Investors Exchange LLC Rule Change for Nasdaq BX Name Change
Summary
The Securities and Exchange Commission (SEC) has issued a notice regarding a rule change filed by Investors Exchange LLC. The filing, effective immediately, amends IEX rules to reflect the name change of Nasdaq BX to Nasdaq Texas. This action is part of the standard regulatory process for exchanges.
What changed
The Securities and Exchange Commission (SEC) has published a notice of filing and immediate effectiveness for a proposed rule change submitted by Investors Exchange LLC (IEX). The rule change, identified by File No. SR-IEX-2026-08 and Release No. 34-105069, is administrative in nature, primarily serving to update IEX's rulebook to reflect the name change of Nasdaq BX to Nasdaq Texas. This is a procedural update to align IEX's rules with the rebranding of another market participant.
Compliance officers should note that this is a minor, administrative update with no new substantive obligations or penalties imposed on regulated entities. The rule change is effective immediately upon filing. No specific actions are required from market participants beyond awareness of the name change for Nasdaq BX. The SEC's review process for such administrative changes is typically swift, and this notice confirms the immediate effectiveness of the amendment.
Source document (simplified)
Legal Status This site displays a prototype of a “Web 2.0” version of the daily
Federal Register. It is not an official legal edition of the Federal
Register, and does not replace the official print version or the official
electronic version on GPO’s govinfo.gov.
The documents posted on this site are XML renditions of published Federal
Register documents. Each document posted on the site includes a link to the
corresponding official PDF file on govinfo.gov. This prototype edition of the
daily Federal Register on FederalRegister.gov will remain an unofficial
informational resource until the Administrative Committee of the Federal
Register (ACFR) issues a regulation granting it official legal status.
For complete information about, and access to, our official publications
and services, go to About the Federal Register on NARA's archives.gov.
The OFR/GPO partnership is committed to presenting accurate and reliable
regulatory information on FederalRegister.gov with the objective of
establishing the XML-based Federal Register as an ACFR-sanctioned
publication in the future. While every effort has been made to ensure that
the material on FederalRegister.gov is accurately displayed, consistent with
the official SGML-based PDF version on govinfo.gov, those relying on it for
legal research should verify their results against an official edition of
the Federal Register. Until the ACFR grants it official status, the XML
rendition of the daily Federal Register on FederalRegister.gov does not
provide legal notice to the public or judicial notice to the courts.
Legal Status
Notice
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX Rules To Reflect the Name Change of Nasdaq BX to Nasdaq Texas
A Notice by the Securities and Exchange Commission on 03/27/2026
- 1.
1.
Document Details Published Content - Document Details Agency Securities and Exchange Commission Agency/Docket Numbers Release No. 34-105069 File No. SR-IEX-2026-08 Document Citation 91 FR 14892 Document Number 2026-05944 Document Type Notice Pages 14892-14894
(3 pages) Publication Date 03/27/2026 Published Content - Document DetailsPDF Official Content
- View printed version (PDF) Official Content
Document Details Published Content - Document Details Agency Securities and Exchange Commission Agency/Docket Numbers Release No. 34-105069 File No. SR-IEX-2026-08 Document Citation 91 FR 14892 Document Number 2026-05944 Document Type Notice Pages 14892-14894
(3 pages) Publication Date 03/27/2026 Published Content - Document DetailsTable of Contents Enhanced Content - Table of Contents This table of contents is a navigational tool, processed from the
headings within the legal text of Federal Register documents.
This repetition of headings to form internal navigation links
has no substantive legal effect.- Footnotes Enhanced Content - Table of Contents
Public Comments Enhanced Content - Public Comments This feature is not available for this document.
Enhanced Content - Public Comments
- Regulations.gov Data Enhanced Content - Regulations.gov Data Additional information is not currently available for this document.
