Type:Notice
Citation:86 FR 7443
Reading Time:about 18 minutes
The Cboe BZX Exchange, Inc. has proposed changes to its opening process for simple orders. The changes include allowing certain stock options to open sooner if they are already open on other exchanges, even if the market width is wide on the Cboe BZX Exchange. This process is aimed at enhancing market efficiency and providing users with more opportunities to trade. Additionally, users will have new options to manage their orders if an opening process is forced or done manually.
Simple Explanation
The Cboe BZX Exchange wants to change how they start trading certain stocks in a way that lets them start sooner if other places have already started trading them. This change will help people trade more easily and give them better choices.