Texas Stock Exchange Introduces Offset Peg for Flexible Trading
Published Date: 2/25/2026
Notice
Summary
The Texas Stock Exchange is adding a new type of order called the Offset Peg order, which helps traders set prices based on a reference price plus or minus a set amount. This change affects traders using the exchange and aims to make trading smoother and more flexible. The new rule is effective immediately, so traders can start using it right away without extra costs.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Exchange Adds Offset Peg Order
The Texas Stock Exchange (TXSE) added a new non-displayed order type called the Offset Peg order that pegs to the primary quote (NBB for buys, NBO for sells) plus or minus a user-entered offset in basis points, up to the order's limit price. The Offset Peg is voluntary, available to Users/Members, and TXSE says it is similar to offset peg functionality on Nasdaq, NYSE Arca, and Cboe BZX.
Immediate Availability to Members
TXSE filed the rule change on February 17, 2026 and it became effective upon filing under Rule 19b-4(f)(6), so Members/Users can begin submitting Offset Peg orders immediately. The Exchange states the change is voluntary and that all Members would be eligible to use the Offset Peg order on the same terms.
Operational Limits and Rounding Rules
Offset Peg orders must include a limit price and the offset amount is entered in basis points at or within the NBBO; if the computed price would be in an increment smaller than permitted by Rule 11.006(g), buy prices are rounded down and sell prices are rounded up to the nearest permissible increment. TXSE also states Offset Peg orders may execute at a sub-penny midpoint price consistent with Regulation NMS Rule 612, will be rejected if the NBBO is not available, will be cancelled in a Regulatory Halt, and are subject to the same time-priority and auction/IPO handling as other Pegged Orders.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-10241 — Self-Regulatory Organizations; The Depository Trust Company; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the DTC Operational Arrangements (Necessary for Securities to Become and Remain Eligible for DTC Services)
The Depository Trust Company (DTC) is updating its rules to make it easier and clearer for agents handling corporate offers like tenders and subscriptions through its automated systems. This change affects companies and agents using DTC services to process these offers and starts right away with no extra costs. It’s all about smoother, faster, and more reliable processing for everyone involved!
2026-10244 — Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Fee Schedule Applicable to Members Concerning Equities Transaction Pricing
Investors Exchange (IEX) is updating its fee schedule starting June 1, 2026. Members who trade stocks will see changes in how they qualify for rebates and fee discounts based on their trading volume. These tweaks aim to make fees fairer and encourage more trading activity on the exchange.
2026-10245 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 3120 To Increase the Position and Exercise Limits for Options on the iShares Bitcoin Trust ETF
BOX Exchange is raising the limits on how many options traders can hold and exercise for the iShares Bitcoin Trust ETF. This change lets bigger players trade more freely and takes effect immediately, matching similar moves by other exchanges. If you trade these options, get ready for bigger opportunities starting now!
2026-10129 — The Goldman Sachs Group, Inc.
Goldman Sachs is asking the SEC for special permission to create investment funds just for its employees, letting them skip some usual rules. This change mainly affects Goldman Sachs workers and could speed up how these funds work without changing important protections. If no one objects by June 12, 2026, the SEC will approve this request.
2026-10168 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17a-2
The SEC is asking to keep the rules that require underwriters to keep records about certain stock market activities for three years. About 647 companies spend around 3,235 hours and $530,000 yearly to follow these rules. This extension keeps things running smoothly without adding new costs or changes.
Previous / Next Documents
Previous: 2026-03702 — Self-Regulatory Organizations; Nasdaq GEMX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Add Liquidity Orders
Nasdaq GEMX is updating its rules for Add Liquidity Orders, which are special orders that help keep the market active by adding new buy or sell offers. This change affects traders using GEMX by tweaking how these orders behave, aiming for smoother and fairer trading. The new rules took effect right after filing on February 12, 2026, with no extra fees involved.
Next: 2026-03705 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Amend FINRA Rule 2210 (Communications With the Public)
FINRA wants to update its rule about what financial firms can say when talking to the public. They’re proposing to let firms share performance projections or target returns for investments, but only if those numbers are based on solid facts and clear conditions. This change affects anyone in the financial industry who communicates with clients and aims to make info clearer without misleading people, with the rule change open for public comments now.