="https://www.cboe.com/us/options/membership/fee_schedule/bzx/">https://www.cboe.com/us/options/membership/fee_schedule/bzx/</a>; and the Nasdaq Options Market Fee
Schedule, available at <a href="https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-options-7">https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-options-7</a>.
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2. Statutory Basis
The Exchange believes that the proposed rule change is consistent
with the provisions of Section 6(b) \12\ of the Act in general, and
furthers the objectives of Sections 6(b)(4) \13\ of the Act, in
particular, in that it is designed to provide for the equitable
allocation of reasonable dues, fees and other charges among its Members
and other persons using its facilities. Additionally, the Exchange
believes that the proposed fees and rebates are consistent with the
objectives of Section 6(b)(5) \14\ of the Act in that they are designed
to promote just and equitable principles of trade, to foster
cooperation and coordination with persons engaged in regulating,
clearing, settling, processing information with respect to, and
facilitating transactions in securities, to remove impediments to a
free and open market and national market system, and, in general, to
protect investors and the public interest, and, particularly, are not
designed to permit unfair discrimination between customers, issuers,
brokers, or dealers.
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\12\ 15 U.S.C. 78f.
\13\ 15 U.S.C. 78f(b)(4).
\14\ 15 U.S.C. 78f(b)(5).
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Upon its launch, MX2 Options will operate in a highly competitive
market in which market participants can readily direct order flow to
competing venues if they deem fee levels at a particular venue to be
excessive or incentives to be insufficient. The Exchange believes that
the proposed Fee Schedule reflects a simple and competitive pricing
structure designed to incentivize market participants to add liquidity
and direct their order flow to the Exchange, which the Exchange
believes would promote price discovery and price formation and deepen
liquidity that is subject to the Exchange's transparency, regulation,
and oversight as an exchange, thereby enhancing market quality to the
benefit of all Members and investors.
The Commission and the courts have repeatedly expressed their
preference for competition over regulatory intervention in determining
prices, products, and services in the securities markets. In Regulation
NMS, while adopting a series of steps to improve the current market
model, the Commission highlighted the importance of market forces in
determining prices and SRO revenues and, also, recognized that current
regulation of the market system ``has been remarkably successful in
promoting market competition in its broader forms that are most
important to investors and listed companies.'' \15\
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\15\ Securities Exchange Act Release No. 51808 (June 9, 2005),
70 FR 37496, 37499 (June 29, 2005) (``Regulation NMS Adopting
Release'').
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The Exchange believes the proposed fee structure is equitable and
not unfairly discriminatory because all similarly situated market
participants are subject to the same fee and rebate structure for order
transactions on the Exchange. The Exchange's proposal to offer Maker
and Taker rebates to Customer transactions is reasonable because the
Exchange wishes to attract Customers to the Exchange. Customers are
being paid Maker rebates and Taker rebates in all classes, as compared
to other origins which are not rebated at all, as Customer activity
enhances liquidity on the Exchange for the benefit of all market
participants by providing more trading opportunities, which attracts
market makers. An increase in the activity of these market participants
in turn facilitates tighter spreads, which may cause an additional
corresponding increase in order flow from other market participants.
As it relates to Customer transactions, the Exchange believes its
Maker rebate of $0.28 per contract in Penny options and its Maker
rebate of $0.65 per contract in Non-Penny options is reasonable as it
is in line with current rebates provided by at least one other
[[Page 61262]]
competing options exchange.\16\ Further, the Exchange believes its
Taker rebate of $0.48 per contract in Penny options and its Taker
rebate of $0.92 per contract in Non-Penny options is reasonable as it
is designed to attract Customer order flow to the Exchange for the
aforementioned mentioned reasons. Additionally, other competing
exchanges similarly provide Taker rebates to Customer transactions in
Penny and Non-Penny options that exceed the Maker rebate.\17\
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\16\ See the MIAX Sapphire Fee Schedule, available at: <a href="https://www.miaxglobal.com/markets/us-options/sapphire-options/fees">https://www.miaxglobal.com/markets/us-options/sapphire-options/fees</a>, which
provides a $0.30 Maker rebate for Priority customer transactions in
SPY, QQQ, IWM options, a $0.28 Maker rebate for Priority customer
transactions in Penny options excluding SPY, QQQ and IWM options,
and a $0.65 Maker rebate for Priority customer transactions in Non-
Penny options.
