Nasdaq Adds Backup Data Feeds for Stock Quotes—Bureaucracy Marches On
Published Date: 4/21/2026
Notice
Summary
Nasdaq is updating its rules to add a new market center’s data feeds as primary and backup sources for stock price quotes. This change helps Nasdaq handle orders and follow rules better, affecting traders and investors using Nasdaq’s systems. The update took effect right after filing on April 6, 2026, with no extra costs announced.
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Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
New TXSE Quote Feed Added
Nasdaq added a direct primary quotation feed from the new Texas Stock Exchange ("TXSE") and set CQS/UQDF as the secondary quotation source for TXSE. This update is used by Nasdaq for handling, routing, and executing orders and for regulatory compliance, and it became effective on April 6, 2026. The Exchange stated no additional costs were announced in the filing.
Exchange Name Updates Reflected
Nasdaq updated its rule table to reflect the current names of two exchanges that were recently renamed (listed as Nasdaq Texas and NYSE Texas). This change is intended to provide clarity and transparency about the market centers Nasdaq references in its data feeds and rule table, and it became effective on April 6, 2026.
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