Enhanced Content - Regulations.gov Data
- Sharing Enhanced Content - Sharing Shorter Document URL https://www.federalregister.gov/d/2026-05944 Email Email this document to a friend Enhanced Content - Sharing
- Print Enhanced Content - Print
- Print this document Enhanced Content - Print
- Other Formats Enhanced Content - Other Formats This document is also available in the following formats:
JSON Normalized attributes and metadata XML Original full text XML MODS Government Publishing Office metadata More information and documentation can be found in our developer tools pages.
Enhanced Content - Other Formats
- Public Inspection Public Inspection This PDF is FR Doc. 2026-05944 as it appeared on Public Inspection on
03/26/2026 at 8:45 am.
It was viewed
11
times while on Public Inspection.
If you are using public inspection listings for legal research, you
should verify the contents of the documents against a final, official
edition of the Federal Register. Only official editions of the
Federal Register provide legal notice of publication to the public and judicial notice
to the courts under 44 U.S.C. 1503 & 1507. Learn more here.
Public Inspection
Published Document: 2026-05944 (91 FR 14892) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.
Document Headings Document headings vary by document type but may contain
the following:
- the agency or agencies that issued and signed a document
- the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to
- the agency docket number / agency internal file number
- the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details.
Securities and Exchange Commission
- [Release No. 34-105069; File No. SR-IEX-2026-08] March 24, 2026. Pursuant to Section 19(b)(1) [1 ] of the Securities Exchange Act of 1934 (the “Act”) [2 ] and Rule 19b-4 thereunder, [3 ] notice is hereby given that, on March 16, 2026, the Investors Exchange LLC (“IEX” 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.
I. Self-Regulatory Organization's Statement of the Terms of Substance of the Proposed Rule Change
Pursuant to the provisions of Section 19(b)(1) under the Act, [4 ] and Rule 19b-4 thereunder, [5 ] the Exchange is filing with the Commission a proposed rule to amend IEX Rules 2.220(a)(7) and 11.410(a) to make conforming changes reflecting the name change of Nasdaq BX, Inc. (“Nasdaq BX”) to Nasdaq Texas, LLC (“Nasdaq Texas”), replace obsolete references to “NASDAQ” with the current name “Nasdaq,” and make a conforming change in Rule 2.220(a)(7). The Exchange has designated this rule change as “non-controversial” under Section 19(b)(3)(A) of the Act [6 ] and provided the Commission with the notice required by Rule 19b-4(f)(6) thereunder. [7 ]
The text of the proposed rule change is available at the Exchange's website at https://www.iexexchange.io/resources/regulation/rule-filings and at the principal office of the Exchange.
II. Self-Regulatory Organization's Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the self-regulatory organization included ( printed page 14893) 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 self-regulatory organization 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 the Statutory Basis for, the Proposed Rule Change
1. Purpose
Nasdaq BX, Inc. recently converted from a corporation organized under the laws of the state of Delaware to a limited liability company organized under the laws of the state of Texas and changed its legal name to “Nasdaq Texas, LLC.” [8 ] The Exchange proposes conforming changes to its rules to reflect this name change by amending Rules 2.220(a)(7) and 11.410(a) to reflect the name change of “NASDAQ BX” to “Nasdaq Texas.” Rule 2.220(a)(7) lists the away trading centers that IEX Services LLC (“IEX Services”) routes to as outbound router for the Exchange and Rule 11.410(a) specifies the market data sources for each away trading center that the Exchange uses for necessary price reference points.
Specifically, the Exchange proposes to amend Rule 2.220(a)(7) by replacing the reference to “NASDAQ BX” with “Nasdaq Texas” [9 ] in the list of away trading centers to which IEX Services routes orders. The Exchange also proposes to amend Rule 11.410(a) by replacing the reference to “NASDAQ BX” with “Nasdaq Texas” in the table of market data sources the Exchange uses to determine its Top of Book quotation, NBBO, and for certain reporting, regulatory, and compliance systems within IEX. The Exchange will continue to utilize the proprietary market data feed for Nasdaq Texas, as it did for Nasdaq BX, as set forth in Rule 11.410(a)(2).
