The Cboe EDGX Exchange, Inc. has proposed a rule change to allow the listing and trading of options on Commodity-Based Trust Shares. The proposal aims to modify Rule 19.3 to include options on Fund Shares that represent interests in Commodity-Based Trusts, which hold commodities like gold or silver and can be traded in specific units. This change would make options on these Commodity-Based Trust Shares available on the exchange, offering investors a regulated market option rather than relying on over-the-counter trades. The Securities and Exchange Commission (SEC) is seeking public comments on this proposed change.
Simple Explanation
The Cboe EDGX Exchange wants to make a new rule so people can buy and sell options (like special trading promises) on things like gold and silver in a safe, official place, instead of doing it secretly. The government wants to know what people think about this idea.