Cboe C2 Exchange, Inc. has proposed a new rule change to modify its opening process for trading simple orders. The modification allows for a "forced opening" of trading, which means that if a certain time period passes and certain conditions aren't met, trading may still start if the option is already open on another exchange. This change aims to open trading more quickly and provide more trading opportunities for investors. The Securities and Exchange Commission (SEC) is seeking public comments on this proposed rule change, highlighting its aim to promote market fairness and increase liquidity.
Simple Explanation
Cboe C2 Exchange wants to make it easier and faster for people to start trading by allowing trades to begin even if all conditions aren’t perfect, as long as the option is open on another market. The goal is to make sure people have more chances to trade and make the market fairer, and the SEC wants to know what people think about this idea.