Texas Stock Exchange Added to Market Volatility Plan
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice adds Texas Stock Exchange LLC as a participant in the national plan that limits extreme stock price swings during volatile trading. TXSE must join the plan because the SEC approved it as a national securities exchange and expects it to begin operating in July 2026. The change mainly affects exchanges, market data plan participants, broker-dealers, and trading firms that must recognize TXSE as part of the existing limit-up/limit-down market volatility framework. No new compliance program is created for public companies or ordinary investors.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Adds Texas Stock Exchange LLC as a participant in the Limit Up-Limit Down market volatility plan
- Confirms TXSE has joined the relevant market data plans and executed the existing plan
- Supports TXSE’s expected launch as a national securities exchange in July 2026
Obligations
What this law requires
Texas Stock Exchange LLC must join the Plan to Address Extraordinary Market Volatility as a condition of its SEC approval as a national securities exchange.
A new national securities exchange or national securities association seeking to become a LULD Plan participant must become a participant in the applicable Market Data Plans.
A new national securities exchange or national securities association seeking to become a LULD Plan participant must execute a copy of the LULD Plan as then in effect.
A new national securities exchange or national securities association seeking to become a LULD Plan participant must provide each then-current LULD Plan participant with a copy of the executed Plan.
A new national securities exchange or national securities association seeking to become a LULD Plan participant must effect an amendment to the LULD Plan using the process specified in Section III(B) of the Plan.