Nasdaq Texas Adds Snapshots to Options Trading Outline
Published Date: 8/27/2026
Notice
Summary
No summary available.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
New 1‑Minute Intra‑Day Snapshots
Firms that buy NTX Options Trade Outline data can purchase a new product called Intra-Day Snapshots that posts aggregated market sentiment updates whenever two or more trades involving three or more origin types occur in a 1-minute period. The Exchange will still offer its existing 10-minute intra-day snapshots and will also provide regular 1-minute updates for activity that does not meet the Snapshot criteria.
Choice Between Snapshot Options
Subscribers may choose Intra-Day Snapshots, the existing 10-minute intra-day Trade Outline, End of Day files, or historical files; the Snapshot product is voluntary and available to members and non-members on a non-discriminatory basis. The Exchange says customers may purchase none, one, or multiple formats depending on their needs.
Aggregated Sentiment, Not Trade Reports
Intra-Day Snapshots will provide only aggregated market sentiment (total exchange volume, open interest, and aggregate open/close trade quantities by origin type) and will not disclose the actual number of trades or identifying trade details. The product is explicitly described as a sentiment indicator rather than a trade reporting system and is not a real‑time data feed.
Fees To Be Proposed Separately
The Exchange states that fees for Intra-Day Snapshots will be proposed in a separate filing; no fee amounts are included in this notice. Prospective purchasers should expect a future rule filing that sets the price to buy this product.
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Key Dates
Department and Agencies
Related Federal Register Documents
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