\17\ See the MIAX Sapphire Fee Schedule, available at: <a href="https://www.miaxglobal.com/markets/us-options/sapphire-options/fees">https://www.miaxglobal.com/markets/us-options/sapphire-options/fees</a>, which
provides a $0.19 Taker rebate for Priority customer transactions in
SPY, QQQ, IWM options, a $0.48 Taker rebate for Priority customer
transactions in Penny options excluding SPY, QQQ and IWM options,
and a $0.92 Taker rebate for Priority customer transactions in Non-
Penny options.
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As it relates to Non-Customer transactions, the Exchange believes
its assessment of a Maker fee of $0.50 per contract in Penny options
and a Maker fee of $0.95 per contract in Non-Penny options is
reasonable as it is in line with and/or competitive with fees currently
charged by other competing options exchanges.\18\ Further, the Exchange
believes its Taker fee of $0.50 per contract in Penny options and its
Taker fee of $0.94 per contract in Non-Penny options is reasonable as
other exchanges charge similar fees for executions that remove
liquidity by Non-Customers.\19\ Additionally, the Exchange notes that
at least one other exchange charges equal Maker and Taker fees for Non-
Customer transactions for certain classes of options \20\ and the
Exchange's proposed Non-Customer fees are competitive with the Maker
and Taker Fees of other options exchanges for transactions in Penny and
Non-Penny options.\21\
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\18\ See the Nasdaq MRX Options Fee Schedule, available at:
<a href="https://listingcenter.nasdaq.com/rulebook/mrx/rules/MRX">https://listingcenter.nasdaq.com/rulebook/mrx/rules/MRX</a> Options 7,
which assesses a Maker fee of $0.50 for Non-Customer transactions in
Penny options, and a Maker fee of $1.25 for Non Customer
transactions in Non-Penny options. See also the MIAX Sapphire Fee
Schedule, available at: <a href="https://www.miaxglobal.com/markets/us-options/sapphire-options/fees">https://www.miaxglobal.com/markets/us-options/sapphire-options/fees</a>, which assesses a $0.50 Maker fee for
Non-Customer transactions in Penny options excluding SPY, QQQ, IWM,
and a $0.95 Maker Fee for Non-Customer transactions in Non-Penny
options.
\19\ See the Nasdaq MRX Options Fee Schedule, available at:
<a href="https://listingcenter.nasdaq.com/rulebook/mrx/rules/MRX">https://listingcenter.nasdaq.com/rulebook/mrx/rules/MRX</a> Options 7,
which assesses a Taker fee of $0.35 for Market Maker transactions in
Penny options, and a $1.10 Taker Fee for Market Maker transactions
in Non-Penny options. See also the MIAX Sapphire Fee Schedule,
available at: <a href="https://www.miaxglobal.com/markets/us-options/sapphire-options/fees">https://www.miaxglobal.com/markets/us-options/sapphire-options/fees</a>, which assesses a $0.50 Taker fee for Non-
Customer transactions in Penny options excluding SPY, QQQ, IWM, and
a $0.94 Taker Fee for Non-Customer transactions in Non-Penny
options.
\20\ See the MIAX Sapphire Fee Schedule, available at: <a href="https://www.miaxglobal.com/markets/us-options/sapphire-options/fees">https://www.miaxglobal.com/markets/us-options/sapphire-options/fees</a>, which,
as noted previously, assesses a $0.50 Maker fee and a $0.50 Taker
fee for Non Customer transactions in Penny options excluding SPY,
QQQ, IWM options.
\21\ See supra notes 18 and 19.
