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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.

The Cboe EDGX Exchange, Inc. has proposed a rule change to improve its process for opening trading for simple orders. This change aims to allow trading to start sooner by implementing a "forced opening" if a series is already trading on another exchange, even if certain conditions on Cboe haven't been met. The proposed change prioritizes investor interests and attempts to keep fair competition by allowing orders to start trading as soon as another market has opened them. Additionally, users can manage how their orders are handled during this process, providing flexibility and protecting against unfair trades. The Securities and Exchange Commission (SEC) is allowing this proposed rule to become effective immediately to enhance market efficiency.