The Exchange is also proposing to replace obsolete references to “NASDAQ” in Rules 2.220(a)(7) and 11.410(a) with the current name, “Nasdaq,” [10 ] as follows:
- Rules 2.220(a)(7) and 11.410(a): references to “NASDAQ PSX” will be changed to “Nasdaq PSX”;
- Rule 11.410(a): references to “NASDAQ Stock Market” will be changed to “The Nasdaq Stock Market”; and
- Rule 2.220(a)(7): references to “NASDAQ Stock Exchange” will be changed to “The Nasdaq Stock Market.” The Exchange is not proposing any other changes to IEX Rules 2.220(a)(7) and 11.410(a). The proposed changes do not alter the manner in which orders are handled or routed by the Exchange.
2. Statutory Basis
IEX believes that the proposed rule changes are consistent with the provisions of Section 6(b) [11 ] of the Act in general, and further the objectives of Section 6(b)(5) of the Act [12 ] in particular, in that they are designed to promote just and equitable principles of trade, 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.
For the reasons discussed in the Purpose section, the Exchange believes that the proposed rule changes remove impediments to and perfect the mechanism of a free and open market and protect investors and the public interest because changing references to “NASDAQ BX” to “Nasdaq Texas,” “NASDAQ PSX” to “Nasdaq PSX,” and “NASDAQ Stock Market” to “The Nasdaq Stock Market” in the table in Rule 11.410(a) designating those exchanges' proprietary data feeds as the primary source of market data the Exchange will use to determine away trading center Top of Book quotes, the NBBO, and for certain regulatory, reporting and compliance systems within IEX, will facilitate the Exchange's compliance with the applicable requirements of Regulation NMS.
Additionally, changing references to “NASDAQ BX” to “Nasdaq Texas,” “NASDAQ PSX” to “Nasdaq PSX,” and “NASDAQ Stock Exchange” (Rule 2.220(a)(7)) and “NASDAQ Stock Market” (Rule 11.410(a)) to “The Nasdaq Stock Market” in the list of away trading centers to which IEX routes and in the table designating those exchanges' proprietary data feeds as the primary source of market data the Exchange will use to determine away trading center Top of Book quotes, the NBBO, and for certain regulatory, reporting and compliance systems within IEX, provides transparency and avoids confusion with respect to the away trading centers to which IEX Services may route orders and the source of market data the Exchange will use to determine those exchanges' Top of Book quotes. As noted in the Purpose section, the proposed changes are nonsubstantive and do not alter the manner in which orders are handled or routed by the Exchange.
B. Self-Regulatory Organization's Statement on Burden on Competition
IEX does not believe that the proposed rule changes will result in any burden on competition that are not necessary or appropriate in furtherance of the purposes of the Act. The Exchange believes that the proposed updates do not impact competition in any respect since the purpose is to enhance transparency with respect to the operation of the Exchange and its use of market data feeds, and to update an away market name referenced in IEX Rules.
C. Self-Regulatory Organization's Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others
Written comments were neither solicited nor received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action
Pursuant to Section 19(b)(3)(A) of the Act [13 ] and Rule 19b-4(f)(6) [14 ] thereunder, the Exchange has designated this proposal as one that effects a change that: (i) does not significantly affect the protection of investors or the public interest; (ii) does not impose any significant burden on competition; and (iii) by its terms, does not become operative for 30 days after the date of the filing, or such shorter time as the Commission may designate if consistent with the protection of investors and the public interest.