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The Exchange further believes that the fees and rebates proposed
above are equitably allocated and not unfairly discriminatory because
they will apply equally to all Options Members.
The Exchange believes that it is appropriate, reasonable, and
consistent with the Act to charge fees of $1.20 for routing in Penny
options and $1.63 for routing in Non-Penny options, because these
routing fees are comparable to those charged by other exchanges for
routing Penny and Non-Penny options to away exchanges.\22\
Additionally, the Exchange believes these fees are equitable and not
unfairly discriminatory because these fees will apply equally to all
Members. The Exchange reiterates that the routing services offered by
the Exchange and its affiliated broker-dealer are completely optional
and that the Exchange operates in a highly competitive market in which
market participants can readily select between various providers of
routing services with different product offerings and different
pricing. The Exchange believes that its fee structure for orders routed
to all away venues is a fair and equitable approach to pricing, as it
will provide certainty with respect to execution fees.
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\22\ For example, per the NYSE Arca Options trading fee schedule
on its public website, the fee for routing in Penny options is $0.61
and the fee for routing in Non-Penny options is $1.21; see <a href="https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf">https://www.nyse.com/publicdocs/nyse/markets/arca-options/NYSE_Arca_Options_Fee_Schedule.pdf</a>. See also the MEMX Options Fee
Schedule, available at: <a href="https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/">https://info.memxtrading.com/us-options-trading-resources/us-options-fee-schedule/</a>, which currently charges
$1.20 per contract to route Penny options and $1.63 to route Non-
Penny options.
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Lastly, the Exchange believes that it is reasonable to add a Notes
and Definitions section to clarify the terms used in the Options Fee
Schedule, because it will clearly set forth the terms used in the
Transaction Fees portion of the Options Fee Schedule. The Exchange
further believes the section is reasonable as other national securities
exchanges include a definition section in their fee schedules.\23\ The
Exchange believes this section is equitable and not unfairly
discriminatory because the Notes and Definitions section (as part of
the Options Fee Schedule) will be distributed to all Members so that
all Members will have equal clarity on fees charged and rebates
provided.
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\23\ See supra note 11.
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For the reasons discussed above, the Exchange submits that its
proposed fee structure and changes to the Options Fee Schedule
satisfies the requirements of Sections 6(b)(4) and 6(b)(5) of the Act
\24\ in that it provides for the equitable allocation of reasonable
dues, fees and other charges among its Members and other persons using
its facilities and is not designed to unfairly discriminate between
customers, issuers, brokers, or dealers. As described more fully below
in the Exchange's statement regarding the burden on competition, the
Exchange believes that its transaction pricing is subject to
significant competitive forces, and that the proposed fees and rebates
described herein are appropriate to address such forces.
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\24\ 15 U.S.C. 78f(b)(4) and (5).
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B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
result in any burden on competition that is not necessary or
appropriate in furtherance of the purposes of the Act.
As a new entrant in the already highly competitive environment for
options trading, the Exchange believes that the proposed change would
encourage the submission of additional order flow to the exchange,
thereby promoting market depth, execution incentives and enhanced
execution opportunities, as well as price discovery and transparency
for all Members. MX2 Options proposes transaction fees, rebates and
routing fees that are comparable to transaction fees, rebates and
routing fees assessed by other options exchanges. As a result, the
Exchange believes that the proposed change furthers the Commission's
goal in adopting Regulation NMS of fostering competition among orders,
which promotes ``more efficient pricing of individual stocks for all
types of orders, large and small.'' \25\
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\25\ See supra note 15, at 70 FR 37496, 37499.
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Intramarket Competition
The Exchange does not believe that the proposed rule change will
impose any burden on intramarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act because the
proposed transaction and routing fees and rebates apply equally to all
Members. The Exchange believes its proposal will encourage Members to
submit Customer orders to the Exchange
[[Page 61263]]
which will increase liquidity and benefit all market participants by
providing more trading opportunities and tighter spreads. Additionally,
the Exchange does not believe its Maker/Taker Fees for Non-Customers
will impose a burden on competition as the fees will be applied in a
uniform manner to similarly situated participants.
