The Securities and Exchange Commission has announced a proposed rule change by Cboe C2 Exchange, Inc., which suggests the creation of the Cboe Timestamping Service. This new service is comprised of two optional market data reports: the Missed Liquidity Report for orders and quotes, and the Cancels Report for canceled orders. The proposed change, which does not impose significant burdens on competition or investors, was filed to immediately take effect, allowing these reports to be available from January 27, 2025. The public can offer comments on this proposal until February 13, 2025.
Simple Explanation
The Securities and Exchange Commission is letting people know about a new service from a company called Cboe C2 Exchange that will offer special reports to help understand trading activities, like why some orders didn't go through or why some were stopped. People can start using these reports soon and have until February 13, 2025, to tell the SEC what they think about it.