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Search Results: keywords:"Cboe Exchange, Inc."

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2025-01624 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Cboe Timestamping Service Which Is a Market Data Service Comprised of Two Distinct Market Data Reports
January 23, 2025
Type:Notice
Citation:90 FR 8065
Reading Time:about 6 minutes
The Securities and Exchange Commission is reviewing a proposed rule change by Cboe Exchange, Inc. The change involves the introduction of a new service called the Cboe Timestamping Service, which offers detailed timestamp information on orders, quotes, and cancels for market participants. This service includes two types of reports: the Missed Liquidity Report and the Cancels Report, both of which are optional and require separate fees. The Exchange has requested the Commission to allow the change to take effect immediately to offer these reports starting January 27, 2025, and the public is invited to submit comments until February 13, 2025.
Simple Explanation
Imagine a big market playground where people buy and sell toys. The playground wants to use a new fun tool to tell the exact time everyone buys, sells, or cancels a toy. But some of the rules to use this tool aren't clear, like how much it costs to play or which toy trades are counted. They're asking for ideas to make it better by a certain date.
2021-01285 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Relating To Amend the Silexx Trading Platform Fees Schedule
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January 22, 2021
Type:Notice
Citation:86 FR 6705
Reading Time:about 14 minutes
Cboe Exchange, Inc. has proposed a rule change to update the fees associated with its Silexx trading platform. The changes include new fees for "drop copy" services and order routing through Financial Information eXchange (FIX). These updates are in line with the transition to the newer Cboe Silexx platform from the older PULSe platform. The Securities and Exchange Commission is seeking comments on this proposed rule change, which aims to streamline trading operations and fee structures for users.
Simple Explanation
Cboe Exchange wants to change some prices for using their trading services, like sending information and orders, but it's a bit tricky to understand how it might affect small traders.
2021-03219 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Order Approving a Proposed Rule Change, as Modified by Amendment Nos. 1 and 2, To Amend Rules 5.37 and 5.73 Related to the Solicitation of Market Makers for SPX Initiating Orders in the Automated Improvement Mechanism and FLEX Automated Improvement Mechanism
February 18, 2021
Type:Notice
Citation:86 FR 10154
Reading Time:about 17 minutes
The Securities and Exchange Commission (SEC) has approved a rule change proposed by Cboe Exchange, Inc. The rule now allows market makers with an appointment in S&P 500 Index Options (SPX) to participate in Automated Improvement Mechanism (AIM) auctions, which could potentially improve pricing and liquidity. Previously, such market makers were restricted from participating in these electronic auctions, though they could participate in open outcry trading. This change aims to bring the benefits of open outcry trading to electronic settings, offering better price opportunities for retail investors in SPX options.
Simple Explanation
The SEC says that more people who help set prices for S&P 500 options can join in special electronic trading games, which is like playing on a computer instead of in a playground, to help find better prices for buying and selling.
2021-01281 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Authorize for Trading Flexible Exchange Options on Full-Value Indexes With a Contract Multiplier of One
January 22, 2021
Type:Notice
Citation:86 FR 6718
Reading Time:about 2 minutes
The Securities and Exchange Commission (SEC) is considering a proposed rule change from Cboe Exchange, Inc. to allow trading of flexible exchange options on full-value indexes with a contract multiplier of one. This rule change was initially filed on June 30, 2020, and published for public comment on July 20, 2020. The SEC now has until March 17, 2021, to decide whether to approve or disapprove the rule change after extending the typical decision-making period to account for revisions made through Amendment No. 1. The extension allows the SEC more time to thoroughly review and consider the modifications.
Simple Explanation
The Securities and Exchange Commission is taking more time to decide if they will allow a new type of trading on the Cboe Exchange, which is a place where people buy and sell financial products. They want to make sure everything is safe and understandable before saying yes or no to the new idea.
2025-06509 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Rules To Allow the Exchange To List Options on the iShares Ethereum Trust
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April 17, 2025
Type:Notice
Citation:90 FR 16290
Reading Time:about 48 minutes
The Cboe Exchange, Inc. has announced a proposal to change its rules to allow the exchange to list options on the iShares Ethereum Trust. The Securities and Exchange Commission (SEC) is seeking public comments on this proposal, which is intended to offer investors a cost-effective way to gain exposure to ether, as well as provide a hedging tool. The proposed options will be similar to those available for other commodity ETFs like gold and silver. To facilitate this change, various rules about trading, listing criteria, and position limits will apply to ensure market integrity and investor protection.
Simple Explanation
The Cboe Exchange wants to let people trade special contracts, called options, connected to a fund that tracks Ethereum's value, much like how people trade options on gold and silver funds. The plan is to offer a new, easier way to invest in Ethereum, but they need to make sure it's safe for everyone playing the trading game.
2024-31769 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Fees for Industry Members Related to Reasonably Budgeted CAT Costs of the National Market System Plan Governing the Consolidated Audit Trail for 2025
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January 06, 2025
Type:Notice
Citation:90 FR 702
Reading Time:about 3 minutes
The Cboe Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission regarding their "Consolidated Audit Trail Funding Fees" for 2025. This proposal sets the fee rate at $0.000022 per executed equivalent share and is designed to take immediate effect. The Commission is seeking feedback on this change, inviting the public to submit comments electronically or by mail before January 27, 2025. The full details are available on both the Cboe and SEC websites.
Simple Explanation
The Cboe Exchange wants to charge a tiny fee whenever a share is traded to help pay for a big system that keeps track of trading, and they want to start this right away. Some people think it's not clear how they figured out this fee or if it's fair, and it's all written in a way that can be hard for most people to understand.

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