Intermarket Competition
The Exchange does not believe that the proposed rule change will
impose any burden on intermarket competition that is not necessary or
appropriate in furtherance of the purposes of the Act. To the contrary,
the Exchange believes that the proposed pricing structure will increase
competition and is intended to draw volume to the Exchange as it
commences operations. The Exchange believes that the ever-shifting
market share among the exchanges from month to month demonstrates that
market participants can shift order flow or reduce use of certain
categories of products, in response to new or different pricing
structures being introduced into the market. Accordingly, competitive
forces constrain the Exchange's transaction and routing fees and
rebates, and market participants can readily trade on competing venues
if they deem pricing levels at those other venues to be more favorable.
Currently, no single registered options exchange has more than
approximately 18.5% of the total market share of executed volume of
listed options trading.\26\ As a new exchange, the Exchange expects to
face intense competition from existing exchanges. The proposed pricing
structure is intended to encourage market participants to trade on the
exchange by providing rebates and assessing fees that are comparable to
those offered by other exchanges, which the Exchange believes will help
to encourage Members to send orders to the Exchange to the benefit of
all Exchange participants.
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\26\ Market share percentage calculated as of September 10,
2026. The Exchange receives and processes data made available
through the consolidated data feeds (i.e., OPRA).
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The Exchange's proposal to add a Notes and Definitions section to
the Options Fee Schedule will not result in any burden on competition
due to the fact that such changes are being made solely to add clarity
and not for competitive purposes.
Additionally, the Commission has repeatedly expressed its
preference for competition over regulatory intervention in determining
prices, products, and services in the securities markets. Specifically,
in Regulation NMS, the Commission highlighted the importance of market
forces in determining prices and SRO revenues and, also, recognized
that current regulation of the market system ``has been remarkably
successful in promoting market competition in its broader forms that
are most important to investors and listed companies.'' \27\ The fact
that this market is competitive has also long been recognized by the
courts. In NetCoalition v. SEC, the D.C. Circuit stated as follows:
``[n]o one disputes that competition for order flow is `fierce.' . . .
As the SEC explained, `[i]n the U.S. national market system, buyers and
sellers of securities, and the broker-dealers that act as their order-
routing agents, have a wide range of choices of where to route orders
for execution'; [and] `no exchange can afford to take its market share
percentages for granted' because `no exchange possesses a monopoly,
regulatory or otherwise, in the execution of order flow from broker
dealers'. . . .''.\28\ Accordingly, the Exchange does not believe its
proposed pricing changes impose any burden on competition that is not
necessary or appropriate in furtherance of the purposes of the Act.
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\27\ See supra note 15.
\28\ NetCoalition v. SEC, 615 F.3d 525, 539 (D.C. Cir. 2010)
(quoting Securities Exchange Act Release No. 59039 (December 2,
2008), 73 FR 74770, 74782-83 (December 9, 2008) (SR-NYSE-2006-21)).
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C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
The Exchange neither solicited nor received comments on the
proposed rule change.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
The foregoing rule change has become effective pursuant to Section
19(b)(3)(A)(ii) of the Act \29\ and Rule 19b-4(f)(2) \30\ thereunder.
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\29\ 15 U.S.C. 78s(b)(3)(A)(ii).
\30\ 17 CFR 240.19b-4(f)(2).
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At any time within 60 days of the filing of the 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 to
determine whether the proposed rule change should be approved or
disapproved.
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#3f4d4a535a125c5052525a514b4c7f4c5a5c11585049"><span class="__cf_email__" data-cfemail="b3c1c6dfd69ed0dcdeded6ddc7c0f3c0d6d09dd4dcc5">[email protected]</span></a>. Please include
file number SR-MX2-2026-08 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-MX2-2026-08. 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-MX2-2026-08 and should be submitted on
or before October 19, 2026.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\31\
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\31\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-19725 Filed 9-25-26; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on September 28, 2026.
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