Type:Notice
Citation:86 FR 10610
Reading Time:about 2 minutes
Cboe Exchange, Inc. initially proposed a rule to the Securities and Exchange Commission (SEC) on June 30, 2020, aiming to allow trading of flexible exchange options on full-value indexes with a contract multiplier of one. The SEC reviewed the proposal and its amendments over several months, receiving and considering comments. The proposal underwent modifications with two amendments filed in January and February 2021 to provide further explanations and support for the proposal. However, on February 12, 2021, the Exchange decided to withdraw the proposed rule change.
Simple Explanation
The Cboe Exchange wanted to let people trade a special kind of stock option, but after some changes and thinking, they decided not to do it.