# 2026-22757: Nasdaq Texas Adds Rules for Market Data Product Fees

2026-22757, Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce Conforming Changes to Nasdaq Texas Rules in Connection With the Establishment of Fees for Nasdaq TotalView Plus and Nasdaq Basic Plus, is a Federal Register notice from Securities and Exchange Commission published 2026-11-09, effective 2026-10-27; PRIA reads it as touching household money (as of 2026-11-11).

- Canonical: https://policyrisk.com/federal-register/2026-22757
- As of: 2026-11-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-22757
- Title: Self-Regulatory Organizations; Nasdaq Texas, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Introduce Conforming Changes to Nasdaq Texas Rules in Connection With the Establishment of Fees for Nasdaq TotalView Plus and Nasdaq Basic Plus
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 70920
- Published: 2026-11-09
- Effective: 2026-10-27
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-11-11

## In one line

Nasdaq Texas Adds Rules for Market Data Product Fees

## Summary

Nasdaq Texas is updating its rules to introduce new fees for two market data products: Nasdaq TotalView Plus and Nasdaq Basic Plus. Some firms will get fee waivers if they bundle these data feeds with others for redistribution. These changes are effective immediately, so affected firms should review their costs now.

## Effects PRIA read

- Big Distributor Fee Waivers for Consolidators: benefit, high. If you are a market data vendor that certifies to Nasdaq you will consolidate Nasdaq TotalView, Nasdaq Texas TotalView, and Nasdaq PSX TotalView solely for external redistribution, Nasdaq Texas will waive its Market Data Distributor Fee of $1,620 per month for you. In addition, such vendors would r…
- Waiver of Nasdaq Texas TotalView Subscriber Fees: benefit, high. If your firm purchases Nasdaq TotalView Plus, Nasdaq Texas will waive its Nasdaq Texas TotalView monthly Subscriber fees of $22.25 and the Professional Non-Display Usage fee of $58.50 per month (operative January 1, 2026). These fees will not be charged to purchasers of Nasdaq TotalView Plus.
- Nasdaq Basic Plus: Administrative and $350 Consolidation Fee: cost, high. If your firm receives Nasdaq Basic Plus (or Nasdaq Last Sale Plus), you will pay the monthly administrative fees for Nasdaq Last Sale and Nasdaq Texas BBO and a data consolidation fee of $350 per month. The $350 consolidation fee applies to both Internal Distributors and External Distributors.
- No Increase to Existing Nasdaq Texas Subscriber Fees: benefit, low. Nasdaq Texas states it will not raise fees for existing standalone Nasdaq Texas data feeds; subscribers to only a Nasdaq Texas feed will continue to pay the same fees they currently pay. The filing also notes certain waivers and consolidation charges that can lower costs for purchasers of the new c…

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## Sources
- [2026-22757 on federalregister.gov](https://www.federalregister.gov/documents/2026/11/09/2026-22757/self-regulatory-organizations-nasdaq-texas-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-22757 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-11-09/pdf/2026-22757.pdf)

## Related
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- [Next: 2026-22758, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-22758)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-22757 (as of 2026-11-11).