A proposed rule change filed under Rule 19b-4(f)(6) [15 ] normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b-4(f)(6)(iii), [16 ] the ( printed page 14894) Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposed rule changes may become operative upon filing. In the filing, the Exchange stated it is proposing non-substantive, conforming changes to reflect the name change of Nasdaq BX to Nasdaq Texas, replace obsolete references to “NASDAQ” to Nasdaq, and make a conforming change in Rule 2.220(a)(7). These non-substantive conforming changes do not impose any significant burden on competition because they apply evenly to all Equity Members. The proposed rule changes do not raise any novel issues as the Nasdaq name changes have already occurred, and waiver of the operative delay allows for the immediate clarification of the Exchange's rules to reflect these changes, and therefore, waiver of the 30-day operative delay is consistent with the protection of investors and the public interest. Accordingly, the Commission hereby waives the operative delay and designates the proposal operative upon filing. [17 ]
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 under Section 19(b)(2)(B) [18 ] of the Act 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
- Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
- Send an email to rule-comments@sec.gov. Please include file number SR-IEX-2026-08 on the subject line.
Paper Comments
- 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-IEX-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 (https://www.sec.gov/rules/sro.shtml). 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-IEX-2026-08 and should be submitted on or before April 17, 2026.
For the Commission, by the Division of Trading and Markets, pursuant to delegated authority. [19 ]
Sherry R. Haywood,
Assistant Secretary.
Footnotes
Back to Citation 2. 15 U.S.C. 78a.
Back to Citation 3. 17 CFR 240.19b-4.
Back to Citation 4. 15 U.S.C. 78s(b)(1).
Back to Citation 5. 17 CFR 240.19b-4.
Back to Citation 6. 15 U.S.C. 78s(b)(3)(A).
Back to Citation 7. 17 CFR 240.19b-4.
See
Securities Exchange Act Release No. 104736 (January 29, 2026), [91 FR 4980](https://www.federalregister.gov/citation/91-FR-4980) (February 3, 2026) (SR-BX-2026-005).
In 2017, NASDAQ BX amended its rules and certain corporate documents to change its name from “NASDAQ BX” to “Nasdaq BX.” Securities Exchange Act Release No. 81948 (October 25, 2017), [82 FR 50468](https://www.federalregister.gov/citation/82-FR-50468) (October 31, 2017) (SR-BX-2017-046).
Back to Citation 10.
In 2017, the Nasdaq Stock Market and Nasdaq PHLX amended their rules and certain corporate documents to replace “NASDAQ” with “Nasdaq” in their exchange names.
See
Securities Exchange Act Release No. 81917 (October 27, 2017), [82 FR 49879](https://www.federalregister.gov/citation/82-FR-49879) (October 23, 2017) (SR-NASDAQ-2017-111) (changing “The NASDAQ Stock Market LLC” to “The Nasdaq Stock Market LLC”); Securities Exchange Act Release No. 81938 (October 24, 2017), [82 FR 50185](https://www.federalregister.gov/citation/82-FR-50185) (October 30, 2017) (SR-PHLX-2017-83) (changing “NASDAQ PSX” to “Nasdaq PSX”).
Back to Citation 11. 15 U.S.C. 78f.
Back to Citation 12. 15 U.S.C. 78f(b)(5).
Back to Citation 13. 15 U.S.C. 78s(b)(3)(A).
Back to Citation 14. 17 CFR 240.19b-4(f)(6).
Back to Citation 15. 17 CFR 240.19b-4(f)(6).
Back to Citation 16. 17 CFR 240.19b-4(f)(6)(iii).
Back to Citation 17.
For purposes only of waiving the 30-day operative delay, the Commission has considered the proposed rule's impact on efficiency, competition, and capital formation. See [15 U.S.C. 78c(f)](https://www.govinfo.gov/link/uscode/15/78c).
Back to Citation 18. 15 U.S.C. 78s(b)(2)(B).
Back to Citation 19. 17 CFR 200.30-3(a)(12), (59).
Back to Citation [FR Doc. 2026-05944 Filed 3-26-26; 8:45 am]
BILLING CODE 8011-01-P
Published Document: 2026-05944 (91 FR 14892)
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Banking & Finance alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when FR: Securities and Exchange Commission publishes new changes.