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
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The SEC published a notice that the Investors Exchange (IEX) is updating its rules to reflect Nasdaq BX, Inc. changing its legal name and structure to Nasdaq Texas, LLC. The update affects two IEX rules that list away trading venues and market data sources. IEX is replacing "NASDAQ BX" with "Nasdaq Texas" in Rules 2.220(a)(7) and 11.410(a). It is also correcting outdated references such as changing "NASDAQ PSX" to "Nasdaq PSX", "NASDAQ Stock Market" to "The Nasdaq Stock Market", and "NASDAQ Stock Exchange" to "The Nasdaq Stock Market". These are purely administrative name updates with no changes to how orders are routed or how market data is used. The rule change became effective immediately upon filing on March 16, 2026.
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Key Changes
- Replace all references to “NASDAQ BX” with “Nasdaq Texas” in Rules 2.220(a)(7) and 11.410(a)
- Update “NASDAQ PSX” to “Nasdaq PSX” in Rules 2.220(a)(7) and 11.410(a)
- Change “NASDAQ Stock Market” to “The Nasdaq Stock Market” in Rule 11.410(a)
+ 3 more changes with Pro
Obligations
What this law requires
Replace all references to 'NASDAQ BX' with 'Nasdaq Texas' in IEX Rules 2.220(a)(7) and 11.410(a)
Replace all references to 'NASDAQ PSX' with 'Nasdaq PSX' in IEX Rules 2.220(a)(7) and 11.410(a)
Replace all references to 'NASDAQ Stock Market' with 'The Nasdaq Stock Market' in IEX Rule 11.410(a)
Replace all references to 'NASDAQ Stock Exchange' with 'The Nasdaq Stock Market' in IEX Rule 2.220(a)(7)
Continue to utilize the proprietary market data feed for Nasdaq Texas in Rule 11.410(a)(2) for determining Top of Book quotations, NBBO, and regulatory/compliance systems